Sasol said today it might expand its $8.9 billion Lake Charles, La., ethane cracker project to include another cracker and derivatives plant or more capacity, Reuters reports. The company in January deferred a final investment decision on a $14 billion gas-to-liquids plant in Lake Charles due to oil price volatility, but it is moving forward on the ethane cracker. Sasol CEO David Constable said his company needs a gas price 16 times the current level to make a good return on gas-to-liquids.
Sasol secured $4 billion in funding for the Lake Charles ethane cracker in December.
SEE ALSO: Axiall delays decision on $2 billion Westlake ethane cracker
