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South African Firm to Build Gas-to-Diesel Plant in Louisiana
Announced two weeks ago, so please delete if I missed it. I only saw it this morning because I was behind on my civil engineering newsletters. And I'm sure the EPA can still kill it!Gov. Bobby Jindal and Sasol New Business Development Managing Director Ernst Oberholster announced the South African company has selected Calcasieu Parish as the location for a potential gas-to-liquids, or GTL, complex that would entail a capital investment of approximately $8 billion to $10 billion and produce direct employment of approximately 850 jobs, with average salaries of about $89,000, not including benefits. LED estimates the project also would result in approximately 4,000 indirect jobs, which means the total impact of the project would be nearly 5,000 new jobs in Southwest Louisiana. Additionally, at full production capacity, the facility would consume approximately 305 billion standard cubic feet of natural gas per year, which would represent roughly $1.3 billion to $1.5 billion per year in natural gas purchases at current prices and, accordingly, Sasol's proposed GTL complex would provide a huge new source of demand for the Haynesville Shale and other natural gas plays in Louisiana. Posted by: Bobby 2011-09-27 |
| http://www.rantburg.com/poparticle.php?ID=330533 |