Fluor Eyes CCS, Critical Mineral Markets as Backlog Grows

August 7, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Fluor Corporation (NYSE:FLR) (Irving, Texas) has been listening to the world's energy developers and is responding with a slew of projects geared to the development of carbon capture and storage (CCS) and "critical minerals," which are among the fastest-growing markets in the global energy transition. Its engineering, procurement and construction (EPC) work in the U.S. alone shows where it is turning its attention.

Industrial Info is tracking more than $25.5 billion worth of active and proposed projects across the U.S. involving Fluor's services, including more than $11.5 billion worth that are under construction. One of Fluor's fastest-growing businesses is its Production & Fuels Energy Solutions segment, which offers EPC solutions for developers adopting CCS technology. Freeport-McMoRan Incorporated (NYSE:FCX) and Albemarle Corporation (NYSE:ALB) have hired Fluor to provide services for copper and lithium development projects, respectively.

Other companies featured: CarbonCapture Incorporated, Minnkota Power Cooperative and Babcock & Wilcox (NYSE:BW).