Fluor Corporation (NYSE: FLR) has been awarded a Front-End Engineering and Design (FEED) contract by Heidelberg Materials for its GeZero project, which aims to integrate a large-scale carbon capture and storage solution into its cement production facility in Geseke, Germany. The contract’s undisclosed value will be recognized in Fluor’s financial results in the fourth quarter of 2024.
The GeZero project is a key initiative in Heidelberg Materials’ strategy to decarbonize its operations. Fluor will play a critical role by assisting with the design integration of several decarbonization technologies at the Geseke cement facility. The construction phase of the project is scheduled to begin in 2026, with commissioning expected to follow three years later.
“We are excited to support Heidelberg Materials with this pioneering carbon capture and storage technology,” said Mike Alexander, Group President of Fluor’s Energy Solutions business. “The GeZero project is an important step toward achieving carbon neutrality, and carbon capture plays a vital role in meeting global sustainability goals.”
The GeZero project will utilize cutting-edge second-generation advanced Oxyfuel technology to capture an estimated 700,000 tonnes of CO₂ annually. Once the carbon dioxide is captured, it will be transported to offshore storage sites in the North Sea via pipelines or ships, where it will be securely and permanently stored. This method is considered a key solution in reducing industrial emissions and mitigating climate change.
Fluor’s expertise in engineering and design will be crucial for the success of this project, which is part of the company’s growing portfolio of sustainability-focused initiatives. The integration of carbon capture technologies aligns with Fluor’s commitment to providing innovative solutions that support clients in their efforts to meet environmental and sustainability targets.
About Fluor Corporation: Fluor Corporation (NYSE: FLR) is a global leader in delivering engineering, procurement, and construction services to clients in industries such as energy, chemicals, infrastructure, and mining. With approximately 34,000 employees, Fluor has a long history of delivering safe, cost-effective projects that meet the highest standards. In 2023, the company generated $15.5 billion in revenue and is ranked 265th among Fortune 500 companies. Headquartered in Irving, Texas, Fluor has provided engineering, procurement, and construction services for over a century.
