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ICA Fluor to Build $1.3 Billion Coker Plant in Mexico

 

PM INDUSTRY NEWS

3 December 2014 – Irving, Texas, USA – Fluor Corporation has announced that its ICA Fluor industrial engineering-construction joint venture with Empresas ICA, S.A.B. de C.V. (BMV and NYSE: ICA) signed a contract with Pemex Refinación for the construction of the delayed coker unit that will be installed at the Miguel Hidalgo Refinery in Tula, Hidalgo, Mexico. The total contract value is $1.3 billion, and Fluor will book its $650 million share of the contract in the fourth quarter of 2014.

141203-pmwj30-mexico-IMAGEICA Fluor was awarded a contract for Phase I of the Residue Recovery Project for the Miguel Hidalgo Refinery in 2013. This Phase II contract involves providing detailed engineering, procurement and construction (EPC) services for the 86,000-barrels-per-day capacity plant. It is the first package to be converted to the EPC stage under the open book established in the Phase I contract. The mechanical completion of the project is scheduled for the second quarter of 2018.

“This project is a major step in the modernization of Mexico’s oil processing facilities,” said Juan Carlos Santos Fernandez, director general of ICA Fluor. “We are proud to be in the position to support Pemex with our Mexican engineering and construction resources to advance the key goals set forth in its strategic plan.”

ICA Fluor is the leading industrial engineering-construction company in Mexico, dedicated to the engineering, procurement, construction and maintenance of industrial facilities in the oil and gas, chemical, petrochemical, automotive, power, mining and telecommunication industries.

Empresas ICA, S.A.B. de C.V. is Mexico’s largest infrastructure company. ICA carries out large-scale civil and industrial construction projects and operates a portfolio of long-term assets, including airports, toll roads, water systems, and real estate. Founded in 1947, ICA is listed on the Mexican and New York Stock exchanges. www.ica.com.mx

Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the world’s most challenging and complex projects. Through its 40,000 employees and offices on six continents, the company provides world-class expertise in engineering, procurement, construction, commissioning, operations, and maintenance, and program and project management. Founded in 1912 and headquartered in Irving, Texas, USA, Fluor had revenues of $27.4 billion in 2013. For more information, go to www.fluor.com

Source: Fluor Corporation