Primoris plugs into $200M power contract

ConDig (12-May-20).  Dallas, Texas-based construction and infrastructure company Primoris Services Corp has bagged a $200 million contract to build a renewable fuels plant in Bakersfield, California.

Under the deal with an unnamed client, the company will retool a facility that will produce renewable diesel from organic feedstocks such as vegetable oils. Fuel produced at the facility will be available to be blended into transportation fuel, according to Primoris.

The contract will involve upgrades to an existing facility as well as civil, mechanical, structural, and electrical work. Other elements include balance of plant engineering and some procurement.
ARB Industrial is partnering with OnQuest and Primoris Design & Construction to perform certain engineering scope.
The initial phase of work and mobilization has already begun and the entire project is scheduled to be completed in the third quarter of 2022.

In January, Primoris landed two pipeline contracts in New Mexico and Texas worth a total of $260 million.

It also secured a $54 million contract to revamp a highway in Louisiana.

Primoris reported in November that profit increased 9% in its fiscal third quarter compared with the same period a year-ago despite a drop in revenue. For the quarter ended September 30, the company booked net income of $35.6 million compared with $32.7 million in the same period last year, driven largely by a rise in profit at the group’s civil and utilities division.

In September, Primoris said it had secured three contracts worth a total of $43 million for pipeline work in Northern Alberta, Canada. It also secured a $140 million deal for electric utility work in Northern California.tric utility work in Northern California.

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