Sasol Investment Company (Pty) Limited, a wholly owned subsidiary of Sasol, entered into a definitive sale and share purchase agreement pursuant to which Main Street 1095 (Pty) Limited, a South African subsidiary of an Iranian investor, completed and effected the acquisition of 100% of the shares of SPI International (Pty) Limited ("SPII")("Transaction"). SPII is the indirect owner of a 50% interest in Arya.
agreed charliezap....agreed. Its going to be huge....huge volumes, huge price tag, huge margins....of course things can change....but getting nat gas for $3.5 to $4.0/mmscf......translating into about $40/bbl feedstock equivalent.....well.....that leaves $65 per bbl profit today......only question is: what will it be after they spend the $15 billion and crank up the plant in 2016??? Who knows. They are building it right where the market is for the products and right where the cheap gas is. They got lots of tax breaks from Lousiana...they are in the safest country to do business..... Lets just hope they planned for possible hurricanes.