Fluor Awarded Contract for Front-End Engineering and Design of Carbon Capture and Storage Solution at Heidelberg Materials Facility in Germany
Fluor (NYSE: FLR) has secured a Front-end Engineering and Design (FEED) contract for Heidelberg Materials' GeZero project in Geseke, Germany. The project aims to integrate an industrial-scale carbon capture and storage solution into a cement production facility. The design will incorporate second generation advanced Oxyfuel technology to capture 700,000 tonnes of CO₂ annually, which will be transported to offshore storage sites in the North Sea.
Construction is scheduled to begin in 2026 with commissioning planned three years later. The contract value, while undisclosed, will be recognized in the fourth quarter of 2024.
Fluor (NYSE: FLR) ha ottenuto un contratto per la progettazione e ingegneria preliminare (FEED) per il progetto GeZero di Heidelberg Materials a Geseke, Germania. Il progetto mira a integrare una soluzione di cattura e stoccaggio del carbonio su scala industriale in un impianto di produzione di cemento. Il design includerà tecnologia Oxyfuel avanzata di seconda generazione per catturare 700.000 tonnellate di CO₂ all'anno, che saranno trasportate verso siti di stoccaggio offshore nel Mare del Nord.
La costruzione è prevista per iniziare nel 2026, con la messa in servizio prevista tre anni dopo. Il valore del contratto, sebbene non divulgato, sarà registrato nel quarto trimestre del 2024.
Fluor (NYSE: FLR) ha asegurado un contrato de ingeniería y diseño front-end (FEED) para el proyecto GeZero de Heidelberg Materials en Geseke, Alemania. El proyecto tiene como objetivo integrar una solución de captura y almacenamiento de carbono a escala industrial en una instalación de producción de cemento. El diseño incorporará tecnología Oxyfuel avanzada de segunda generación para capturar 700,000 toneladas de CO₂ anualmente, que serán transportadas a sitios de almacenamiento en alta mar en el Mar del Norte.
La construcción está programada para comenzar en 2026, con la puesta en marcha prevista tres años después. El valor del contrato, aunque no se ha divulgado, se reconocerá en el cuarto trimestre de 2024.
플루어 (NYSE: FLR)는 독일 게제크에 있는 하이델베르크 머티리얼즈의 GeZero 프로젝트를 위한 프론트 엔드 엔지니어링 및 디자인 (FEED) 계약을 체결했습니다. 이 프로젝트는 산업 규모의 탄소 포집 및 저장 솔루션을 시멘트 생산 시설에 통합하는 것을 목표로 합니다. 설계는 2세대 고급 산소 연료 기술을 포함하여 연간 70만 톤의 CO₂를 포집하고, 이를 북해의 해상 저장 장소로 운송할 예정입니다.
건설은 2026년에 시작될 예정이며, 3년 후 가동이 계획되어 있습니다. 계약의 가치는 공개되지 않았지만 2024년 4분기에 인식될 것입니다.
Fluor (NYSE: FLR) a obtenu un contrat d'ingénierie et de conception préliminaire (FEED) pour le projet GeZero de Heidelberg Materials à Geseke, en Allemagne. Ce projet vise à intégrer une solution de captage et de stockage du carbone à l'échelle industrielle dans une installation de production de ciment. La conception incorporera la technologie Oxyfuel avancée de deuxième génération pour capturer 700 000 tonnes de CO₂ par an, qui seront transportées vers des sites de stockage offshore en mer du Nord.
La construction devrait commencer en 2026, avec une mise en service prévue trois ans plus tard. La valeur du contrat, bien que non divulguée, sera reconnue au quatrième trimestre de 2024.
Fluor (NYSE: FLR) hat einen Vertrag für die Front-End-Engineering- und Design (FEED)-Phase für das GeZero-Projekt von Heidelberg Materials in Geseke, Deutschland, gesichert. Das Projekt zielt darauf ab, eine industrielle Lösung zur Kohlenstoffabscheidung und -speicherung in eine Zementproduktionsanlage zu integrieren. Das Design wird fortschrittliche Oxyfuel-Technologie der zweiten Generation beinhalten, um jährlich 700.000 Tonnen CO₂ abzuscheiden, die dann zu Offshore-Speicherstandorten in der Nordsee transportiert werden.
Der Bau soll 2026 beginnen, mit einer Inbetriebnahme drei Jahre später. Der Vertragswert, der nicht offengelegt wurde, wird im vierten Quartal 2024 anerkannt.
- Secured new FEED contract for major carbon capture project
- Contract value to be recognized in Q4 2024
- Project aligns with growing decarbonization market opportunities
- None.
Insights
The FEED contract for Heidelberg Materials' GeZero project represents a significant strategic win for Fluor in the growing carbon capture and storage (CCS) market. The project's scale is substantial, targeting 700,000 tonnes of CO₂ capture annually, positioning it as a major industrial decarbonization initiative in Europe.
The project's timeline, with construction starting in 2026 and a three-year commissioning period, indicates a long-term revenue stream potential. While the contract value remains undisclosed, FEED contracts typically range from
The GeZero project employs advanced second-generation Oxyfuel technology, representing cutting-edge CCS implementation in the cement industry, which is responsible for
The project's connection to North Sea storage infrastructure indicates strong commercial viability, leveraging existing carbon storage networks. This alignment with EU's decarbonization goals and infrastructure plans suggests potential for similar contracts in the region, as cement producers face increasing pressure to reduce emissions under tightening regulations.
A rendering of Heidelberg Materials’ cement production facility in Geseke,
“GeZero is a flagship project for the decarbonization strategy of Heidelberg Materials and Fluor is excited to assist with this pioneering technology,” said Mike Alexander, Group President of Fluor’s Energy Solutions business. “Carbon capture and permanent storage is crucial in meeting sustainability goals.”
Fluor will be responsible for design integration of several decarbonization technologies at the Geseke cement production facility. Construction is planned to start in 2026, with commissioning three years later.
Based on state-of-the-art second generation advanced Oxyfuel technology, Heidelberg Materials’ project aims to capture 700,000 tonnes of CO₂ annually. Once captured, the CO₂ will be transported to offshore storage sites in the North Sea via pipeline or ship, where it will be permanently and safely stored.
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 nearly 34,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of
#EnergySolutions
View source version on businesswire.com: https://www.businesswire.com/news/home/20241204614714/en/
Brett Turner
Media Relations
864.281.6976
Jason Landkamer
Investor Relations
469.398.7222
Source: Fluor Corporation
FAQ
What is the GeZero project contract awarded to Fluor (FLR)?
How much CO2 will the Fluor (FLR) designed GeZero project capture annually?
When will construction begin on Fluor's (FLR) GeZero project in Germany?
