Sasol's Louisiana Petrochemical Project Reaches Milestone

SUGAR LAND--August 22, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Sasol Limited's (NYSE:SSL) (Johannesburg, South Africa) $11 billion Lake Charles Chemical Project (LCCP) in Louisiana has sailed past the 74% completion point and remains on track for its first units to start up in the second half of 2018, the company reported Monday. However, Sasol now expects the internal rate of return on the Lake Charles project to be 7-8%, compared with an earlier forecast of 8%, as a result of market conditions.

Within this article: Details of the Lake Charles Chemical Project. Additional companies: KBR Incorporated (NSYE:KBR)