) has procured a front-end engineering and design (FEED) contract
for Sasol's Lake Charles Chemical Complex situated in Louisiana.
This facility, once completed, will be a world-class ethane
cracker and associated derivative chemicals facility of this
Johannesburg-based integrated energy and chemical company, Sasol
Ltd. The project is expected to begin operations by 2017 and is
expected to produce 1.5 million of ethylene every year.
CHICAGO BRIDGE (CBI): Free Stock Analysis
DYCOM INDS (DY): Free Stock Analysis Report
EMCOR GROUP INC (EME): Free Stock Analysis
FLUOR CORP-NEW (FLR): Free Stock Analysis
ROYAL DTCH SH-A (RDS.A): Free Stock Analysis
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Valued at approximately $120 million, the contract is expected to
be completed by the end of 2013. Fluor has booked the contract in
its second quarter order book under the Energy and Chemicals
group. The Lake Charles Chemical Complex is also the
single-largest manufacturing investment ever made in Louisiana
Fluor and Sasol have been working together for over five decades
on various projects ranging from coal to liquids and chemical
facilities. Fluor Corporation has a strong presence and brand
name in executing the FEED contracts in large petrochemical and
petroleum companies. In March 2013, Fluor received a FEED
(Front-End Engineering and Design) contract jointly from Qatar
Royal Dutch Shell plc
) for the Al-Karaana Petrochemicals Complex in Ras Laffan
Industrial City, Qatar.
Fluor currently has a Zacks Rank #4 (Sell), which might not be a
good option at the moment. However, some other companies in the
same sector that are worth considering at the moment are
Chicago Bridge & Iron
Emcor Group Inc.
). All three carry a Zacks Rank #1 (Strong Buy).
(We are reissuing this article to correct two mistakes. The
original article, issued Wednesday, July 17, 2013, should no
longer be relied upon.)