Published on 21 Apr 2023 on Zacks via Yahoo Finance
Fluor's (FLR) Econamine FG Plus Technology Selected by FCL
Fluor Corporation FLR is set to implement its Econamine FG Plus carbon capture technology for Federated Co-Operatives Limited’s (FCL) Co-op Renewable Diesel Complex in Regina, Saskatchewan, Canada. Fluor has entered into a licensed agreement with FCL for the same.The renewable diesel project of FCL is a portion of its $2 billion investment in the construction of an integrated agriculture complex, which is planned to be operational by 2027.Meanwhile, FLR received a contract from FCL for developing the process design package for this facility. This will assist FCL to meet its goal of reducing 40% greenhouse gas emissions by 2030.
Focus on Decarbonization Initiatives
Shares of FLR have increased 7.7% in the past year compared with the Zacks Engineering - R and D Services industry’s growth of 4.4%.