MEXICO CITY, Jan. 11, 2016 (GLOBE
NEWSWIRE) -- ICA Fluor,
the industrial construction joint venture of Empresas ICA, S.A.B.
de C.V. (BMV:ICA) and (NYSE:ICA) and Fluor
Corporation (NYSE:FLR), announced today that its ICA Fluor
industrial engineering-construction joint venture was authorized by
Pemex Transformación Industrial (Pemex) to proceed with the
engineering, procurement and construction (Phase II) of the Madero
Clean Diesel project at the Madero Refinery in Tamaulipas,
Mexico.
ICA Fluor will provide detailed
engineering, procurement, construction, commissioning and start-up
services for two 25,000-barrel-per-day diesel hydrodesulfurization
trains and associated facilities. The project also includes
installation of new hydrogen, sulfur recovery and sour water
treatment plants; the revamp of the existing diesel
hydrodesulfurization unit, and offsites and utilities to integrate
the new production facility with the existing refinery. The project
is scheduled to be completed in the first quarter of 2018.
The project is part of Pemex's clean
fuels program, its comprehensive development and modernization
program, and is designed to increase Mexico's production of
ultra-low sulfur diesel in accordance with applicable environmental
standards.
"We are very pleased with the
performance of ICA Fluor, and this award by Pemex demonstrates the
trust and confidence in our joint venture to successfully execute
this very significant clean fuels project at the Madero refinery,"
said Peter Oosterveer, Fluor's chief operating officer. "Fluor and
ICA Fluor remain fully committed to Pemex and our other clients in
the Mexican market."
This press release contains projections or other
forward-looking statements related to ICA that reflect ICA's
current expectations or beliefs concerning future events. Such
forward-looking statements are subject to various risks and
uncertainties and may differ materially from actual results or
events due to important factors such as changes in general
economic, business or political or other conditions in Mexico,
Latin America or elsewhere, changes in capital markets in general
that may affect policies or attitudes towards lending to Mexico or
Mexican companies, changes in tax and other laws affecting ICA's
businesses, increased costs, unanticipated increases in financing
and other costs or the inability to obtain additional debt or
equity financing on attractive terms and other factors set forth in
ICA's most recent filing on Form 20-F and in any filing or
submission ICA has made with the SEC subsequent to its most recent
filing on Form 20-F. All forward-looking statements are based on
information available to ICA on the date hereof, and ICA assumes no
obligation to update such statements.
Empresas ICA, S.A.B. de C.V. is Mexico's largest
infrastructure company. ICA carries out large-scale civil and
industrial construction projects and operates a portfolio of
long-term assets, including airports, toll roads, water systems and
real estate. Founded in 1947, ICA is listed on the Mexican and New
York Stock exchanges. For more information, visit
ir.ica.mx.
ICA Fluor is the leading industrial
engineering-construction company in Mexico, dedicated to the
engineering, procurement, construction and maintenance of
industrial facilities in the oil and gas, chemical, petrochemical,
automotive, power, mining and telecommunication
industries.
Fluor
Corporation (NYSE:FLR) is a global engineering and
construction firm that designs and builds some of the world's most
complex projects. The company creates and delivers innovative and
integrated solutions for its clients in engineering, procurement,
fabrication, construction, maintenance and project management on a
global basis. For more than a century, Fluor has served clients in
the energy, chemicals, government, industrial, infrastructure,
mining and power market sectors. Headquartered in Irving, Texas,
Fluor ranks 136 on the FORTUNE 500 list. With 40,000 employees
worldwide, the company's revenue for 2014 was $21.5 billion. Visit
Fluor at www.fluor.com and follow on
Twitter @FluorCorp.