FLR Fluor Corporation

Fluor Finishes Construction of Dow Chemical’s Ethylene Production Facility on Schedule

Fluor Corporation (NYSE: FLR) announced today that it has safely finished the mechanical construction of The Dow Chemical Company’s (NYSE: DOW) new ethylene production facility in Freeport, Texas on schedule.

Fluor provided engineering, procurement and construction services on the 1.5-million-ton-per-year light-hydrocarbon cracker, which can use both ethane and propane as feedstock. The ethylene produced by the facility will be used as a building block for many of Dow’s industry-leading performance plastics products.

After receiving the contract award in 2013, construction began in 2014, with more than 3,000 Fluor craft employees and subcontractors onsite at peak to deliver the project on schedule. The project also achieved more than 5 million consecutive work hours without a lost-time incident.

In support of craft workforce development, Fluor partnered with area community colleges and high schools to encourage pursuit of construction careers and performed more than 2,300 craft performance assessments and evaluations throughout the project.

“This project was successful because of the strong partnership and collaboration between Dow and Fluor,” said Mark Fields, president of Fluor’s Energy & Chemicals business in the Americas. “The joint team focused on continuous improvement throughout the project achieving world-class productivity and welding quality. The project was completed safely and on schedule. We are proud to complete this important project with Dow to enable them to take advantage of the area’s shale gas resources and grow their key downstream businesses.”

In addition to the ethane cracker, Fluor was also responsible for a 750,000-ton-per-year propane dehydrogenation unit, which was completed in 2015. Dow’s Freeport, Texas complex is the largest integrated chemical manufacturing complex in the Western hemisphere.

Fluor is an industry leader in the engineering, procurement, fabrication, construction and maintenance of petrochemical facilities globally. Including the Dow ethylene production facility, Fluor is supporting the construction of three ethane crackers on the U.S. Gulf Coast that will produce 4.5 million tons of ethylene annually.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company that designs, builds and maintains capital-efficient facilities for its clients on six continents. For more than a century, Fluor has served its clients by delivering innovative and integrated solutions across the globe. With headquarters in Irving, Texas, Fluor ranks 155 on the FORTUNE 500 list with revenue of $19 billion in 2016 and has more than 60,000 employees worldwide. For more information, please visit www.fluor.com or follow us on Twitter @FluorCorp.

EN
30/03/2017

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Fluor Corporation

Fluor Corporation - September 2025 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

MarketLine Department
  • MarketLine Department

HOCHTIEF Aktiengesellschaft - Mergers & Acquisitions (M&A), Partnershi...

Summary Marketline's HOCHTIEF Aktiengesellschaft Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by HOCHTIEF Aktiengesellschaft - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Allia...

Moody's Ratings announces completion of a periodic review of ratings o...

Moody's Ratings (Moody's) has completed a periodic review of the ratings of Fluor Corporation and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 18 August 2025 in which we reassessed the appropriateness of the ratings in the context o...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke
ACM AECOM
EME EMCOR GROUP ... (+19)

Vermilion Compass: Weekly Equity Strategy

More Breakouts and Risk-On Developments We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass). We will maintain our bullish intermediate-term outlook as long as market dynamics remain healthy and the SPX is above 5700-5785, though we believe there is a low probability that this level gets tested any time soon. Short-term supports on the SPX include the 20-day MA (currently 6233), 6200, 6100-6150, and 6028-605...

Fluor Corp: 2 directors

Two Directors at Fluor Corp sold after exercising options/sold 41,588 shares at between 52.115USD and 52.132USD. The significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the comp...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch