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Fluor Finishes Construction of Dow Chemical’s Ethylene Production Facility on Schedule

Thursday, March 30, 2017 4:04 pm EDT

Dateline:

IRVING, Texas

Public Company Information:

NYSE:
FLR
US3434121022
"This project was successful because of the strong partnership and collaboration between Dow and Fluor"

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that it has safely finished the mechanical construction of The Dow Chemical Company’s (NYSE: DOW) new ethylene production facility in Freeport, Texas on schedule.

Fluor provided engineering, procurement and construction services on the 1.5-million-ton-per-year light-hydrocarbon cracker, which can use both ethane and propane as feedstock. The ethylene produced by the facility will be used as a building block for many of Dow’s industry-leading performance plastics products.

After receiving the contract award in 2013, construction began in 2014, with more than 3,000 Fluor craft employees and subcontractors onsite at peak to deliver the project on schedule. The project also achieved more than 5 million consecutive work hours without a lost-time incident.

In support of craft workforce development, Fluor partnered with area community colleges and high schools to encourage pursuit of construction careers and performed more than 2,300 craft performance assessments and evaluations throughout the project.

“This project was successful because of the strong partnership and collaboration between Dow and Fluor,” said Mark Fields, president of Fluor’s Energy & Chemicals business in the Americas. “The joint team focused on continuous improvement throughout the project achieving world-class productivity and welding quality. The project was completed safely and on schedule. We are proud to complete this important project with Dow to enable them to take advantage of the area’s shale gas resources and grow their key downstream businesses.”

In addition to the ethane cracker, Fluor was also responsible for a 750,000-ton-per-year propane dehydrogenation unit, which was completed in 2015. Dow’s Freeport, Texas complex is the largest integrated chemical manufacturing complex in the Western hemisphere.

Fluor is an industry leader in the engineering, procurement, fabrication, construction and maintenance of petrochemical facilities globally. Including the Dow ethylene production facility, Fluor is supporting the construction of three ethane crackers on the U.S. Gulf Coast that will produce 4.5 million tons of ethylene annually.

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 its clients by delivering innovative and integrated solutions across the globe. With headquarters in Irving, Texas, Fluor ranks 155 on the FORTUNE 500 list with revenue of $19 billion in 2016 and has more than 60,000 employees worldwide. For more information, please visit www.fluor.com or follow us on Twitter @FluorCorp.

Contact:

Fluor Corporation
Media Relations
Brian Mershon, 469-398-7621
or
Brett Turner, 864-281-6976
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Investor Relations
Geoff Telfer, 469-398-7070
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Jason Landkamer, 469-398-7222

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