Fluor’s Econamine FG PlusSM Carbon Capture Technology Selected to Reduce CO2 Emissions at Chevron Facility
February 06 2024 - 4:06PM
Business Wire
Technology expected to reduce emissions by
approximately 95%
Fluor Corporation (NYSE: FLR) announced today that Chevron New
Energies has signed a license agreement with Fluor to use its
proprietary Econamine FG PlusSM carbon capture technology to reduce
carbon dioxide (CO2) emissions at Chevron’s Eastridge Cogeneration
facility in Kern County, California. Fluor recognized the
undisclosed license award in the fourth quarter.
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Fluor’s Econamine FG Plus carbon capture
technology expected to reduce CO2 emissions at Chevron facility by
approximately 95% (Photo: Business Wire)
“We are pleased to help Chevron achieve their CO2 reduction
goals through the use of our carbon capture technology,” said Jim
Breuer, Group President of Fluor’s Energy Solutions business
segment. “We are seeing significant activity across the globe in
carbon capture and are pleased to employ our Econamine FG Plus
technology to this important project.”
When installed, Fluor’s carbon capture solution is expected to
reduce the Eastridge facility’s carbon emissions by approximately
95%. As part of the licensing agreement, Fluor will develop a
process design package, supply proprietary equipment and provide
technical support services throughout various stages of the
project.
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
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Brett Turner Media Relations 864.281.6976
Jason Landkamer Investor Relations 469.398.7222
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