SOURCE: Industrial Info Resources

Industrial Info Resources

January 20, 2011 05:10 ET

Sasol Drops Indonesian CTL Project, Shifts to Gas-Feed Strategy, an Industrial Info News Alert

JOHANNESBURG, SOUTH AFRICA--(Marketwire - January 20, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Market reaction has been generally favorable to the shift in strategy by the world's leading synthetic fuel producer Sasol (NYSE:SSL) (Johannesburg). This shift was indicated by the announced cancellation of the proposed coal-to-liquids (CTL) project in Indonesia. The company will now accelerate its focus on the development of new gas-to-liquids (GTL) opportunities. In December 2010, Sasol signed a $1.04 billion deal with Talisman Energy (NYSE:TLM) (Calgary, Alberta) for a 50% stake in the Farrell Creek shale gas assets in the Montney Basin in British Columbia.

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