South Africa: Sasol Weighs Giant Indian Plant

Petrochemical group Sasol and India's Tata are considering investing in a multibillion-dollar coal-to-liquid (CTL) plant in India that could produce up to 80 000 barrels of liquid fuel a day. The companies are launching a prefeasibility study on the viability of the project, which a securities company analyst said last week could cost $5bn-$7bn, about the same as the estimated value of the proposed CTL plant in China, which would also produce 80 000 barrels a day.