Fluor Corporation (NYSE:FLR) today announced that its Mining and Metals business has been awarded a contract to perform engineering, procurement and construction management (EPCM) for Iluka Resources Limited’s Eneabba project, a fully integrated rare earths refinery in Eneabba, Western Australia. Fluor will recognize the undisclosed value of the reimbursable contract in the second quarter of 2022.
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The image is a 3D model of Iluka’s Eneabba Phase 3, a fully integrated rare earth refinery. Fluor is the engineering, procurement and construction management contractor, with construction expected to begin in 2022 with first production scheduled for 2025. (Photo: Business Wire)
Fluor will complete the initial engineering design and perform EPCM services to deliver the refinery. The completed refinery will produce light and heavy rare earth oxides including neodymium, praseodymium, dysprosium and terbium, which are essential for global electrification. It will have a feed capacity of approximately 55,000 tonnes per year to produce approximately 17,500 tonnes per year of rare earth oxides and will be able to process rare earth feedstocks from both Iluka’s portfolio and of a range of potential third-party concentrate suppliers.
“Rare earths are essential minerals that provide key inputs to a wide range of technologies, including permanent magnets that are essential for electric vehicles and renewable energy infrastructure,” said Tony Morgan, president of the Mining & Metals activity of Fluor. “Once completed, the Eneabba project will add significant capacity to an evolving cleantech ecosystem in Australia.
“The Eneabba Rare Earth Refinery has the potential to become a strategic hub for the downstream processing of Australia’s rare earth resources. Fluor is pleased to have been selected as a trusted partner to carry out this strategic project for Iluka. Fluor will build on its successful track record of delivering long-term projects in Australia and expand the company’s geographic footprint in the rare earths sector. The execution of this project will be a demonstration of our value chain offering in future technologies.
Fluor’s office in Perth, Australia will lead the project. Construction of the refinery is expected to begin later this year with first production expected in 2025.
About Fluor Corporation
Fluor Corporation (NYSE:FLR) is building a better future by applying world-class expertise to solve its customers’ biggest challenges. Fluor’s 41,000 employees provide professional and technical solutions that help deliver safe, well-executed, and capital-efficient projects to clients around the world. Fluor had 2021 revenue of $12.4 billion and is ranked 259 among Fortune 500 companies. Headquartered in Irving, Texas, Fluor provides engineering, procurement and building for over 110 years. For more information, visit www.fluor.com or follow Fluor on TwitterLinkedIn, Facebook and YouTube.