South Africa’s Sasol is the world’s only commercial-scale synthetic oil producer. Founded in 1950, they convert millions of tons of oil from coal each year. In 2011, high oil prices turned them into South Africa’s second most valuable company - with stock returns of 1000% since 2000. Then they took a massive swing on a multi-billion megaproject in Louisiana. It could have transformed them into an international chemicals giant. Instead, it smashed them to bits. In today’s video, South Africa’s synthetic oil giant, and the $13 billion US megaproject that ruined it.
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