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Fluor Awarded Contract for Front-End Engineering and Design of Carbon Capture and Storage Solution at Heidelberg Materials Facility in Germany

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Fluor Awarded Contract for Front-End Engineering and Design of Carbon Capture and Storage Solution at Heidelberg Materials Facility in Germany
News

News

Fluor Awarded Contract for Front-End Engineering and Design of Carbon Capture and Storage Solution at Heidelberg Materials Facility in Germany

2024-12-04 21:56 Last Updated At:22:00

IRVING, Texas--(BUSINESS WIRE)--Dec 4, 2024--

Fluor Corporation (NYSE: FLR) announced today that it has signed a Front-end Engineering and Design (FEED) contract with Heidelberg Materials for its GeZero project to integrate an industrial-scale carbon capture and storage solution into its cement production facility in Geseke, Germany. Fluor will recognize the undisclosed contract value in the fourth quarter of 2024.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241204614714/en/

“GeZero is a flagship project for the decarbonization strategy of Heidelberg Materials and Fluor is excited to assist with this pioneering technology,” said Mike Alexander, Group President of Fluor’s Energy Solutions business. “Carbon capture and permanent storage is crucial in meeting sustainability goals.”

Fluor will be responsible for design integration of several decarbonization technologies at the Geseke cement production facility. Construction is planned to start in 2026, with commissioning three years later.

Based on state-of-the-art second generation advanced Oxyfuel technology, Heidelberg Materials’ project aims to capture 700,000 tonnes of CO₂ annually. Once captured, the CO₂ will be transported to offshore storage sites in the North Sea via pipeline or ship, where it will be permanently and safely stored.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s nearly 34,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $15.5 billion in 2023 and is ranked 265 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement and construction services for more than a century. For more information, please visit www.fluor.com or follow Fluor on Facebook, Instagram, LinkedIn, X and YouTube.

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A rendering of Heidelberg Materials’ cement production facility in Geseke, Germany. (Photo: Business Wire)

A rendering of Heidelberg Materials’ cement production facility in Geseke, Germany. (Photo: Business Wire)

RIYADH, Saudi Arabia (AP) — U.S. President Donald Trump opened his four-day Middle East trip on Tuesday by paying a visit to Saudi Arabia's de facto ruler, Crown Prince Mohammed bin Salman, for talks on U.S. efforts to dismantle Iran's nuclear program, end the war in Gaza, hold down oil prices and more.

Prince Mohammed warmly greeted Trump as he stepped off Air Force One at King Khalid International Airport in the Saudi capital and kicked off his Middle East tour.

The two leaders then retreated to a grand hall at the Riyadh airport, where Trump and his aides were served traditional Arabic coffee by waiting attendants wearing ceremonial gun-belts.

The pomp began before Trump even landed. Royal Saudi Air Force F-15s provided an honorary escort for Air Force One as it approached the kingdom’s capital.

Trump and Prince Mohammed also were taking part in a lunch at the Royal Court, gathering with guests and aides in an ornate room with blue accents and massive crystal chandeliers.

Several major business executives were invited to the event, including Blackstone Group CEO Stephen Schwarzman, BlackRock CEO Larry Fink, and Tesla and SpaceX CEO Elon Musk.

Musk is also leading the Department of Government Efficiency, a controversial second term effort tasked with slashing waste, fraud and abuse in the U.S. government.

Later, the crown prince will fete Trump with a formal dinner. Trump is also slated to take part Tuesday in a U.S.-Saudi investment conference.

“When Saudis and Americans join forces, very good things happen — more often than not, great things happen," Saudi Investment Minister Khalid al-Falih said.

Saudi Arabia and fellow OPEC+ nations have already helped their cause with Trump early in his second term by stepping up oil production. Trump sees cheap energy as a key component to lowering costs and stemming inflation for Americans. The president has also made the case that lower oil prices will hasten an end to the Russia-Ukraine war.

But Saudi Arabia's economy remains heavily dependent on oil, and the kingdom needs a fiscal break-even oil price of $96 to $98 a barrel to balance its budget. It's questionable how long OPEC+, of which Saudi Arabia is the leading member, is willing to keep production elevated. The price of a barrel of Brent crude closed Monday at $64.77.

“One of the challenges for the Gulf states of lower oil prices is it doesn’t necessarily imperil economic diversification programs, but it certainly makes them harder,” said Jon Alterman, a senior Middle East analyst at the Center for Strategic and International Studies in Washington.

Trump picked the kingdom for his first stop, because it has pledged to make big investments in the U.S., but Trump ended up traveling to Italy last month for Pope Francis’ funeral. Riyadh was the first overseas stop of his first term.

The three countries on the president's itinerary — Saudi Arabia, Qatar and the United Arab Emirates — are all places where the Trump Organization, run by Trump's two elder sons, is developing major real estate projects. They include a high-rise tower in Jeddah, a luxury hotel in Dubai and a golf course and villa complex in Qatar.

Trump is trying to demonstrate that his transactional strategy for international politics is paying dividends as he faces criticism from Democrats who say his global tariff war and approach to Russia’s war on Ukraine are isolating the United States from allies.

He’s expected to announce deals with the three wealthy countries that will touch on artificial intelligence, expanding energy cooperation and perhaps new arms sales to Saudi Arabia. The administration earlier this month announced initial approval to sell $3.5 billion worth of air-to-air missiles for Saudi Arabia’s fighter jets.

