Greg Wilkett, Fluor-BWXT President and CEO
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Fluor-B&W Provides Economic
Development Grant to Help Create
Local Jobs

PIKETON, Ohio – December 4, 2012 – Geo-Tech Polymers (Geo-Tech) was awarded a grant recently from the Opportunity Fund, an economic development initiative of Fluor-B&W Portsmouth’s Community Commitment Plan. Geo-Tech is expanding to Waverly, creating 50 full-time jobs. The grant will be used to help off-set the costs associated with purchasing and installing equipment.

Geo-Tech is an environmentally friendly company specializing in recycling coated plastics used in consumer and automotive applications. Wastren Advantage, Inc. (WAI), an environmental technology company headquartered in Piketon, Ohio, recently acquired Geo-Tech and is leading the expansion project.

(left to right) WAI CEO Steve Moore, Fluor B&W Deputy Project Manager Bob Nichols, Geo Tech President Doug Collins, and Pike County Economic Development Director Chris Ervin looking over plans for new Geo-Tech Polymers expansion in Waverly, Ohio.

Bob Nichols, Deputy Project Director for Fluor-B&W, said “Our Company is pleased to help encourage economic growth in southern Ohio. This grant is part of our Community Commitment Plan to the four-county region (Pike, Scioto, Jackson & Ross) surrounding the DOE site”

Doug Collins, president of Geo Tech, said “The WAI leadership is committed to making investments and creating jobs in southern Ohio, and the Geo-Tech project is one example of our commitment. We are looking forward to providing additional opportunities for our community and working with solid partners like Fluor-B&W. We certainly appreciate their investment in expanding Geo-Tech to Waverly.”

Fluor-B&W is the decontamination and decommissioning contractor for the U.S. Department of Energy (DOE) at the Portsmouth Gaseous Diffusion Plant. Fluor-B&W is implementing the Community Commitment Plan to strengthen and support the four-county region (Pike, Scioto, Ross and Jackson counties) surrounding the DOE Portsmouth Site in Piketon in the areas of economic development, regional purchasing, educational outreach and charitable giving. The Opportunity Fund was created to assist projects that lead to jobs in the four-county region. Pike County Economic Development Director Chris Ervin, who participates in regular meetings with Fluor-B&W officials to ensure that the Community Commitment Plan meets its objectives, was instrumental in securing the grant for the project.

"I am excited about Geo-Tech's vision and their passion for creating jobs in Southern Ohio. The expansion is a perfect fit with the community’s goals and objectives to diversify the regional economy,” Mr. Ervin said. “This is a great opportunity for southern Ohio to position itself as a leader in the environmental technology and recycling industry sectors. I am pleased Fluor-B&W elected to help fund this project."

The total cost of the Geo-Tech expansion is approximately $2.8 million. As part of the financing of the project, the company also received a $460,000 loan from a Pike County Community Development Block Grant. Click here for a news story about the Geo-Tech expansion into Pike County from WCMH-TV in Columbus, Ohio.

For more information, see the story on nbc4i.com.

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About Fluor-B&W Portsmouth LLC

Fluor Corporation (NYSE: FLR) and The Babcock & Wilcox Company (B&W) (NYSE: BWC), two world-class companies with significant Ohio experience, formed Fluor-B&W Portsmouth LLC (FBP) to address the decontamination and decommissioning (D&D) needs at the Department of Energy's (DOE) Portsmouth Site in Pike County, Ohio. The team, which includes two local mentor/protégé companies, inSolves and Wastren Advantage, Inc., and a small business, Pro2Serve, brings unparalleled experience, insights, and lessons learned from across the DOE complex. The Fluor-B&W Portsmouth mandate is to clean up the Portsmouth Site safely and compliantly, provide strong uranium stewardship and partner with local communities to achieve a sustainable economic future. For more information, visit www.fbportsmouth.com.