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Sasol sources $4 billion credit for US ethane investment

by ChemOrbis Editorial Team -
  • 23/12/2014 (17:29)
According to market sources, South Africa’s Sasol has secured a $4 billion credit facility for its planned ethane cracker and derivatives complex in Lake Charles, Louisiana. The total value of the company’s investment is reported at around $8.9 billion.

The new ethane cracker that will have an ethylene capacity 1.5 million tons/year and is expected to come online in early 2018. The planned project will also house six chemical manufacturing plants, including a 1.98 billion lbs/year (approximately 900,000 tons/year) PE plant, spread evenly between LDPE and LLDPE, and a 660 million lbs/year (approximately 300,000 tons/year) ethylene oxide plant.
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