Sasol's US Lake Charles cost estimate jumps to $12.9 billion

Sasol [JSE:SOL] has increased the cost estimates for its Lake Charles Chemicals Project in Louisiana in the US to as much as $12.9bn.

That’s almost $1bn more than the company expected three months ago. Sasol said in February that capital costs at Lake Charles had increased to as much as $11.8BN and the startup would be delayed by as many as five months. The latest estimates are at least 45% higher than earlier targets for capital expenditure.