Fluor Selected to Provide Front-End Engineering and Design for Low-Carbon Blue Ammonia Facility

Rhea-AI Summary

Fluor Corporation awarded contract for low-carbon blue ammonia production facility

Positive

• First commercial-scale application of 8 Rivers' ultra-low-carbon technology
• More than 99% of carbon dioxide generated will be captured
• Breakthrough hydrogen technologies critical for decarbonization goals

Negative

• None.

First commercial-scale application of 8 Rivers’ ultra-low-carbon technology

IRVING, Texas--(BUSINESS WIRE)-- Fluor Corporation (NYSE: FLR) announced today that it has been awarded a contract for front-end engineering and design (FEED) and procurement services by Cormorant Clean Energy, LLC – a subsidiary of 8 Rivers Capital, LLC – for the construction of a low-carbon blue ammonia production facility. The contract will be recognized in the third quarter of 2023.

The Cormorant team poses in front of Fluor's Aliso Viejo, California office. (Photo: Business Wire)

Once constructed, the facility will be the first commercial-scale application of 8 Rivers’ 8RH2 ultra-low-carbon hydrogen production technology. The hydrogen produced will be converted into ammonia that can be easily stored and transported until it is ‘cracked’ back into hydrogen after reaching its end user. The facility’s ammonia will be considered ‘blue’ because more than 99% of the carbon dioxide generated will be captured as part of the process.

“Breakthrough hydrogen technologies are critical to addressing the global demand for ultra-low-carbon hydrogen and the production of hydrogen derivatives such as ammonia, methanol and sustainable aviation fuels,” said Jim Breuer, group president of Fluor’s Energy Solutions business segment. “We thank 8 Rivers and Cormorant Clean Energy for trusting Fluor to help reach their decarbonization goals.”

Fluor will be responsible for FEED services of the entire facility including process units; utilities and offsites; buildings and roads. The project includes multiple licensed technology units which Fluor will develop deliverables for using process design packages from the licensors.

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 40,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $13.7 billion in 2022 and is ranked 303 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement and construction services for more than 110 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20231005543202/en/

Brett Turner

Media Relations

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Jason Landkamer

Investor Relations

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Source: Fluor Corporation

FAQ

What is the contract awarded to Fluor Corporation for?

The contract is for the construction of a low-carbon blue ammonia production facility.

What is unique about the facility?

It will be the first commercial-scale application of 8 Rivers' ultra-low-carbon hydrogen production technology.

How will the carbon dioxide generated be managed?

More than 99% of carbon dioxide generated will be captured as part of the process.

Why are breakthrough hydrogen technologies important?

They are critical for addressing the global demand for ultra-low-carbon hydrogen and the production of hydrogen derivatives.