Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Fluor Awarded Front-End Engineering and Design Contract for LanzaTech Sustainable Aviation Fuel Facility

BusinessWire_EN 
0 0 02.08.23
Fluor Awarded Front-End Engineering and Design Contract for LanzaTech Sustainable Aviation Fuel Facility: http://s3-eu-west-1.amazonaws.com/sharewise-dev/attachment/file/24458/Logo_FLUOR.svg.png
 

Fluor Corporation (NYSE: FLR) announced today that it has been awarded a contract by LanzaTech UK Limited to provide front-end engineering and design (FEED) services for one of the United Kingdom’s (UK) first planned commercial sustainable aviation fuel (SAF) facilities in Port Talbot, Wales. Fluor recognized the award in the second quarter of 2023.

Fluor will help advance LanzaTech’s Project DRAGON – which stands for Decarbonizing and Reimagining Aviation for the Goal of Netzero – to convert locally derived waste gases to ethanol. The ethanol can then be converted into SAF, meeting the UK government’s mandate that at least 10% of jet fuel should be made from sustainable feedstock by 2030.

“Decarbonizing aviation fuel will aid the aviation industry in meeting its net zero carbon emission goals,” said Jim Breuer, group president of Fluor’s Energy Solutions business. “We are confident that Fluor’s renewable fuels expertise paired with LanzaTech’s carbon capture and utilization technology can help accelerate the energy transition in this important sector.”

SAF can reduce carbon dioxide emissions by up to 80% when compared with conventional fossil jet fuel.

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 40,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $13.7 billion in 2022 and is ranked 303 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement and construction services for more than 110 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube.

#EnergySolutions

View source version on businesswire.com: https://www.businesswire.com/news/home/20230802299433/en/

Fluor Corp. Stock

€41.30
-0.960%
The price for the Fluor Corp. stock decreased slightly today. Compared to yesterday there is a change of -€0.400 (-0.960%).
Currently there is a rather positive sentiment for Fluor Corp. with 5 Buy predictions and 0 Sell predictions.
With a target price of 42 € there is a slightly positive potential of 1.69% for Fluor Corp. compared to the current price of 41.3 €.
Show more
Like: 0
Share
BusinessWire_EN 
Business Wire, a Berkshire Hathaway company, is the global leader in press release distribution and regulatory disclosure. Investor relations, public relations, public policy and marketing professionals rely on Business Wire for secure and accurate distribution of market-moving news and multimedia.

Legal notice

Comments

Not a member yet? Sign up for free!