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 Selected to Provide Front-End Engineering and Design for Low-Carbon Blue Ammonia Facility

BusinessWire_EN 
0 0 05.10.23
Fluor Selected to Provide Front-End Engineering and Design for Low-Carbon Blue Ammonia Facility: https://mms.businesswire.com/media/20231005543202/en/1908629/5/AV20230122-004_DSC00054-Edit.jpg
 

Fluor Corporation (NYSE: FLR) announced today that it has been awarded a contract for front-end engineering and design (FEED) and procurement services by Cormorant Clean Energy, LLC – a subsidiary of 8 Rivers Capital, LLC – for the construction of a low-carbon blue ammonia production facility. The contract will be recognized in the third quarter of 2023.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231005543202/en/

The Cormorant team poses in front of Fluor's Aliso Viejo, California office. (Photo: Business Wire)

The Cormorant team poses in front of Fluor's Aliso Viejo, California office. (Photo: Business Wire)

Once constructed, the facility will be the first commercial-scale application of 8 Rivers’ 8RH2 ultra-low-carbon hydrogen production technology. The hydrogen produced will be converted into ammonia that can be easily stored and transported until it is ‘cracked’ back into hydrogen after reaching its end user. The facility’s ammonia will be considered ‘blue’ because more than 99% of the carbon dioxide generated will be captured as part of the process.

“Breakthrough hydrogen technologies are critical to addressing the global demand for ultra-low-carbon hydrogen and the production of hydrogen derivatives such as ammonia, methanol and sustainable aviation fuels,” said Jim Breuer, group president of Fluor’s Energy Solutions business segment. “We thank 8 Rivers and Cormorant Clean Energy for trusting Fluor to help reach their decarbonization goals.”

Fluor will be responsible for FEED services of the entire facility including process units; utilities and offsites; buildings and roads. The project includes multiple licensed technology units which Fluor will develop deliverables for using process design packages from the licensors.

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.

#Energy Solutions

View source version on businesswire.com: https://www.businesswire.com/news/home/20231005543202/en/

Fluor Corp. Stock

€35.88
0.060%
With only a change of €0.020 (0.060%) the Fluor Corp. price is nearly unchanged from yesterday.
Our community is currently high on Fluor Corp. with 5 Buy predictions and 0 Sell predictions.
As a result the target price of 42 € shows a slightly positive potential of 17.06% compared to the current price of 35.88 € for Fluor Corp..
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!