Sasol Ltd. Plans to Invest $16 Billion to $21 Billion in Louisiana
03 Dec, 2012
Sasol has announced it will invest between $16 billion and $21 billion in an integrated gas-to-liquids (GTL) and ethane cracker complex in Westlake, La., which is expected to create 1,253 direct jobs. The project by Sasol, a South African company, will be one of the largest foreign direct investment manufacturing projects in the history of the United States, according to fDi Intelligence, a division of The Financial Times Ltd.
The GTL facility, the first of its kind in the United States, will produce high quality transportation fuels, including GTL diesel, as well as other value-adding chemical products. GTL diesel is a cleaner-burning, high-performance fuel with significant emission reduction benefits. GTL diesel can be used in existing vehicles and fuel delivery infrastructure without modifications.
The project will consist of an integrated, 96,000 barrels-per-day.
“Sasol is one of many energy companies that is expanding in Louisiana because of our world class energy infrastructure, strong business climate, and incomparable workforce,” says Bobby Jindal, governor, Louisiana. “Never before in our nation’s history has there been a greater call for energy independence, but that independence will only result from a meaningful application of innovative and practical solutions for new sources of energy. This project is a giant step forward to help our country become more energy independent and less reliant on foreign sources of energy.”
For complete details about the project, visit Louisiana Economic Development.
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