As synthetic fuel and chemicals producer Sasol moves to cut costs and dispose of assets in a desperate bid to avoid a potential rights issue, a stake in its troubled Lake Charles Chemicals Plant in Louisiana is now firmly on the table. But with world markets in a tailspin amid the Covid-19 pandemic, can the group ever hope to get fair value for a share in its prized, albeit troubled, asset?

The company was hoping the US project would transform Sasol into a global chemicals company, but Lake Charles has so far proved to be Sasol’s biggest headache as costs ballooned 45% to $13bn...

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