South African energy and chemicals company Sasol reported it has approved a feasibility study for a world-scale ethylene cracker and derivatives complex in Lake Charles, La.
Sasol Chief Executive Officer David Constable said, “We believe strategic growth in chemicals will take full advantage of the natural gas opportunities along the US Gulf Coast.”
The company envisions the cracker will produce 1-1.4 million tons/year of ethylene. Its current estimates are that a cracker and derivatives complex will cost $3.5-4.5 billion. The feasibility study is to be completed during first-half 2013.
