Louisiana switches gears, supports deal for Sasol fuel plant


Louisiana lawmakers reversed course yesterday and now support a $257M incentive package and contract with Sasol (SSL -0.7%) to build a ~$14B fuel plant near Lake Charles that will turn natural gas into chemicals, diesel and other fuels.

A top Louisiana official had claimed the project would be the state's biggest-ever single economic development project, while the legislature's chief economist said the state will pay more for the project than its treasury will receive in economic return.

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs