Fluor Awarded EPCM Work for BASF Chemicals Project

Fluor Corporation (NYSE:FLR) announced today that BASF awarded Fluor an engineering, procurement and construction management (EPCM) contract for the revamp of an alcohol and plasticizers facility in Pasadena, Texas. Fluor booked the undisclosed contract value in the fourth quarter of 2015.

“Fluor has supported BASF with construction management services for many years in Europe and Asia, and we are excited to now deliver an integrated engineering, procurement and construction-driven solutions approach to BASF in North America,” said Jim Brittain, president of Fluor’s Energy & Chemicals Americas business line. “We will leverage our U.S. Gulf Coast construction experience to meet this project’s schedule goals, while delivering a capital-efficient solution that strengthens BASF’s position in the plasticizers market.”

Fluor will convert the general-purpose plasticizer units to Palatinol® DOTP (diethylhexyl terephthalate). This Palatinol® DOTP unit will be BASF’s first in North America. The plasticizer is used in numerous products, including vinyl film, flooring, coated fabrics and wire and cable coatings. In addition, Fluor will convert another unit to provide raw material for the Palatinol® DOTP unit. Fluor previously completed front-end engineering and design for the project under its North America partnership agreement with BASF and is executing the EPCM under the recent global engineering services agreement.

Facility start-up is scheduled for early 2017.

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. For more information, visit www.fluor.com or follow us on Twitter @FluorCorp.

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