Sasol-Tata JV to invest US$10 billion in India

Sasol, the largest producer of motor fuel made from coal, plans to spend US$10 billion in India in partnership with the Tata Group, following similar investments in Indonesia and China. The South African company plans to produce 80,000 barrels a day of motor fuel by 2018 from a coal block in Orissa, Mark Schnell, president of the company’s Indian unit, said in an interview in Mumbai. Sasol and Tata Group own equal stakes in the venture, he said. “It’s going to be a mega project of the magnitude of US$10 billion,” Schnell said. (June 3, 2010)