Duck­ing a hur­ri­cane

Finweek English Edition - - Marketplace -

Har­vey bat­tered the US Gulf Coast, and that’s right where the Sa­sol eth­ane cracker project in Lake Charles is. As far as I can work out Lake Charles has been spared the worst of it, but the re­gion is likely to still have re­ceived at least a few hun­dred mil­lime­tres of rain, and that’ll mean the project’s com­ple­tion date will have to be moved up. The ques­tion is if Sa­sol fac­tored floods of some sort into its com­ple­tion tar­get dates. At the time of writ­ing, man­age­ment had made no of­fi­cial state­ment on Sens, but re­ports are that work is restart­ing and dam­age was min­i­mal.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.