21 2024 Integrated Report Company and Strategy Corporate Information Businesses Enablers Fluor is providing EPCM services for Dow’s Fort Saskatchewan Path2Zero expansion project in Canada. This project will create the world’s first net-zero emissions integrated ethylene cracker and derivatives site. By utilizing hydrogenfueled cracker furnaces and sequestering CO2 emissions with carbon capture technology, the Dow facility will both increase the site’s production capacity and decarbonize approximately 20% of Dow’s global ethylene capacity. As part of Fluor’s execution delivery, we are leveraging our global engineering and local Canadian construction expertise along with extensive collaboration with Dow and its suppliers and subcontractors. PROJECT SPOTLIGHT Marathon Petroleum Galveston Bay Refinery PROJECT SPOTLIGHT Dow Fort Saskatchewan Path2Zero Fluor has deployed global resources from our offices in Houston and the Philippines to support the detailed engineering and procurement for a distillate hydrotreater unit and associated support facilities at the Marathon Petroleum Galveston Bay Refinery. The new distillate hydrotreater unit will assist in the removal of impurities from the petroleum feed stream to support Marathon’s goal to be a leader in the energy sector. Mike Alexander Business Group President, Energy Solutions Dow Path2Zero construction progress // Fort Saskatchewan, Alberta, Canada Marathon Petroleum Galveston Bay Refinery // Texas City, Texas, United States GROWING OUR ENERGY PORTFOLIO THROUGH CLIENT ENGAGEMENT Client engagement remains central to our strategy for expanding our energy portfolio. We are positioning our resources in power and nuclear markets to address both the rising energy demand and the need for sustainable energy solutions globally. As an example, the RoPower project in Doicești, Romania, where we are providing FEED services, will utilize small modular reactor technology to generate carbon-free baseload power for the energy security of Romania and eastern Europe. We remain in close partnership with clients worldwide on their electrification, lowcarbon production goals, traditional base chemicals and power needs. While we continue to support traditional oil and gas markets, nearly half of our current projects include an energy transition-focused scope. DEVELOPING OUR NEXT GENERATION OF PROJECT LEADERS To ensure long-term growth, we are balancing project scope, risk profiles and geographic diversity while developing leadership talent equipped to deliver future projects successfully. To drive successful project outcomes, we are investing in our people and ensuring that our teams are equipped to respond to client needs. Through stretch assignments, we are empowering emerging leaders to take on greater responsibilities. At the same time, we are strategically onboarding key hires to bring fresh perspectives and strengthen critical areas of our operations. Energy Solutions is committed to delivering consistent, profitable projects and serving as a stable growth engine for Fluor. Focusing on the right people, projects and pursuits is paramount to our success.
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