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Sasol Targets $10 Billion Investment in 1.1 Million-Barrel Coal-to-Liquid Projects in Indonesia by 2015
BANGALORE, INDIA--January 9, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--According to Indonesia's Department of Energy and Mineral Resources, Sasol Limited (NYSE:SSL) (Johannesburg), an integrated energy and chemical firm, plans to invest $10 billion by 2015 to develop coal liquefaction plants with a combined capacity of 1.1 million barrels per day in eastern Kalimantan and Sumatra to produce gasoline and other oil products. The firm is in talks with local companies, including PT Bumi Resources Tbk (JAK:BUMI) (Jakarta, Indonesia), an oil and coal-mining firm, and PT Pertamina (Jakarta), a state-owned oil and gas extraction and refining company, to ensure the supply of coal for the plants.
Other companies featured: Foster Wheeler Limited (NASDAQ:FWLT)
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Industry Segment: Alternative Fuel
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