the republic logo

Sasol arranges $4 billion in financing for ethane cracker, derivatives complex in Lake Charles

bug
Share/Save/Bookmark

BATON ROUGE, Louisiana — Sasol Ltd. has arranged $4 billion in financing for its ethane cracker and derivatives complex at its existing site in Lake Charles.

In October, Sasol announced its final investment decision for developing an $8.9 billion petrochemical complex, which consists of an ethane cracker that will produce 1.5 million tons of ethylene annually. The complex will also comprise six chemical manufacturing plants, enabling infrastructure and utility improvements.

The remainder of the funds required for construction will be raised in a phased manner from a variety of potential sources, including surplus cash available in the group.

The Advocate reports (http://bit.ly/1wkhoff ) a syndicate of 18 international banks and other financial institutions are lenders for the $4 billion in credit.


Information from: The Advocate, http://theadvocate.com

Think your friends should see this? Share it with them!

Story copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

 

Follow The Republic:

All content copyright ©2014 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.