Fluor
Corporation (NYSE:FLR) announced today that ICA Fluor, its
industrial engineering and construction joint venture with Empresas ICA,
S.A.B. de C.V. (BMV and NYSE: ICA), was authorized by Pemex
Transformación Industrial (Pemex) to proceed with the engineering,
procurement and construction (Phase II) of the Madero Clean Diesel
project at the Madero Refinery in Tamaulipas, Mexico. Fluor booked its
$500 million share of the contract in the fourth quarter of 2015.
ICA Fluor will provide detailed engineering, procurement, construction,
commissioning and start-up services for two 25,000-barrel-per-day diesel
hydrodesulfurization trains and associated facilities. The project also
includes installation of new hydrogen, sulfur recovery and sour water
treatment plants, the revamp of the existing diesel hydrodesulfurization
unit, and offsites and utilities to integrate the new production
facility with the existing refinery. The project is scheduled to be
completed in the first quarter of 2018.
The project is part of Pemex’s clean fuels program, its comprehensive
development and modernization program, and is designed to increase
Mexico’s production of ultra-low sulfur diesel in accordance with
applicable environmental standards.
“We are very pleased with the performance of ICA Fluor, and this award
by Pemex demonstrates the trust and confidence in our joint venture to
successfully execute this very significant clean fuels project at the
Madero refinery,” said Peter Oosterveer, Fluor’s chief operating
officer. “Fluor and ICA Fluor remain fully committed to Pemex and our
other clients in the Mexican market.”
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 ICA
Empresas ICA, S.A.B. de C.V. is Mexico's largest infrastructure company.
ICA carries out large-scale civil and industrial construction projects
and operates a portfolio of long-term assets, including airports, toll
roads, water systems and real estate. Founded in 1947, ICA is listed on
the Mexican and New York Stock exchanges. For more information, visit www.ica.com.mx/ir.
About Fluor Corporation
Fluor
Corporation (NYSE:FLR) is a global engineering and construction firm
that designs and builds some of the world's most complex projects. The
company creates and delivers innovative and integrated solutions for its
clients in engineering, procurement, fabrication, construction,
maintenance and project management on a global basis. For more than a
century, Fluor has served clients in the energy, chemicals, government,
industrial, infrastructure, mining and power market sectors.
Headquartered in Irving, Texas, Fluor ranks 136 on the FORTUNE 500 list.
With 40,000 employees worldwide, the company's revenue for 2014 was
$21.5 billion. Visit Fluor at www.fluor.com
and follow on Twitter @FluorCorp.
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