Sasol’s US$ 11-Billion Project Resumes after Harvey Stall
Sasol Ltd is an integrated energy and chemical company based in South Africa. Workers have now started returning to the company’s US$11 billion Lake Charles Chemicals Project in Louisiana after the site was shut for more than a week because of Hurricane Harvey. Construction workers started joining work although at lower-than-usual turnout levels following the closure on August 26, 2017.
Russel Johnson, the spokesperson of Sasol’s North American operations, said: “The site could not be accessed for safe work for seven working days.”
Last year, Sasol raised the cost of Lake Charles by 25% to US$11 billion, quoting problems including weather delays at a site with poorer-than-anticipated subsurface conditions. The company also decreased returns from the plant, which will convert ethane into plastics and other products. Harvey, which struck areas near Christi, Texas, shattered the regions petrochemical operations.
There was a 50% increase in rainy days from the 10-year average, according to the National Weather Service. Sasol fell 1% to 386.49 rands in Johannesburg trading on Wednesday taking its decline over the past month to 5.7%.
The company quoted it is working with a venture of Fluor Corp. and TechnipFMC Plc, contracted by Sasol, to access further workforce and material supply to the Lake Charles project as a result of Hurricane Harvey.
You may be interested
Smart Nanotechnology Enlivens Wooden Ships and ArtifactsMohit Joshi - January 28, 2019
Scientists developed an innovative approach using ‘smart’ nanocomposites to conserve 16th-century British warship, the Mary Rose, and its artifacts. Shipwrecks are preserved in sediments under cold water,…
Researchers Discovered New Properties of Ferroelectric CrystalMohit Joshi - January 25, 2019
Researchers discovered new properties of ferroelectric crystal, according to a study published on July 10, 2018. This study was conducted by a team of researchers from China.…
Researchers Develop Novel Antibody to Knockdown of Protein in VertebratesMohit Joshi - January 24, 2019
Researchers from Technische Universität Dresden developed a synthetic antibody that improves functional analysis of proteins. A research led by Dr. Jörg Mansfeld of the Biotechnology Center of…