Sasol Ltd. cited its ethane cracker and gas-to-liquids complex in Lake Charles, estimated to cost $16 billion to $21 billion, as a highlight of its July to March financial results, the first nine months of the firmís fiscal year.
Aaron Brickman from Washington D.C. is the deputy director of SelectUSA within the U.S. Department of Commerce. He said Sasol's plans resonate with many in Washington D.C. and around the country. Brickman said at a conference in Germany last week, they were calling America the new China.
Southwest Louisiana is on the minds of federal commerce officials in Washington, D.C., because of the billions of dollars in investments that have been announced and followed through on in recent years.
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Sasol Lake Charles GTL and Ethane Cracker Complex Announcement - Announcement photos
Sasol is a world leader in the commercial production of liquid fuels (and chemicals) from natural gas. Our innovative GTL, or gas-to-liquid, technology harnesses clean, abundant natural gas reserves to make diesel and jet fuel in a cost-efficient and environmental-friendly way. As part of America‚Äôs energy mix, GTL will help the U.S. meet its growing transportation needs while advancing its energy independence.