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FOSTER WHEELER AWARDED CONTRACT
FOR THREE CIRCULATING FLUIDIZED-BED STEAM GENERATORS IN CHINA
ZUG, SWITZERLAND, June 21, 2010 – Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Power Group has been awarded a contract by Sinopec Wuhan Company for the design and supply of three circulating fluidized-bed (CFB) steam generators for the Sinopec Wuhan Cogeneration Plant for the 800,000 ton/year Ethylene Project in central China’s Wuhan city.
Foster Wheeler has received a full notice to proceed on this contract. The terms of the agreement were not disclosed and the contract value will be included in the company’s second-quarter 2010 bookings. Commercial operation of the new steam generators is scheduled for second quarter 2012.
Foster Wheeler will design and supply the three 80 MWe (gross megawatt electric) CFB steam generators and auxiliary equipment and provide site advisory services for the project. The CFB steam generators will be designed to burn coal and petroleum coke while meeting all environmental requirements.
“We are pleased to be awarded this opportunity after Sinopec’s thorough evaluation process,” said Mark Garvey, chief executive officer of Foster Wheeler Power Group Asia. “Counting this award, Sinopec has ordered 26 CFB steam generators from Foster Wheeler, clearly confirming their continued confidence in our fuel-flexible and environmentally friendly CFB technology.”
Foster Wheeler AG is a global engineering and construction contractor and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 13,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups. The company’s Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, environmental, pharmaceuticals, biotechnology and healthcare industries. The company’s Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland, and its operational headquarters office is in Geneva, Switzerland. For more information about Foster Wheeler, please visit our Web site at http://www.fwc.com.
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Here is news release on Sinopec’s Wuhan Coking Refinery which just awarded FW 3 CFB’s for coal & Petcoke. Sinopec Wuhan put in 30% Expansion & new coker (along with Qilu & Luoyang) at end 2007/first 2008. This will be Foster Wheelers 26th steam generator/power CFB for China’s Sinopec applications according to article.
Regards
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