Thursday, 02 December 2010 11:52
Jindal Announces New Sasol Unit In Lake Charles Louisiana
Written by 

Today, Governor Bobby Jindal joined Sasol North America President Mike Thomas and Sasol Managing Director, Olefins & Surfactants, Fleetwood Grobler to announce Sasol Ltd.’s plans to construct the world’s first commercial ethylene tetramerization unit, capable of producing over 100,000 metric tons per year of combined 1-octene and 1-hexene, at its production site in Lake Charles. The tetramerization unit will result in $175 million of capital investment, 36 new direct jobs at an average salary of $62,000, and the retention of 350 existing jobs.

LED estimates the 36 new, direct jobs will also result in approximately 240 new, indirect jobs and will generate $12.0 million in new, state tax revenue and $8.5 million in new, local tax revenue over the next 10 years.

 

Governor Jindal said, “Sasol selected Lake Charles over sites in Africa, Asia, Europe and the Middle East - sending a strong signal that Louisiana continues to successfully compete for economic investment on a national and global stage. Because of the national economic downturn, business investment has decreased both internationally and in the U.S., but since 2008, Louisiana has bucked this trend by attracting investment and business development projects that will strengthen and diversify our economy for years to come. In fact, since 2008, our economy has outperformed the South and the nation.”{sidebar id=4}

 

Construction on the project will commence in 2011, and the plant will reach beneficial operation in mid-2013. During peak construction periods, the project will create up to 500 contract jobs.

 

The unit will use Sasol’s proprietary technology to convert ethylene to 1-octene and 1-hexene. This unique process was developed in Sasol’s R&D laboratories in South Africa, and selectively produces alpha olefins required for the high-growth polymer markets. Engineers and scientists from Sasol North America worked with an international team to design the ethylene tetramerization unit.

 

“Our top economic development priority has been and will continue to be expanding and retaining Louisiana’s existing businesses,” said LED Secretary Stephen Moret. “In Lake Charles and Southwest Louisiana, this commitment is certainly paying off. The Shaw Group, Aeroframe, Northrop Grumman Technical Services and Sasol are part of a growing list of companies that have announced major expansions in the region over the last three years.”

 

“We’re pleased to be selected to construct and operate this unique tetramerization process,” said Thomas. “Sasol’s willingness to expand operations in Southwest Louisiana is a vote of confidence for our local employees, service providers and our state. We are particularly thankful to our local legislative delegation, Louisiana Economic Development and Gov. Bobby Jindal for the support they have provided to help make this opportunity a reality.”

 

“This tetramerization unit at our Lake Charles complex is supporting our strategy to further beneficiate our ethylene produced at the site and is in line with our view to develop our integrated multi asset sites,” said Grobler.

 

To secure the expansion, LED provided an incentive package that includes customized workforce training from LED FastStart, the Retention and Modernization Tax Credit program, Quality Jobs program and Industrial Tax Exemption program.

 

With current production of more than 350,000 metric tons per year, Sasol is a major producer of comonomer range alpha olefins. According to Alan Field, managing director of Sasol Solvents, “The additional capacity to be built at the Lake Charles complex will help Sasol’s global customer base achieve its long-term polymer and elastomer growth prospects, and the investment reflects our confidence in the competiveness of the U.S. petrochemicals industry.”

 

1-octene and 1-hexene are used as comonomers in the manufacture of linear low density polyethylene (LLDPE), high density polyethylene (HDPE) and elastomers. The products impart special characteristics of elasticity and strength in plastic used in consumer products, such as food packaging, bags, toys, automotive interiors, power cable coatings and more.

 

Based in South Africa and operating worldwide, Sasol Ltd. is an energy and chemicals company listed on the NYSE and JSE stock exchanges. It is a leading provider of liquid fuels in South Africa and a major international producer of chemicals. Sasol North America Inc. is a holding of Sasol Olefins & Surfactants (O&S), a main chemical business of Sasol Ltd. Sasol O&S manufactures and markets a broad range of organic and inorganic products used in detergents, cleaners, paint and coatings, personal care products as well as in catalysts, high performance abrasives and polymer additives. Production sites are located in the U.S., Germany, Italy, Slovakia, Dubai, South Africa and China.

(Jindal Press Release)

Bayoubuzz Newsletter - Sign Up Below


 

Login to post comments
Powered By JFBConnect
  • Cat Fights on the Hot Cement Confederate New Orleans statues
  • Ex-Saints, Bears, Bills, NFL Exec, Jim W. Miller discusses NFL Draft tomorrow
  • Trump's new plan; Curtains on tax returns release; 40% say Trump-Russia; Probing Obama admin
  • Watch Louisiana Governor Edwards talk about CAT Tax failure

catRarely, have I seen few issues that have generated as much raw heat, tension, and passion than the Confederate monuments controversy. 

Just as existed during the real civil war, where brothers battled brothers, social media is the battleground, particularly Facebook, pitting friend against friend.

On one side of the tense divide, there are those who are protecting the New Orleans civil war era monuments.  Burnt in effigy, forever, is the symbol of Mayor Mitch Landrieu for up-ending what the monument protectors consider to be the loving civil society of New Orleans.

Lately, events have turned somewhat militaristic.

Some protectors of the Confederate monuments have been staying vigilant, in person and online, even surveilling during the wee hours of the morning, waiting for the next Mayor Landrieu attack. On Sunday morning, with protections of snipers, masked workers and a dumbstruck audience, the worst of all of the monuments was cut and carried., the Liberty Monument. 

Read More

miller nfl live2 5It’s D-Day or Draft Day tomorrow in the NFL.

More specifically, Thursday represents the first day of the NFL draft 2017.

Read More

 

trump curtainsThe major President Trump news of the day focuses upon taxes, not only the tax cuts he is proposing but his own taxes, which he obviously, refuses to unveil.

 

Read More

edwards play money 1

At a press conference today, Louisiana Governor John Bel Edwards said the CAT Tax did not pass the House Ways and Means Committee.  The Governor, in addressing the media said that "the fate of that bill was decided long before we unveiled it".

Read More

latter-blum2

Sen. Appel talks budget, economy

TRUMP TALK

Dead Pelican

Optimized-DeadPelican2 1 1