Topic: How To Invest

Power Growth Investor Hotline – Friday, December 20, 2019

Article Excerpt

SASOL LTD. (ADR), $21.62, is a buy. The South African-based company (symbol SSL on New York), jumped almost 14% this week for investors after it announced improved full production rates at its Lake Charles Chemicals Projects in Louisiana. The mega-project now looks like it’s finally putting its difficult construction and start-up phases behind it. Lake Charles faced numerous delays and budget overruns of around 45%. In the end. It cost as much as $12.9 billion. Output rose from the ethane cracker, which is at the heart of the Lake Charles Chemicals Projects. Production rates are now at optimal levels, following the successful replacement of the acetylene reactor catalyst. The cracker has run at approximately 50% to 60% of its full capacity due to underperformance of the plant’s acetylene removal system. The ethylene cracker converts ethane, a component of natural gas, into ethylene, which is used to make a range of chemical feedstock for products such as packaging and detergents. The acetylene reactor catalyst…

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.