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Eco-threat to the Waterberg; Sasol eyes prime tourist and mineral-rich area for 'the big one', a mega coal-to-liquid fuel plant that would produce 80 000 barrels of oil a day.(News)
- Article from:
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The Sunday Independent (South Africa)
- Article date:
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August 19, 2007
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Copyright informationCOPYRIGHT 2007 Independent News & Media PLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BYLINE: Edwin Naidu
Sasol, the South African petrochemical giant, is eyeing pristine property in the mineral-rich Waterberg district to build a multibillion-rand coal liquefaction plant - sparking an outcry from environmentalists and residents.
Sasol's plans to build the plant follow the government's decision to scrap a proposed windfall tax on the synthetic fuel industry.
Freed from the spectre of the extra tax, Sasol will go ahead with its new oil-from-coal plant, said to be earmarked for the Waterberg.
The windfall tax was mooted because of the profits made by synthetic fuel producers on the back of soaring world oil prices.
Marina Bidoli, the Sasol ...