Posted on 10/27/2014 12:06:09 PM PDT by BBell
South African chemical company Sasol Ltd. has given final approval to move forward with an $8.1 billion ethane cracker and derivatives complex at its existing Lake Charles manufacturing facility, the company announced Monday.
The ethane cracker will produce 1.5 million tons of ethylene every year. The process involves breaking down the molecules of ethane -- which is found in natural gas -- to create ethylene, a key ingredient for the petrochemical industry. It's used in products like food packaging, fragrances, detergents and tires.
After clearing a key permitting hurdle earlier this year, the company said Monday it has given the cracker project final investment approval.
"Once commissioned, this world-scale petrochemicals complex will roughly triple our chemical production capacity in the United States, enabling Sasol to further strengthen its position in a growing global chemicals market," said Sasol president and CEO David Constable in a news release. "The U.S. Gulf Coast's robust infrastructure for transporting and storing abundant, low-cost ethane was a key driver in our decision to invest in America."
(Excerpt) Read more at nola.com ...
Great news for Louisiana
They let it slide because to do otherwise would deep-six Mary Landrieux.
Cracker?!??! That’s racist!
That’s one expensive cracker!
I prefer those keebler ones anyway.
You keep forgetting that Louisiana is a banana republic. If you have the skills to operate there, you have the skills to (dare we say it?) pay off the right federal authorities.
Great news until the thing blows up.
Can make a fireball 200 yards in diameter.
.
Do they even have roads in Loosiana?
Oh yeah, that was Colorado.
The industry is build a bunch of Ethane Crackers. Mostly the Gulf Coast but some up in the Marcellus area as well.
http://www.freerepublic.com/focus/f-news/3141616/posts
As is Dow:
http://www.zacks.com/stock/news/138222/dow-chemical-to-start-building-ethylene-cracker-in-texas
That’s because Ethylene = Money.
I hope they use their own money
They let it slide because to do otherwise would deep-six Mary Landrieux.
Got a few more days and we will deep-six her ourselves - we PRAY! We are looking for another detestable democrat’s demise.
Are you from Louisiana? If so, how dare you insult my home state. We put Democrat criminals in prison, unlike the Obama America. See: Edwin Edwards, Freezer Bill Jefferson.
They let it slide because to do otherwise would deep-six Mary Landrieux.
True he owes her for obamacare - we haven’t forgotten!
Now, don't get me wrong. My wife's jambalaya and gumbo, or a good crawfish boil, are my definitions of gustatory heaven. And I seriously enjoyed the view of the cypress and Spanish moss from my living room window. But we have to call things what they really are if we are to make progress.
The feds put those guys in prison.
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