Former Exxaro CEO named Sasol’s chairperson designate
Sasol’s giant US plant delayed, cost up to $11.8bn
Sasol [JSE:SOL] has increased the cost estimates for its Lake Charles Chemicals Project in Louisiana in the US to as much as $12.9bn.
That’s almost $1bn more than the company expected three months ago. Sasol said in February that capital costs at Lake Charles had increased to as much as $11.8BN and the startup would be delayed by as many as five months. The latest estimates are at least 45% higher than earlier targets for capital expenditure.