Share picks for 2021
Dec 18, 2020
3 minutes
By Moxima Gama
SASOL
Sasol has burnt its pockets in its colossal chemical investment in Louisiana in the US, dubbed the Lake Charles chemicals project. A series of delays and cost overruns have been the biggest contributor to Sasol’s financial woes in recent years. Once the project is complete, it will significantly strengthen Sasol’s position in the global chemicals market. The plant is expected to bring a core profit of as much as $200m next year, ramping it up to $1bn from 2022.
The Lake Charles chemicals project plant is
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