But Trump arrived in the Middle East at a moment when his top regional allies, Israel and Saudi Arabia, are far from neatly aligned with his approach.

Before the trip, Trump announced that Washington was halting a nearly two-month U.S. airstrike campaign against Yemen’s Houthis, saying the Iran-backed rebels have pledged to stop attacking ships along a vital global trade route.

The administration didn’t notify Israel — which the Houthis continue to target — of the agreement before Trump publicly announced it. It was the latest example of Trump leaving the Israelis in the dark about his administration’s negotiations with common adversaries.

In March, Israeli Prime Minister Benjamin Netanyahu wasn’t notified by the administration until after talks began with Hamas about the war in Gaza. And Netanyahu found out about the ongoing U.S. nuclear talks with Iran only when Trump announced them during an Oval Office visit by the Israeli leader last month.

“Israel will defend itself by itself,” Netanyahu said last week following Trump’s Houthi truce announcement. “If others join us — our American friends — all the better."

William Wechsler, senior director of the Rafik Hariri Center and Middle East Programs at the Atlantic Council, said Trump’s decision to skip Israel on his first Middle East visit is remarkable.

“The main message coming out of this, at least as the itinerary stands today, is that the governments of the Gulf ... are in fact stronger friends to President Trump than the current government of Israel at this moment,” Wechsler said.

Trump, meanwhile, hopes to restart his first-term effort to normalize relations between the Middle East’s major powers, Israel and Saudi Arabia. Trump’s Abraham Accords effort led to Sudan, the UAE, Bahrain and Morocco agreeing to normalize relations with Israel.

But Riyadh has made clear that in exchange for normalization it wants U.S. security guarantees, assistance with the kingdom’s nuclear program and progress on a pathway to Palestinian statehood. There seems to be scant hope for making headway on a Palestinian state with the Israel-Hamas war raging and the Israelis threatening to flatten and occupy Gaza.

Prince Mohammed last week notably hosted Palestinian Vice President Hussein Sheikh in Jeddah on the sheikh’s first foreign visit since assuming office in April.

Hussain Abdul-Hussain, a research fellow at the Foundation for Defense of Democracies, said the crown prince appeared to be subtly signaling to Trump that the kingdom needs to see progress on Palestinian statehood for the Saudis to begin seriously moving on a normalization deal with the Israelis.

“Knowing how the Saudis telegraph their intentions, that’s a preemptive, ‘Don’t even think of asking us to show any goodwill toward normalization,’” Abdul-Hussain said.

Madhani reported from Dubai, United Arab Emirates.

President Donald Trump walks with Saudi Crown Prince Mohammed bin Salman during an arrival ceremony at the Royal Terminal of King Khalid International Airport in Riyadh, Saudi Arabia, Tuesday, May 13, 2025

President Donald Trump walks with Saudi Crown Prince Mohammed bin Salman during an arrival ceremony at the Royal Terminal of King Khalid International Airport in Riyadh, Saudi Arabia, Tuesday, May 13, 2025

President Donald Trump arrives with Saudi Crown Prince Mohammed bin Salman for a coffee ceremony at the Royal Terminal of King Khalid International Airport in Riyadh, Saudi Arabia, Tuesday, May 13, 2025

President Donald Trump arrives with Saudi Crown Prince Mohammed bin Salman for a coffee ceremony at the Royal Terminal of King Khalid International Airport in Riyadh, Saudi Arabia, Tuesday, May 13, 2025

President Donald Trump arrives with Saudi Crown Prince Mohammed bin Salman for a coffee ceremony at the Royal Terminal of King Khalid International Airport in Riyadh, Saudi Arabia, Tuesday, May 13, 2025. (AP Photo/Alex Brandon)

President Donald Trump arrives with Saudi Crown Prince Mohammed bin Salman for a coffee ceremony at the Royal Terminal of King Khalid International Airport in Riyadh, Saudi Arabia, Tuesday, May 13, 2025. (AP Photo/Alex Brandon)

President Donald Trump walks with Saudi Crown Prince Mohammed bin Salman during an arrival ceremony at the Royal Terminal of King Khalid International Airport in Riyadh, Saudi Arabia, Tuesday, May 13, 2025

President Donald Trump walks with Saudi Crown Prince Mohammed bin Salman during an arrival ceremony at the Royal Terminal of King Khalid International Airport in Riyadh, Saudi Arabia, Tuesday, May 13, 2025

President Donald Trump speaks with Saudi Crown Prince Mohammed bin Salman during a coffee ceremony at the Royal Terminal of King Khalid International Airport in Riyadh, Saudi Arabia, Tuesday, May 13, 2025. (AP Photo/Alex Brandon)

President Donald Trump speaks with Saudi Crown Prince Mohammed bin Salman during a coffee ceremony at the Royal Terminal of King Khalid International Airport in Riyadh, Saudi Arabia, Tuesday, May 13, 2025. (AP Photo/Alex Brandon)

President Donald Trump, left, speaks with Saudi Arabia's Crown Prince Mohammed bin Salman during family photo session at G-20 leaders summit in Osaka, Japan, June 28, 2019. (Kim Kyung-Hoon/Pool Photo via AP, File)

President Donald Trump, left, speaks with Saudi Arabia's Crown Prince Mohammed bin Salman during family photo session at G-20 leaders summit in Osaka, Japan, June 28, 2019. (Kim Kyung-Hoon/Pool Photo via AP, File)

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