Monday, July 26, 2010

Fluor (NYSE:FLR) Lands Tenaska Carbon Capture Deal

Fluor Corporation (NYSE:FLR) announced it has landed a deal with Tenaska to provide them with their Econamine FG Plussm carbon capture technology, which will be used at the Tenaska Trailblazer Energy Center, which is under development close to Sweetwater, Texas.

Fluor's Power Group president Dave Dunning, said about the deal, "Trailblazer represents an innovative environmental breakthrough in clean energy production that will have positive implications worldwide. We are eager to move forward and begin building this important new energy source for Tenaska and Texas."

The Trailblazer plant will be run by pulverized coal which will capture approximately 85 to 90 percent of the carbon dioxide (CO2) byproduct. From there it will be sent through a pipeline to be used for recovering oil in the Permian Basin.

Michael Lebens, president of Tenaska's Engineering & Operations Group, said in a press release, "Fluor's Econamine FG Plussm technology has been licensed at commercial scale in 26 industrial plants worldwide, including three in the United States. The combination of Fluor's expertise with the technology and its 20 years of experience in practical applications makes it the best choice for use at Trailblazer."

No comments: