State gives $135M incentive package to land Sasol

Published December 5, 2012 11:49am ET



BATON ROUGE, La. (AP) — Gov. Bobby Jindal’s administration has pledged a more than $135 million incentive package to South African energy company Sasol Ltd. to build a multibillion-dollar complex in southwest Louisiana to turn natural gas into chemicals, diesel and other fuels.

Incentives include tax breaks, a $20 million worker training facility and a $115 million payment to the company for land and infrastructure that will be left to a future governor’s administration and lawmakers to fund.

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