- 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.