Fluor Awarded Contract for World’s Largest Propylene Oxide and Tertiary Butyl Alcohol Plant
09 October 2017 - 9:57PM
Business Wire
Fluor Corporation (NYSE: FLR) announced today that it was
selected by LyondellBasell (NYSE: LYB) to perform the engineering
and procurement for its propylene oxide (PO) and tertiary butyl
alcohol (TBA) project located at its Channelview and Bayport
complexes outside of Houston. Fluor booked the undisclosed contract
value into backlog in the third quarter of 2017.
The project represents the single-largest capital investment in
LyondellBasell’s history. When completed, the plant will
produce 1 billion pounds per year of PO and 2.2 billion pounds per
year of TBA. At the peak of construction, the project is expected
to create up to 2,500 jobs and approximately 160 permanent
positions when operational.
PO is a building block of many everyday products, including
bedding, furniture, carpeting, coatings, building materials and
adhesives. The TBA will be converted to fuel additives that help
gasoline burn cleaner and reduce automobile emissions.
“This facility is a strategic part of LyondellBasell’s organic
growth plans and we are pleased to continue our partnership on this
project,” said Mark Fields, president of Fluor’s Energy &
Chemicals business in the Americas. “Using our Zero Base
ExecutionSM approach, the LyondellBasell and Fluor team developed a
fit-for-purpose solution that optimized the plant design, leveraged
global procurement opportunities and implemented a cost-effective
modularization approach. Our integrated solutions approach
substantially reduced the facility’s capital costs and helped
LyondellBasell achieve their final investment decision on this
world-scale chemical facility.”
LyondellBasell is one of the largest plastics, chemicals and
refining companies in the world and has world-leading PO/TBA
technology. Fluor has participated in the project since the
commencement of front-end engineering and design in 2015. Project
completion is expected in 2021.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is a global engineering,
procurement, fabrication, construction and maintenance company that
designs, builds and maintains capital-efficient facilities for its
clients on six continents. For more than a century, Fluor has
served its clients by delivering innovative and integrated
solutions across the globe. With headquarters in Irving, Texas,
Fluor ranks 149 on the Fortune 500 list with revenue of $19 billion
in 2016 and has more than 60,000 employees worldwide. For more
information, please visit www.fluor.com or follow Fluor on social
media at Facebook, Twitter, LinkedIn and YouTube.
About LyondellBasell
LyondellBasell (NYSE: LYB) is one of the largest plastics,
chemicals and refining companies in the world. Driven by its 13,000
employees around the globe, LyondellBasell produces materials and
products that are key to advancing solutions to modern challenges
like enhancing food safety through lightweight and flexible
packaging, protecting the purity of water supplies through stronger
and more versatile pipes, and improving the safety, comfort and
fuel efficiency of many of the cars and trucks on the road.
LyondellBasell sells products into approximately 100 countries and
is the world's largest licensor of polyolefin and polypropylene
technologies. More information about LyondellBasell can be found at
www.lyondellbasell.com.
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Fluor CorporationMedia RelationsBrian Mershon,
469-398-7621orBrett Turner, 864-281-6976orInvestor RelationsGeoff
Telfer, 469-398-7070orJason Landkamer, 469-398-7222
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