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News Releases

B&W, Fluor Form Alliance to Market Carbon Capture Technology

09 March 2010

Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) and Fluor Corporation have formed a strategic alliance to market and sell carbon dioxide (CO2) capture systems for existing coal-fired power plants in the United States and Canada. B&W PGG is an operating unit of The Babcock & Wilcox Company.

B&W PGG and Fluor will jointly market and provide project execution for Fluor's Econamine FG PlusSM technology - an advanced version of an established Fluor process that has been successfully used in 23 commercial plants for the recovery of CO2 from flue gas for more than 20 years. The process uses an advanced amine-based solvent to capture CO2, which can then be permanently stored or used in other industrial applications.

The alliance combines the strengths of Fluor's established Econamine FG PlusSM technology and engineering, procurement and construction capabilities with B&W PGG's expertise in the retrofit supply and integration of air quality control systems.

"B&W PGG is enthusiastic about this collaboration," said B&W PGG President and Chief Operating Officer Richard L. Killion. "B&W PGG has long been a leader with retrofit applications of air quality control systems and we expect to create significant value for our customers."

"Our combined efforts will position both companies to better serve our power clients in the carbon capture market," said Dave Dunning, Fluor's Power Group President. "By focusing on CO2 retrofit applications, we believe we capture and will deliver the strengths of both companies in a way that our customers will appreciate and value."

Both companies will collaborate on providing engineering, procurement, construction and commissioning services using Fluor's Econamine FG PlusSM technology. The agreement also includes a license for B&W to use and market the technology in support of this collaborative effort. B&W will provide Fluor access to its research and development facilities and pilot plant in Barberton, Ohio for testing and advancing the process for future coal-fired plant scale-up applications.

About The Babcock & Wilcox Company

The Babcock & Wilcox Company (B&W), a subsidiary of McDermott International, Inc., is a leader in advanced energy technology innovation and service, primarily in nuclear and fossil power. Providing quality products and technical services to commercial and government customers, B&W is focused on issues such as energy efficiency, clean air, global market competitiveness, and safe and secure resolution for nuclear waste. B&W has locations worldwide and employs more than 20,000 people. The company is located on the Internet at www.babcock.com.

About Fluor

Fluor Corporation [NYSE: FLR] designs, builds and maintains many of the world's most challenging and complex projects. Through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenues of $22 billion in 2009.For more information visit www.fluor.com.



B&W Contact:
Ryan Cornell
The Babcock & Wilcox Company

Fluor Contact:
Brian Mershon 
Fluor Corporation