Fluor has been selected by The Dow Chemical Company to execute an engineering, procurement and construction management (EPCM) contract for a propylene production asset project.
This contract has been awarded to Flour, who set the stage for the EPCM project with the completion of the front-end engineering and design (FEED) contract.
The project is currently under way and slated for mechanical completion in 2015. With support from its Philippines operations, Fluor’s Houston operations center is heading this project. At the peak of the project, it is estimated that about 1,600 home office, craft and construction management personnel will be involved.
The President of Fluor’s Energy & Chemicals Group, Peter Oosterveer said that the shale gas price is attractive and has caused a significant rebound in the United States’ petrochemical sector. The company is looking forward to help Dow, who is a long-time customer.
A few months back, Fluor and Dow announced a Strategic Global Engineering, Construction, Procurement and Construction Management Agreement that would support all capital projects programs that cover Dow products. These projects also include potential new projects all over the world.
Fluor is known for designing, building and maintaining some of the most challenging projects in the world. The company has a global network with offices in six continents, providing expertise in engineering, procurement, operations, construction, commissioning, maintenance and project management. F luor is a FORTUNE 200 company. In 2011, it generated an income of $23.4 billion. The company is headquartered in Irving, Texas
Source: http://www.fluor.com