-MOSCOW (MRC) -- Fluor Corporation announced that the company was awarded two reimbursable engineering, procurement and construction management contracts by BASF for the ethylene oxide/ethylene glycol and infrastructure, offsites and utilities packages as part of the company’s new Verbund program in Zhanjiang, Guangdong province, China, said the company.
The contract value to Fluor is more than USD2 billion and was booked in the third quarter of 2022. "Fluor values this longstanding relationship and looks forward to continuing this trusted partnership.”
“Over the past 20 years, Fluor has executed a significant amount of work with BASF in China,” said Jim Breuer, group president of Fluor’s Energy Solutions business. “Fluor values this longstanding relationship and looks forward to continuing this trusted partnership."
Fluor’s project scope of work for BASF’s Zhanjiang Verbund site project consists of two primary packages including the ethylene oxide/ethylene glycol derivative unit and the infrastructure, offsites and utilities scope, comprised of site infrastructure, utility generation and site logistics. Fluor is also performing services as part of the centralized program management team activities.
The project will be led by Fluor’s Shanghai, China, office.
We remind, Fluor (Irving, Texas) has recently announced an organizational revamp that “better aligns its business with identified growth markets and company strategy” after conducting a strategic review. The company is initiating plans to sell its subsidiary Stork (Utrecht, Netherlands) as part of the revamp, it says. Starting in the first quarter of 2021, Fluor will conduct its operations in three business segments - Energy Solutions, Urban Solutions, and Mission Solutions. The energy solutions business will be focused on energy transition, chemicals, and traditional oil and gas opportunities, according to Fluor.
Fluor Corporation is building a better future by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s 41,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of USD12.4 billion in 2021 and is ranked 259 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement and construction services for more than 110 years.