Big Sasol Project in LA should Benefit GEL Marine Long Term
Kind of neat that Sasol of South Africa is spending like $20Billion on a natural gas to liquids plant near Lake Charles,LA...close to the waterways where GEL Marine operates...by 2018 Sasol should be pumping out 100,000+ barrels/day of diesel, jet fuel, etc much of which will be transported by barge somewhere...LA is investing $2Billion in tax incentives,infrastructure etc...1200+ permanent jobs...
if u read my note on mwe board wsj today had great piece on lake charles and sassol.
approx.90billion in new devolpment i thought being built .
whatever though gel right in the mix.
and with shelf being raised as well as new bond amount raised imho gel going to do something in near future regarding expansion of refineries ,adding to navy and or aquisition.
we are living in exciting times.