24 FLUOR CORPORATION PROCESSING THE WORLD'S ESSENTIAL PRODUCTS CHEMICALS AND FUELS Visit fluor.com to learn more about our chemicals and fuels expertise. Capabilities at a Glance ` Market-leading expertise spanning the full chemicals value chain, including core petrochemicals; fine, specialty, and circular chemicals; and inorganics and battery materials ` Strong execution capability in ethane cracker projects, supported by the successful design and construction of three facilities during the last major build-out cycle ` Integrated production and fuels capabilities across upstream, midstream, and downstream markets, including renewable fuels and post-combustion carbon capture MARKET OVERVIEW Long-term chemicals supply and demand is projected to remain resilient, led by supply growth in North America and Middle Eastern markets and demand growth in global consumer hubs, particularly Asia and India, despite near-term geopolitical and policy uncertainty. At the same time, energy security concerns and industrial demand continue to support fuel markets, with fossil fuels maintaining a substantial role alongside renewable expansion. Collectively, these trends support sustained relevance and long-term investment in the chemicals and fuels sectors. WHAT WE DELIVER For more than a century, Fluor has completed a wide variety of projects in the chemicals and fuels industry around the world. Clients rely on our experience providing process technology and project management solutions to complete projects successfully with cost and schedule certainty. In 2025, our portfolio spanned major project achievements, including first oil at Tengizchevroil (featured on the next page), as well as studies and front-end work that position us to add value early in the project development life cycle. In January 2026, we achieved mechanical completion on BASF’s Zhanjiang Verbund project in China. Among the project’s key accomplishments, highlighted on the next page, are its outstanding safety performance and consistently low weld rejection rate, reflecting exceptional construction quality. Chemicals and fuels production remains foundational to meeting global energy, transportation, and food supply demands. With deep expertise designing and building complex facilities, Fluor helps clients deliver the critical projects required to support these worldwide needs reliably and safely. Our Key Markets - Energy Solutions
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