CORRECTING and REPLACING Fluor to Build Shell's Quest Carbon Capture Facility in Canada
CORRECTING and REPLACING Fluor to Build Shell's Quest Carbon Capture Facility in Canada
World's First Oil Sands Carbon Capture & Storage (CCS) Project
IRVING, Texas & CALGARY, Alberta--(BUSINESS WIRE)-- Third graf, second sentence of release should read: Fluor will provide full EPC services using its patent-pending and innovative 3rd Gen Modular Execution approach for a 1.1 million tonne-per-year carbon capture facility at the Scotford Upgrader near Edmonton, Alberta. (sted Fluor will provide full EPC services using its patented and innovative 3rd Gen Modular Execution approach for a 1.1 million tonne-per-year carbon capture facility at the Scotford Upgrader near Edmonton, Alberta.)
The corrected release reads:
FLUOR TO BUILD SHELL'S QUEST CARBON CAPTURE FACILITY IN CANADA
World's First Oil Sands Carbon Capture & Storage (CCS) Project
Fluor Corporation (NYS: FLR) announced today that Shell selected the firm as its engineering, procurement and construction (EPC) contractor for Shell's carbon capture facility for its flagship Carbon Capture and Storage (CCS) Quest project at the Athabasca Oil Sands project in Alberta, Canada. The Quest project is being built on behalf of the Athabasca Oil Sands Project joint venture owners (including Shell, Chevron and Marathon Oil) with support from the Canadian and Alberta governments. Fluor booked the undisclosed contract value in the third quarter.
"Shell's confidence in choosing Fluor as its EPC contractor for this first-of-its-kind CCS project is a testament to our long-term, successful business relationships established by building Shell projects in Canada and throughout the world," said Peter Oosterveer, president of Fluor's Energy & Chemicals Group. "Fluor has more than two decades of experience with carbon capture technologies and the Canadian oil sands industry, so this unique opportunity will demonstrate our project execution abilities to bring clean energy to the marketplace. The use of CCS technology will allow our customers to address their carbon footprint and sustainability needs."
The Athabasca Oil Sands Project produces bitumen, which is piped to Shell's Scotford Upgrader. Fluor will provide full EPC services using its patent-pending and innovative 3rd Gen Modular Execution approach for a 1.1 million tonne-per-year carbon capture facility at the Scotford Upgrader near Edmonton, Alberta. Captured carbon dioxide will be sent about 80 kilometers from the facility via underground pipeline to an underground storage site. Fluor has been providing preliminary services and front-end engineering and design for Quest since 2009.
About Fluor Corporation
Fluor Corporation (NYS: FLR) designs, builds and maintains many of the world's most challenging and complex projects. Founded in 1912, the company was started by John Simon Fluor Sr. with a modest investment of $100. Since those humble beginnings, the company has grown into one of the largest engineering & construction companies in the world. Fluor is celebrating its 100th anniversary during 2012.
Today, through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in engineering, procurement, construction, commissioning, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenue of $23.4 billion in 2011. For more information, visit www.fluor100.com and www.fluor.com.
Fluor Corporation
Media Relations:
Keith Stephens, 469-398-7624
or
Brian Mershon, 469-398-7621
or
Investor Relations:
Ken Lockwood, 469-398-7220
or
Jason Landkamer, 469-398-7222
KEYWORDS: United States North America Canada Texas
INDUSTRY KEYWORDS:
The article CORRECTING and REPLACING Fluor to Build Shell's Quest Carbon Capture Facility in Canada originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
