Minatitlan and Salina Cruz Refineries Undergo EPC Expansions
IRVING, Texas--(BUSINESS WIRE)--ICA Fluor, the industrial construction joint venture of Empresas ICA, S.A.B de C.V. (BMV and NYSE: ICA) and Fluor Corporation (NYSE: FLR), announced today that Mexico’s state oil company, PEMEX Refining, has awarded the company engineering, procurement and construction (EPC) contracts for two low-sulfur gasoline projects in Mexico valued at $622 million as part of its clean fuels program. Fluor will book its $311 million portion of the award in the first quarter of 2010.
ICA Fluor is responsible for the EPC, testing and start-up that includes the installation of the catalytic gasoline desulfurization plants, the amine regeneration units, offsites, utilities and integration for PEMEX’s existing Gral. Lazaro Cárdenas del Río Refinery in Minatitlan, Veracruz, and the Antonio Dovali Jaime Refinery located in Salina Cruz, Oaxaca.
Both the Minatitlan and Salina Cruz refinery projects each include 25,000 barrel-per-day catalytic distillation trains, the associated amine regeneration units, flare and all ancillary facilities. The work is scheduled to be completed in mid-2013.
PEMEX’s clean fuels program is part of the comprehensive development and modernization of PEMEX Refining designed to increase Mexico’s production of ultra low-sulfur gasoline in accordance with the applicable environmental standards. “The Mina and Salina Cruz projects provide ICA Fluor with the opportunity to maintain its installed capacity while supporting PEMEX in advancing the key goals set forth in the recently approved Energy Reform bill, which includes environmental responsibility and development of engineering capabilities in Mexico,” said Juan Carlos Santos, director general of ICA Fluor.
About ICA Fluor
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.
About Empresas ICA
Empresas ICA, S.A.B. de C.V. was founded in 1947. ICA’s principal lines of business are civil and industrial construction and engineering; housing; and infrastructure operations, including airports, toll roads, and municipal services. For more information please visit www.ica.com.mx.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the world's most challenging and complex projects. Through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenues of $22 billion in 2009. For more information visit www.fluor.com.
Fluor CorporationMedia RelationsKeith Stephens, 469-398-7624orBrian Mershon, 469-398-7621orInvestor RelationsKen Lockwood, 469-398-7220orJason Landkamer, 469-398-7222