Fluor's Carbon Capture Goes From First Mover To Falling Behind

Nov. 15, 2022 10:25 AM ETFluor Corporation (FLR)SHEL8 Comments
Christopher Hoeger profile picture
Christopher Hoeger
1.35K Followers

Summary

  • Fluor had a significant head start in the carbon capture space.
  • Poor execution and lack of innovation have seen competitors pull ahead.
  • Fluor stands to benefit in the carbon capture space, but they have to improve quickly.

CO2 in the clouds

acinquantadue/iStock via Getty Images

The next carbon capture company I want to cover is Fluor Corporation (NYSE:FLR). Their primary business is as an engineering, procurement, and construction company (commonly referred to as an "EPC"). They design and build large refineries and other industrial

Simplified process flow diagram of a generic amine process

Simplified process flow diagram of a generic amine process (Author)

Fluor's Econamine Facility in Bellingham Massachusetts

Fluor's Econamine Facility in Bellingham Massachusetts (Courtesy of Fluor Corp)

Timeline of setbacks for Fluor's DOE FEED study

Timeline of setbacks for Fluor's DOE FEED study (Department of Energy)

This article was written by

Christopher Hoeger profile picture
1.35K Followers
I am a chemical engineer who works primarily in the energy industry on carbon capture, utilization, and sequestration. I do research and development and I love my work. I am also an avid investor. I focus primarily on stocks with large growth potential or deep value. I usually take long positions if I choose to take a position, although I have been known to dabble in short term options occasionally. Follow me on Twitter @hoegermeister

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: The information contained in this article is for informational purposes only. You should not construe any such information as legal, tax, investment, financial, or other advice. None of the information in this article constitutes a solicitation, recommendation, endorsement, or offer by the author, its affiliates or any related third party provider to buy or sell any securities or other financial instruments in any jurisdiction in which such solicitation, recommendation, endorsement, or offer would be unlawful under the securities laws of such jurisdiction.

Recommended For You

Comments (8)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.