IRVING, Texas (December 16, 2024) –Fluor Corporation (NYSE: FLR) announced today that Engineering News-Record, a leading engineering and construction industry publication, has recognized Fluor as the 2024 Global Best Project in the Power/Industrial category for its work on Albemarle’s Meishan lithium hydroxide facility in China.
Fluor’s scope, working collaboratively with two Chinese design institutes, included the engineering/design, procurement and construction management (EPCM) of two, 25,000 tonnes per annum trains to produce lithium for the electric vehicle market. The facility produces enough lithium to power more than 1.5 million new electric vehicles annually, reducing carbon dioxide emissions by more than 100 million tonnes within the battery life cycle.
“This landmark project was completed safely, ahead of schedule and below budget, meeting its product quality and customer qualifications within just three months,” said Mike Alexander, Group President of Fluor’s Energy Solutions business. “It stands as a true embodiment of Fluor’s core values of safety, teamwork, integrity and excellence. I commend the project team for their unwavering commitment to safely deliver this world-class facility with quality, delivery certainty and execution excellence for our client.”
With speed to market, lower capital intensity, lower product cost and improved sustainability, the facility produces some of the world’s most sustainable and highest quality products.
Over the course of the project, more than 16 million work hours were executed with zero lost-time hours. Project execution included 3,600 pieces of equipment installed; 12,000 tonnes of structural steel erected; 129,000 cubic meters of concrete poured, and 2.5 million meters of cable pulled.
The total duration of the EPCM phase of the project was 20 months, achieving records for both Albemarle and Fluor for similar scale projects.
Engineering News-Record selected winners through a pool of industry experts that examined and analyzed the safety performance, innovations, teamwork and excellence of 120 projects, the most entries the publication has ever received. From these 120 entries, 35 projects located in 19 countries were selected as the most outstanding – illustrating the risks, rewards and hurdles overcome when designing and building internationally.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s nearly 34,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $15.5 billion in 2023 and is ranked 265 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement and construction services for more than a century. For more information, please visit www.fluor.com or follow Fluor on Facebook, Instagram, LinkedIn, Xand YouTube.
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