IRVING, Texas--(BUSINESS WIRE)--Oct 5, 2023--
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.
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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.
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KEYWORD: TEXAS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: CHEMICALS/PLASTICS ALTERNATIVE ENERGY ENERGY GREEN TECHNOLOGY MANUFACTURING SUSTAINABILITY TECHNOLOGY OTHER NATURAL RESOURCES ENVIRONMENT NATURAL RESOURCES OTHER TECHNOLOGY SCIENCE OTHER ENERGY OTHER SCIENCE ENGINEERING
SOURCE: Fluor Corporation
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PUB: 10/05/2023 04:02 PM/DISC: 10/05/2023 04:03 PM
http://www.businesswire.com/news/home/20231005543202/en
