Dec 2, 2010 12:43 PM by Kate Mundy
Petrochemicals company Sasol Ltd. announced plans today to build the world's first commercial ethylene tetramerization unit.
Construction at the Lake Charles production site is set to begin next year.
Governor Bobby Jindal was at L'Auberge du Lac Hotel today for the announcement. "Sasol selected Lake Charles over sites in Africa, Asia, Europe and the Middle East," said Gov. Jindal.
According to Sasol, the products 1-octene and 1-hexene are used in the manufacture of linear low density and high density polyethylene and elastomers.
The product can be used in packaging, bags, toys and automotive interiors.
The tetramerization unit will result in $175 million of capital investment, 36 new direct jobs at an average salary of $62,000, and the retention of 350 existing jobs.