Fluor Corporation to Design and Manage Olefins Complex in Kuwait
Fluor Corporation announced that it has signed a memorandum of understanding with a joint venture of Dow Chemical Company and Petrochemical Industries Company (PIC) to provide utility and infrastructure front-end engineering and overall project management consultancy services for a major petrochemical project in Kuwait. Value to Fluor of the front-end work was not disclosed and was booked in the company's third quarter.
The billion-plus dollar, integrated petrochemical complex, known as the Olefins II Program, will be located approximately 25 miles south of Kuwait City in Shuaiba. It will include construction of an 850,000-tons-per-year cracker, a 600,000-tons-per-year ethylene glycol unit, a 50,000-tons-per-year ethyl benzene/styrene monomer unit and a debottleneck expansion of an additional 225,000 tons per year of polyethylene capacity at the existing complex. The completed facility will double the capacity at the existing olefins complex.
"Our entire organization is pleased to undertake such an important project," says Henry Van Dyke, a president responsible for chemicals projects within Fluor's Industrial group. "We look forward to working with our clients to help them meet the program's goals."
Work will be executed by employees in Fluor's Haarlem, the Netherlands, office, who will work closely with personnel from various technology licensor offices.
Groundbreaking is scheduled for early 2005, with completion expected in 2007.
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