Sasol seeks to capitalize on cheap U.S. gas with La. GTL facility

08/21/2013 | CNN

Sasol has high hopes for its planned $14 billion investment in a gas-to-liquids facility in Louisiana. "In that technology we take natural gas and we actually break the molecule down and then reform that molecule into other high-value products like diesel," said Mike Thomas, Sasol's U.S. vice president. "The price of the natural gas in the United States is about the lowest in the world, and the markets are also in the U.S. If you look within the United States, particularly on the U.S. Gulf Coast where we are ... there is no better infrastructure for the petrochemical industry in the United States, and probably in the world," he added.

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