Sasol Abandons $10 Billion Indonesian Coal-to-Fuels Plan

Bloomberg.com reports that Sasol  (NYSE:SSL) is no longer pursuing plans to build coal-to-fuel plants in Indonesia.

The story is quoted as saying:

The South African company wants to accelerate talks with the Indonesian government about other gas-to-liquids projects, Sasol said in an e-mailed response to questions today. The company, based in Johannesburg, won’t pursue other coal-to-fuels projects after the current ones in China and India, it said.

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