ICA Fluor part of joint venture for Mexico petrochemical complex

Source: Fluor Corporation

Fluor Corporation (NYSE: FLR) announced today that ICA Fluor, the industrial engineering partnership of Fluor and Empresas ICA (NYSE: ICA), is part of the joint venture that was awarded a multi-billion dollar engineering, procurement and construction contract by Braskem Idesa. The joint venture company, which includes Odebrecht, Technip and ICA Fluor, will design and build the new Etileno XXI petrochemical complex in the Mexican state of Veracruz. Fluor will book approximately $275 million into backlog in the fourth quarter of 2012.

The new petrochemical complex will include a 1 million ton-per-year ethylene cracker and two high density polyethylene plants. The joint venture project team will utilize several operating centers around the world to execute the project.

ICA Fluor was part of the team that performed front-end engineering for the offsites and facilities during 2011.


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