Fluor Signs Shanghai ADN Contract


EPC Work to Develop Shanghai Adiponitrile Plant for Invista

Industrial contractor Fluor has signed a construction contract with materials specialist Invista to develop a new adiponitrile plant in Shanghai, China.

The engineering, procurement and construction contract will cover breakbulk transport of equipment for the ADN plant, which is expected to have capacity to process 400 kilo-ton-per-annum of adiponitrile.
 
“Fluor has been providing engineering, procurement and construction solutions to clients in China for more than 40 years … With this award, our proud legacy in China continues and we look forward to supporting Invista’s efforts to expeditiously increase production of ADN with their company’s most-advanced technology to meet growing demand within China and globally,” said Mark Fields, group president of Fluor’s Energy & Chemicals business.


Shanghai Chemical Industry Park
 
The project is part of Invista’s development at the Shanghai Chemical Industry Park, and will compliment a recently completed 215 kilo-ton-per-annum hexamethylenediamine (HMD) plant and a 150 kilo-ton-per-annum nylon 6,6 polymer plant.

“We’re pleased to be working with Fluor to advance our ADN project in China. We’re excited about this project and are committed to maintaining an accelerated timeline—with completion planned in 2022,” said Bill Greenfield, president at Invista Intermediates.

The Industry Park is expected to be a major driver of breakbulk activity in the near term as Shanghai aims to increase capacity and improve the downstream capabilities of its chemical cluster.


Divestment Continues

Fluor recently announced its preliminary select financial results, comprising full year new awards for 2019 of US$12.6 billion.

Headquartered in Irving, Texas, Fluor is one of the largest EPC contractors globally and employs a staff of more than 53,000 globally. The group is in the midst of a major restructuring progr am that aims to divest US$1 billion in assets as the company refocuses on energy sector projects.

“In 2019 we started down the path of making tangible, actionable changes to our business strategy and structure to position Fluor for long-term success … We are excited about retaining this important and attractive asset that provides us exposure to long term clients, with less-cyclical projects, cost-reimbursable contracts and high cash flow potential all drive our company-wide focus on having an appropriate mix of risk in our backlog,” said Carlos Hernandez, CEO of Fluor.
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