Sasol Delays U.S. Chemical Plant as Price Drop Spurs Savings

South Africa based Sasol Limited will review the cost and timing of its $8.9 billion chemicals plant in the U.S. as slumping prices caused first-half profit at the world’s biggest producer of motor fuel from coal to drop 63 percent.

Some units converting ethane into plastics and other products at Lake Charles in Louisiana will start in 2019 instead of 2018, said Johannesburg-based Sasol, which aims to complete a review of the project by the middle of this year.