Sasol revises cost of Louisiana project upwards to $11bn

June 6, 2016

Responsive image

South African energy group Sasol reported on Monday that the capital cost of its Lake Charles Chemicals Project (LCCP), in Louisiana, had been revised upwards and that, following a review of the US investment programme, the project schedule had also been extended. A “preliminary finding” from the review, which is ongoing, indicates that the total capital expenditure (capex) associated with the project could rise to $11-billion, from $8.9-billion previously.

Category: General