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Fluor Selected for Petrochemical Project Expansion in the Philippines
Public Company Information:
.@FluorCorp selected for petrochemical project expansion in the #PhilippinesTweet this
IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that it was awarded an engineering, procurement and construction management (EPCM) contract for the utilities, offsites and infrastructure scope of work for JG Summit’s petrochemical complex expansion in Batangas City, Philippines. Fluor booked the undisclosed contract value in the third quarter of 2017.
“JG Summit is the sole cracker operator in the Philippines and we are pleased to support their expansion program,” said Ken Choudhary, president of Fluor’s Energy & Chemicals business for the Asia-Pacific region. “This award is significant for Fluor as we further expand in the growing Asia-Pacific market.”
In addition to its EPCM scope for utilities, offsites and infrastructure, Fluor is providing program management services for the project. The project will primarily increase JG Summit’s ethylene production by 160,000 tons per year and its propylene production by 50,000 tons per year. The project also includes new and expanded downstream units.
The project is expected to be completed by the end of 2020.
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 149 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 Fluor on social media at Facebook, Twitter, LinkedIn and YouTube.
Brian Mershon, 469-398-7621
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