In a reversal of traditional foreign-investment flows, an African company is poised to make the largest-ever capital investment into the southern US State of Louisiana, with a second, even bigger, investment under investigation.
JSE-listed energy and chemicals group Sasol is poised to invest nearly $9-billion into Lake Charles, which is the largest city on the Calcasieu river, linked to the Gulf of Mexico, some 50 km away, through the Calcasieu Ship Channel.
Site preparations are already under way for a $8.1-billion, 1.5-million-ton-a-year ethane cracker and derivatives complex, and Sasol will invest a further $800-million to acquire the land and build the infrastructure required to establish Lake Charles as an integrated, multi-asset site. Read more on Engineering News
South Africa has set the beginning of October 2015 as the date from which fuel producers will have to blend diesel and petrol with biofuels, the Department of Energy said on Monday.
The government said in August last year that fuel producers would be required to blend a minimum of 5% biodiesel in diesel and between 2% and 10% of bioethanol in petrol.
The Minister of Energy had now set October 1, 2015 as the date on which the regulations come into operation, department spokesman Johannes Mokobane told Reuters. Read on Engineering News >
JOHANNESBURG (miningweekly.com) – Underground coal gasification (UCG) holds promise as a future source of energy for South Africa, Exxaro CEO Sipho Nkosi said on Monday.
Nkosi, who hosted a media lunch, told Mining Weekly Online that many companies were investing in UCG, a process of converting coal into gas while it is still underground, or in situ. In some countries, like Canada, UCG is referred to as in situ coal gasification.
In both cases, the process makes use of deep, inaccessible coal that would otherwise remain unused in the ground and is seen as a way of reducing fatalities in coal mining and minimising environmental impact.
The potential is to use the synthetic gas (syngas) that the UCG process provides for the generation of electricity or the production of gas-to-liquids (GTL), chemicals and fertilisers. Read on Engineering News >
Martin Creamer | 01 Aug 2013 | Engineering News
Energy and chemicals producer Sasol reported on Thursday that its earnings for the financial year ended June 30, 2013, would be stronger, owing to an improved production performance and favourable exchange-rate conditions. Year-on-year headline earnings a share are expected to rise by between 20% and 30%, while earnings a share are expected to increase by between 7% and 17%, the company said in a trading update.
The improved performance was supported by a 4% increase in Sasol Synfuels’ production to 7.4-million tons and a 14% weakening of the average rand/US dollar exchange rate during the year. Read more
Engineering News 10 December 2012.
South Africa’s national oil company PetroSA has awarded a contract to WorleyParsons to conduct a new feasibility study, as well as the front-end engineering design (Feed) study into a proposed liquefied natural gas (LNG) import facility at Mossel Bay, in the Western Cape.
A previous LNG plan was abandoned in 2010, owing to concerns over the project’s commercial viability.
The new studies are designed to enable PetroSA to make an investment decision during the second half of 2013 on what could be a $400-million project…