1. Fluor awarded contract for sustainable aviation fuel project in England. 2. Project Speedbird promotes decarbonization and sustainable fuel technologies for aviation. 3. Facility will produce 90,000 tonnes of SAF and renewable diesel annually. 4. Implementation enhances Fluor's position in sustainable energy sector. 5. British Airways aims to cut 230,000 tonnes carbon emissions yearly.
The contract signals Fluor's commitment to sustainability, likely boosting investor confidence. Historical contracts in green energy have improved stock prices for similar firms.
The award of a significant contract enhances Fluor's reputation and revenue potential, likely influencing market views positively.
Sustainable projects like Speedbird position Fluor well competitively, leading to growth over time. Long-term trends toward green energy are expected to increase demand for Fluor's expertise.
Fluor Corporation (NYSE:FLR) announced today that it has been awarded a contract by LanzaJet for the front-end engineering and design of a pioneering sustainable aviation fuel (SAF) production hub in North Yorkshire, England. The initiative, named Project Speedbird, is a joint development between LanzaJet and British Airways. Fluor will recognize the undisclosed contract value in the third quarter.
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LanzaJet
"Project Speedbird marks a pivotal advancement in the global effort to decarbonize aviation," said Mike Alexander, Group President, Project Execution, Fluor Corporation. "By accelerating the adoption of sustainable fuel technologies, this project will help redefine the future of flight. Fluor is proud to bring our engineering and design expertise to this visionary initiative."
The project will leverage LanzaJet's Alcohol-to-Jet technology to transform second-generation ethanol, sourced from agricultural residues and woody biomass, into SAF. British Airways will utilize this SAF to cut carbon emissions by approximately 230,000 tonnes annually, equivalent to the emissions from 26,000 domestic flights.
"Project Speedbird is the next commercial scale facility in our portfolio that LanzaJet is developing, working closely with British Airways," said Jimmy Samartzis, CEO of LanzaJet. "It is an important step in the continued scale-up of our leading sustainable fuels technology. Partnering with the globally recognized engineering, procurement, and construction (EPC) company Fluor Corporation shows our commitment to the highest standards in project execution."
Located in Teesside, UK, the facility will produce more than 90,000 tonnes (30 million gallons) of SAF and renewable diesel annually. The site was selected for its strategic location, advanced infrastructure and access to a skilled workforce.
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 27,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $16.3 billion in 2024 and is ranked 257 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement, construction and maintenance 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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