Fluor Awarded Front-End Contract for World’s Largest Propylene Oxide/Tertiary Butyl Alcohol Plant
OREANDA-NEWS. February 11, 2016. Fluor Corporation (NYSE:FLR) announced today that LyondellBasell (NYSE: LYB), one of the world’s largest plastics, chemical and refining companies, has selected Fluor to perform front-end engineering and design (FEED) work for its proposed propylene oxide and tertiary butyl alcohol plant. Fluor booked the undisclosed contract value in the fourth quarter of 2015.
The plant will be the world’s largest of its type and will be located at LyondellBasell’s existing Channelview and Bayport Choate complexes in Texas. The scope includes a 1 billion pound-per-year propylene oxide and a 2 billion pound-per-year tertiary butyl alcohol plant at the Channelview site, an ethers plant at the Bayport Choate site, as well as associated infrastructure. The products will be used in the production of polyols, high-octane gasoline components and other isobutylene derivatives.
“Fluor is bringing its proven integrated engineering, procurement, fabrication and construction solutions approach to support this world-scale project’s advancement,” said Jim Brittain, president of Fluor’s Energy & Chemicals Americas business line. “We will leverage our extensive U.S. Gulf Coast chemicals experience and innovative global procurement and design approaches to develop a capital efficient solution for LyondellBasell.”
Front-end design activities are expected to be completed in 2016.
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.