Fluor Corporation has been awarded an engineering, procurement and construction management (EPCM) contract by The Dow Chemical Company for a propylene production asset project in Freeport, Texas. Fluor successfully completed the front-end engineering and design (FEED) contract thereby setting the stage for this next-phase EPCM project award. Fluor will book the undisclosed value in the third quarter. The project is under way with estimated mechanical completion by 2015.
"Fluor is excited to be the EPCM contractor for the successful execution and completion of this project," said Peter Oosterveer, president of Fluor's Energy & Chemicals Group. "The U.S. is experiencing a significant rebound in the petrochemical sector due to the attractive price of shale gas and we look forward to helping our long-time customer Dow realize this important project."