Fluor at Work on $31 Billion in Chemical Projects

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Researched by Industrial Info Resources (Sugar Land, Texas)--On September 9, Fluor Corporation (NYSE:FLR) (Irving, Texas) announced the completion of mechanical construction scope of work on a world-scale ethylene glycol (EG) plant in Oyster Creek, Texas, noting it was the company's fifth major construction project in the area over the past seven years. The engineering giant still has plenty more active Chemical Processing Industry projects in the works across the globe. Industrial Info is tracking more than $31 billion worth of such projects that involve Fluor.

Click on the image at right for a graph showing Fluor chemical project activity by world region.

Fluor's scope of work on the 750,000 ton/year MEGlobal Americas Incorporated (Midland, Michigan) EG project included the installation of equipment, steel and piping for the process unit. The plant is the first of its kind in the U.S. for MEGlobal, a subsidiary of EQUATE Petrochemical Company (Kuwait), which is a joint venture between Dow Chemical (NYSE:DOW) (Midland, Michigan) and Petrochemical Industries Company (PIC) (Kuwait). The EG unit is located next to Dow's Oyster Creek plant site. For more information, see Industrial Info's project report.

"With a growing global market for EG products, it will provide us with greater flexibility to satisfy our customers' needs while capitalizing on the U.S. shale gas opportunity," EQUATE Chief Executive Officer Ramesh Ramachandran said in a press release. "This site builds on our global footprint and is part of our strategy to grow our value-added business as a leading ethylene glycol producer and supplier."

In the U.S., Industrial Info is tracking more than $18 billion worth of chemical capital project activity that involves Fluor.

In Channelview, Texas, Fluor is performing engineering and procurement for LyondellBasell Industries NV's (NYSE:LYB) (Houston, Texas) propylene oxide (PO)/tertiary butyl alcohol (TBA) unit addition. Following its planned completion in first-quarter 2021, the unit will be able to produce 1 billion pounds per year of PO and 2.2 billion pounds per year of TBA. For more information, see Industrial Info's project report.

Fluor also is providing engineering and procurement for LyondellBasell's oxyfuels unit at its Bayport Propylene Glycol BLO site in Pasadena, Texas. It would complement the PO/TBA project in Channelview, and would produce methyl tertiary butyl ether (MTBE) and ethyl tertiary butyl ether (ETBE) following its planned completion in mid-2021. For more information, see Industrial Info's project report.

For more information on Fluor, see August 8, 2019, article - Fluor's Outlook Turns Gloomy as it Tackles $188 Billion Worth of Projects.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.