Fluor Corporation (NYSE: FLR) announced that the company has secured a front-end engineering and design (FEED) contract for Sasol’s world-scale ethane cracker and associated derivative chemicals facility at its Lake Charles Chemical Complex in Louisiana. Sasol announced the new project at a public event in December 2012, where Louisiana Governor Bobby Jindal noted that the project would be the largest single manufacturing investment in the history of Louisiana. Fluor will book approximately $120 million for the FEED contract into backlog in the second quarter. FEED work is under way and is expected to be completed in late 2013.
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