Fluor Inks MoU With Carbfix For Carbon Capture And Storage
Portfolio Pulse from Shivani Kumaresan
Fluor Corporation (NYSE:FLR) has signed a memorandum of understanding (MOU) with carbon dioxide mineral storage operator, Carbfix, to pursue integrated carbon capture and storage (CCS) solutions. The companies aim to help decarbonize industries with high greenhouse gas emissions. Fluor will provide its proprietary Econamine FG Plus carbon capture technology and its engineering, procurement and construction experience. Financial terms were not disclosed.
July 06, 2023 | 10:51 am
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Fluor Corporation's partnership with Carbfix to pursue carbon capture and storage solutions could enhance its corporate responsibility profile and potentially open new revenue streams.
The partnership with Carbfix allows Fluor to leverage its proprietary technology and expertise in a growing sector focused on reducing greenhouse gas emissions. This could enhance its corporate image and potentially open up new revenue streams, positively impacting its stock in the short term.
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