Fluor and JGC Joint Venture Awarded EPC Contract by Chevron Phillips Chemical for Gulf Coast Petroch

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Fluor and JGC Joint Venture Awarded EPC Contract by Chevron Phillips Chemical for Gulf Coast Petrochemicals Project in Texas

IRVING, Texas--(BUSINESS WIRE)-- Fluor Corporation (NYS: FLR) and JGC Corporation announced today that their 50/50 joint venture was awarded an engineering, procurement and construction (EPC) contract by Chevron Phillips Chemical Company LP (Chevron Phillips Chemical) for its U.S. Gulf Coast (USGC) Petrochemicals Project. Fluor booked its share of the undisclosed contract value in the third quarter of 2013.

The project consists of the ethylene unit (cracker) and associated offsite components to be built at Chevron Phillips Chemical's existing Cedar Bayou complex in Baytown, Texas. Fluor's scope includes engineering and procurement for the outside battery limit scope as well as direct hire construction for the entire cracker project.

"This project represents the first EPC opportunity to be executed by our newly formed association with JGC," said Peter Oosterveer, president of Fluor's Energy & Chemicals Group. "The U.S. Gulf Coast continues to play a significant role in the chemicals market and our depth of resources and breadth of experience will create value for our client and support their success throughout the project."

Project work is under way and will be performed from Fluor's Houston office with assistance from its Philippines offices.

About Fluor Corporation

For more than 100 years, Fluor Corporation (NYS: FLR) has partnered with its clients to design, build and maintain many of the world's most challenging and complex capital projects. Through its global network of offices on six continents, more than 41,000 employees provide comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, fabrication, operations, maintenance and project management. Today, the company serves a global client base in the energy, chemicals, government, industrial, infrastructure, operations & maintenance, manufacturing & life sciences, mining, power and transportation sectors. Headquartered in Irving, Texas, Fluor ranks 110 on the FORTUNE 500 list and had revenue of $27.6 billion in 2012. For more information, visit www.fluor.com and follow us on Twitter at @FluorCorp.

Fluor Corporation
Media Relations
Keith Stephens, 469-398-7624
Brian Mershon, 469-398-7621
Investor Relations
Ken Lockwood, 469-398-7220
Jason Landkamer, 469-398-7222

KEYWORDS:   United States  North America  Texas


The article Fluor and JGC Joint Venture Awarded EPC Contract by Chevron Phillips Chemical for Gulf Coast Petrochemicals Project in Texas originally appeared on Fool.com.

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