Sasol Drops Westlake GTL Project, Exits Canadian Shale Plays as it Shifts Focus, an Industrial Info News Alert
SUGAR LAND, Texas, Nov. 28, 2017 /PRNewswire/ — Researched by Industrial Info Resources (Sugar Land, Texas)–Sasol Limited (Johannesburg, South Africa) is calling it quits on as much as $1 billion in high-profile projects it has deemed unprofitable, including its work in Canada’s shale gas market and all of its gas-to-liquids (GTL) greenfield projects–notably its GTL project in Westlake, Louisiana. The company is narrowing its focus to some of its most profitable assets, including specialty chemicals, upstream developments in Mozambique and western Africa, and liquid fuel retail in southern Africa.
Industrial Info is tracking more than $43 billion in projects involving Sasol, including nearly $10 billion that are nearing or under construction.
Within this article: Details on the projects affected by Sasol’s decision, as well as some of its highest-valued projects nearing or under construction in the U.S. and abroad.
Other companies featured: Royal Dutch Shell plc, ConocoPhillips
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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info’s quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what’s happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook – Twitter – LinkedIn. For more information on our coverage, send inquiries to [email protected] or visit us online at http://www.industrialinfo.com.
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