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Fluor, Technip complete construction on Sasol petrochem plant in Louisiana

Mar. 19, 2019 1:59 PM ETFluor Corporation (FLR) Stock, FTI Stock, SSL StockFTI, FLR, SSLBy: Carl Surran, SA News Editor3 Comments
  • Fluor (FLR +0.2%) and TechnipFMC (FTI +0.6%) say their joint venture has completed construction on a new petrochemical complex on the Louisiana Gulf Coast for South African energy and chemicals company Sasol (SSL +2.5%).
  • The facility includes a 1.5M mt/year ethane cracker and six downstream units that will make chemicals for plastics and other consumer products.
  • The project achieved first steam in August 2018, utilities to support the early process units were fully operational by the end of November 2018, and the linear low-density polyethylene unit achieved beneficial operations in February 2019.

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