) received a gas-to-methanol project contract from South
Louisiana Methanol L.P, a project developed by Todd Corporation
and ZEEP Management U.S. The financial terms of the deal were not
disclosed, but Fluor has booked the contract under its third
According to the contract, Fluor will primarily be providing
engineering and design services to this St. James Parish,
LA-based project. This project is expected to produce
approximately 5,000 metric tons of methanol daily. Presently,
Fluor is finalizing the process design for the facility.
Fluor Corporation has a strong presence and brand name in
executing front-end engineering and design (FEED) contracts in
large petrochemical and petroleum companies. In Jul 2013, Fluor
procured a front-end engineering and design (FEED) contract for
) 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.
Prior to this in March 2013, Fluor had received a FEED
(Front-End Engineering and Design) contract jointly from Qatar
Petroleum and Royal Dutch Shell plc for the Al-Karaana
Petrochemicals Complex in Ras Laffan Industrial City, Qatar.
Fluor currently carries a Zacks Rank #3 (Hold). Stocks in the
same sector that are worth a look include
Lennox International, Inc.
Meritage Homes Corporation
). While Lennox has a Zacks Rank #1 (Strong Buy), Meritage
carries a Zacks Rank #2 (Buy).
FLUOR CORP-NEW (FLR): Free Stock Analysis
LENNOX INTL INC (LII): Free Stock Analysis
MERITAGE HOMES (MTH): Free Stock Analysis
SASOL LTD -ADR (SSL): Free Stock Analysis
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