Cadereyta and Madero Refineries Undergo EPC Expansions
IRVING, Texas--(BUSINESS WIRE)--ICA Fluor, the industrial construction joint venture of Empresas ICA, S.A.B. de C.V. (BMV and NYSE: ICA) and Fluor Corporation (NYSE: FLR), announced today that Mexico’s state oil company PEMEX Refining has awarded the company engineering, procurement and construction (EPC) contracts for two low sulfur gasoline projects in Mexico. The $638 million contracts are part of PEMEX’s clean fuels program and were awarded to ICA Fluor after an international public bidding process on August 20, 2009. Fluor will book its portion of the award in the third quarter of 2009.
ICA Fluor will be responsible for the EPC, testing and start-up that includes the installation of the catalytic gasoline desulfurization plants, the amine regeneration units, offsites, utilities and integration for the existing Hector R. Lara Sosa Refinery in Cadereyta, Nuevo Leon and the Francisco I. Madero Refinery located in Ciudad Madero, Tamaulipas.
The Cadereyta refinery project includes a 42,500 barrel-per-day catalytic distillation train, the associated amine regeneration unit, flare and all ancillary facilities. The Madero refinery project includes two 20,000 barrel-per-day catalytic distillation plants, the associated amine regeneration units, flare and all ancillary facilities. The work is scheduled to be executed over a term of 44 months.
About ICA Fluor
ICA Fluor is the leading industrial engineering-construction company in Mexico, dedicated to the engineering, procurement, construction and maintenance of industrial facilities in the oil and gas, chemical, petrochemical, automotive, power, mining and telecommunication industries.
About Empresas ICA
Empresas ICA, S.A.B. de C.V. was founded in 1947. ICA’s principal lines of business are civil and industrial construction and engineering; housing; and infrastructure operations, including airports, toll roads, and municipal services. For more information please visit www.ica.com.mx.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the world's most challenging and complex projects. Through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenues of $22.3 billion in 2008. For more information visit www.fluor.com.
Fluor CorporationMedia Relations:Brian Mershon, 469-398-7621orInvestor Relations:Ken Lockwood, 469-398-7220orJason Landkamer, 469-398-7222