ICA Fluor Daniel, the Mexico-based partnership of Fluor Corporation
(NYSE: FLR) and Empresas ICA Sociedad Controladora (NYSE: ICA), today
announced that it has been awarded a US$136.6 million contract to
provide engineering, procurement, construction and start-up support
services for two plants and one fuel terminal for Pemex Gas y
Petroquimica Basica. Located in Reynosa, Tamaulipas, Mexico, the two
plants will cool feed gas so that liquid hydrocarbons can be separated
out and recovered.
The consortium formed by ICA Fluor Daniel and Linde Process Plants Inc.,
with Ortloff technology as licenseor, will develop the project, which is
scheduled to be completed in 550 days.
"This project offers to our client a 98 % propane recovery, accomplished
through a very straightforward process. The design allows minimizing gas
consumption and the use of a compact Liquid Recovery Unit with
low-pressure drops and energy conservation," said Jorge Borja, ICA Fluor
Daniel general director. "The project confirms ICA Fluor Daniel's
capacity to provide its clients cost-effective solutions focused on
efficiency and environmental protection."
Pemex Gas y Petroquimica Basica is a subsidiary of Pemex, the Mexican
state-owned petroleum company.
ICA Fluor Daniel, has a wide range of experience in the engineering,
procurement and construction of chemical, petrochemical, cement,
telecommunications, refining, power, manufacturing and automotive
plants. Founded in 1947, ICA has completed construction and engineering
projects in 21 countries.
Fluor Corporation (NYSE: FLR) provides services on a global basis in the
fields of engineering, procurement, construction, operations, and
maintenance and project management. Headquartered in Aliso Viejo,
California, Fluor is a Fortune 500 company with revenues of $9 billion
in fiscal year 2001. For more information, visit www.fluor.com.
For further information, please contact: Media Relations, Jerry
Holloway, +1-949-349-7411, or Lori Serrato, +1-949-349-7420, or Investor
Relations, Lila Churney, +1-949-349-3909, or fax, +1-949-349-5375, all
of Fluor Corporation.
Media Relations, Jerry Holloway, +1-949-349-7411, or LoriSerrato, +1-949-349-7420, or Investor Relations, Lila Churney,+1-949-349-3909, or fax, +1-949-349-5375, all of Fluor CorporationURL: http://www.fluor.com