ICA Fluor to Build $1 Billion Refining Facility in Mexico
January 11 2016 - 7:38AM
Business Wire
Fluor Corporation (NYSE:FLR) announced today that ICA Fluor, its
industrial engineering and construction joint venture with Empresas
ICA, S.A.B. de C.V. (BMV and NYSE: ICA), was authorized by Pemex
Transformación Industrial (Pemex) to proceed with the engineering,
procurement and construction (Phase II) of the Madero Clean Diesel
project at the Madero Refinery in Tamaulipas, Mexico. Fluor booked
its $500 million share of the contract in the fourth quarter of
2015.
ICA Fluor will provide detailed engineering, procurement,
construction, commissioning and start-up services for two
25,000-barrel-per-day diesel hydrodesulfurization trains and
associated facilities. The project also includes installation of
new hydrogen, sulfur recovery and sour water treatment plants, the
revamp of the existing diesel hydrodesulfurization unit, and
offsites and utilities to integrate the new production facility
with the existing refinery. The project is scheduled to be
completed in the first quarter of 2018.
The project is part of Pemex’s clean fuels program, its
comprehensive development and modernization program, and is
designed to increase Mexico’s production of ultra-low sulfur diesel
in accordance with applicable environmental standards.
“We are very pleased with the performance of ICA Fluor, and this
award by Pemex demonstrates the trust and confidence in our joint
venture to successfully execute this very significant clean fuels
project at the Madero refinery,” said Peter Oosterveer, Fluor’s
chief operating officer. “Fluor and ICA Fluor remain fully
committed to Pemex and our other clients in the Mexican
market.”
About ICA Fluor
ICA Fluor is the leading industrial engineering-construction
company in Mexico, dedicated to the engineering, procurement,
construction and maintenance of industrial facilities in the oil
and gas, chemical, petrochemical, automotive, power, mining and
telecommunication industries.
About ICA
Empresas ICA, S.A.B. de C.V. is Mexico's largest infrastructure
company. ICA carries out large-scale civil and industrial
construction projects and operates a portfolio of long-term assets,
including airports, toll roads, water systems and real estate.
Founded in 1947, ICA is listed on the Mexican and New York Stock
exchanges. For more information, visit www.ica.com.mx/ir.
About Fluor Corporation
Fluor Corporation (NYSE:FLR) is a global engineering and
construction firm that designs and builds some of the world's most
complex projects. The company creates and delivers innovative and
integrated solutions for its clients in engineering, procurement,
fabrication, construction, maintenance and project management on a
global basis. For more than a century, Fluor has served clients in
the energy, chemicals, government, industrial, infrastructure,
mining and power market sectors. Headquartered in Irving, Texas,
Fluor ranks 136 on the FORTUNE 500 list. With 40,000 employees
worldwide, the company's revenue for 2014 was $21.5 billion. Visit
Fluor at www.fluor.com and follow on Twitter @FluorCorp.
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Fluor CorporationMedia Relations:Brian Mershon,
469-398-7621orBrett Turner, 864-281-6976orInvestor Relations:Geoff
Telfer, 469-398-7070orJason Landkamer, 469-398-7222
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