Fluor to Provide Project Management Consultancy Services for BPCL’s Polyols Petrochemicals Project in India

01/28/20

IRVING, Texas & NEW DELHI--(BUSINESS WIRE)--Jan. 28, 2020-- Fluor Corporation (NYSE: FLR) announced today that it was awarded a project management consultancy services contract by Bharat Petroleum Corporation Limited (BPCL) for its Polyols Petrochemicals Project at its existing integrated refinery and petrochemicals complex in Kochi, Kerala, India. Fluor’s scope of work includes front-end engineering and design of both the inside and outside battery limits as well as detailed design, engineering, procurement and construction management services for the facility’s utilities and offsites. Fluor booked its portion of the undisclosed contract value in the fourth quarter of 2019.

“Fluor is honored to be selected as the project management consultant for BPCL’s prestigious polyols project in Kochi,” said Mark Fields, group president of Fluor’s Energy & Chemicals business. “We look forward to working with BPCL to deliver a world-class facility that will help meet growing domestic demand for polyols and reduce India’s dependence on petrochemicals imports.”

Six new process units will be built as part of this project and integrated into the existing refinery. New process units will include propylene oxide, propylene glycol, polyols, ethylene oxide/monoethylene glycol, ethylene recovery unit and a cumene unit.

When complete, the Kochi complex will produce propylene glycol, ethylene glycol and various grades of polyols based on 250 kilotonnes per annum of polymer grade propylene. Polyols are used for a variety of applications in the automobile, textile and furniture industries. They are also widely used in construction as insulation and sealants.

“BPCL is making major advancements at its Kochi Refinery to produce niche petrochemicals that are extensively imported into India to manufacture polyurethanes used in footwear, foam and other items,” said Mr. Murali Madhavan, executive director of BPCL’s Kochi Refinery. “We are happy that Fluor, an internationally reputed engineering and consultancy organization, has been selected as the project management consultant for the project.”

Fluor's New Delhi office will lead project execution with support provided by Fluor’s network of global experts.

About Fluor Corporation

Founded in 1912, Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company that transforms the world by building prosperity and empowering progress. Fluor serves its clients by designing, building and maintaining safe, well executed, capital-efficient projects around the world. With headquarters in Irving, Texas, Fluor ranks 164 on the Fortune 500 list with revenue of $19.2 billion in 2018 and has more than 53,000 employees worldwide. For more information, please visit www.fluor.com or follow Fluor on Facebook, Twitter, LinkedIn and YouTube.

Source: Fluor Corporation

Brian Mershon
Media Relations
469.398.7621

Jason Landkamer
Investor Relations
469.398.7222

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