Ethylene Sasol Plans Ethylene Production in the US
There's life in the old dog ethylene yet: Despite current low demands and margins, South African Sasol plans a new ethylene production at its site Lake Charles, Louisiana, in the US.
Pretoria/South Africa – Sasol, the world's largest producer of fuel from coal withstands the current trend to close down ethylene plants: The South African company has just issued a feasibility study on a possible 1.4-millon megatons./year ethylene and downstream derivatives production at its Lake Charles, Louisiana, site. A total sum of US $ 3.5 billion to US $ 4.5 billion is estimated for this facility. This announcement is a bit of a surprise, since big ethylene producers like American DOW competitors to close or idle ethylene plants due to low demand and margins. Further, Sasol reported that is in discussions on possible divestment of its stake in Arya Sasol, a polyethylene joint venture in Iran.