Fluor
Corporation (NYSE:FLR) announced today that the U.S. Department of
Energy (DOE) has exercised its option to extend the current
decontamination and decommissioning work on the former Portsmouth
Gaseous Diffusion Plant in Piketon, Ohio, for an additional 30 months.
The contract will be executed by Fluor-BWXT Portsmouth, LLC, a Fluor-led
partnership, together with subcontractors CH2M and small businesses
Pro2Serve, Innovative Solutions and Wastren Advantage Inc. The estimated
value of the option period is approximately $750 million.
Fluor-BWXT started work on the initial five-year contract on March 28,
2011. The contract extension includes completing deactivation of the
massive X-326 uranium enrichment plant, initiating deactivation work in
the X-333 process building, continuing the uranium barter program,
completing On-Site Waste Disposal Facility design and moving
construction forward to prepare the first cells to receive contaminated
plant soils and demolition debris. The new contract includes an option
for an additional 30-month contract extension.
“We are pleased with the Department’s confidence in our performance and
ability to deliver on the important deactivation work that is underway,”
said Bruce
Stanski, president of Fluor’s Government Group. “I’m proud of the
many site milestones that have been reached, including two Records of
Decision for the disposition of millions of cubic yards of waste,
processing $1 billion dollars in uranium inventory for barter and
removal, and the safe shipment of more than 7,000 process gas system
components.”
“DOE, Fluor-BWXT and our many stakeholders are aligned on the future
vision of the site thereby creating the opportunity for its reuse and
redevelopment,” said Dennis Carr, project director of Fluor-BWXT. “With
Records of Decision in place, we now have a clear regulatory path
forward. The 30-month extension allows our team to work towards
achieving the end goal in a consistent and collaborative manner with DOE
and the community.”
For more than 70 years, Fluor has served as a DOE contractor with a
legacy that dates back to the Manhattan Project. In addition to its
current role at the Portsmouth site, Fluor supports DOE’s cleanup
missions at the Idaho Site under the Idaho Cleanup Project (ICP) Core
Contract, serves as the managing partner on the management and operating
contract at the Savannah River Site – including the Savannah River
National Laboratory – and is the prime contractor for deactivating the
Paducah Gaseous Diffusion Plant in Paducah, Kentucky. Fluor also manages
and operates the Strategic Petroleum Reserve, headquartered in New
Orleans, Louisiana, for DOE’s Office of Fossil Energy.
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 clients by
delivering innovative and integrated solutions for our clients in the
energy, chemicals, government, industrial, infrastructure, mining and
metals, and power market sectors. With headquarters in Irving, Texas,
Fluor ranks 136 on the FORTUNE 500 list with revenue of $18.1
billion in 2015 and has 59,000 employees worldwide. For more
information, please visit www.fluor.com
or follow us on Twitter @FluorCorp.
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