Fluor Corporation (NYSE: FLR) and JGC Corporation announced today that
their 50/50 joint venture was awarded an engineering, procurement and
construction (EPC) contract by Chevron Phillips Chemical Company LP
(Chevron Phillips Chemical) for its U.S. Gulf Coast (USGC)
Petrochemicals Project. Fluor booked its share of the undisclosed
contract value in the third quarter of 2013.
The project consists of the ethylene unit (cracker) and associated
offsite components to be built at Chevron Phillips Chemical’s existing
Cedar Bayou complex in Baytown, Texas. Fluor’s scope includes
engineering and procurement for the outside battery limit scope as well
as direct hire construction for the entire cracker project.
“This project represents the first EPC opportunity to be executed by our
newly formed association with JGC,” said Peter Oosterveer, president of
Fluor’s Energy & Chemicals Group. “The U.S. Gulf Coast continues to play
a significant role in the chemicals market and our depth of resources
and breadth of experience will create value for our client and support
their success throughout the project.”
Project work is under way and will be performed from Fluor’s Houston
office with assistance from its Philippines offices.
About Fluor Corporation
For more than 100 years, Fluor Corporation (NYSE: FLR) has partnered
with its clients to design, build and maintain many of the world's most
challenging and complex capital projects. Through its global network of
offices on six continents, more than 41,000 employees provide
comprehensive capabilities and world-class expertise in the fields of
engineering, procurement, construction, commissioning, fabrication,
operations, maintenance and project management. Today, the company
serves a global client base in the energy, chemicals, government,
industrial, infrastructure, operations & maintenance, manufacturing &
life sciences, mining, power and transportation sectors. Headquartered
in Irving, Texas, Fluor ranks 110 on the FORTUNE 500 list and had
revenue of $27.6 billion in 2012. For more information, visit www.fluor.com
and follow us on Twitter at @FluorCorp.
Fluor CorporationMedia RelationsKeith Stephens, 469-398-7624orBrian Mershon, 469-398-7621orInvestor RelationsKen Lockwood, 469-398-7220orJason Landkamer, 469-398-7222