Foster Wheeler Wins EPC Contract For Exxonmobil's New World-Scale Chemical Project In Singapore
Hamilton, UK - Foster Wheeler Ltd. announced that subsidiaries in its Global Engineering and Construction Group and its joint venture partner have been awarded contracts by ExxonMobil Asia Pacific Pte. Ltd. (ExxonMobil) for project co-ordination and services and the engineering, procurement and construction (EPC) of a number of downstream units and associated plant infrastructure for a second petrochemical complex in Singapore. As announced by ExxonMobil on September 5, 2007, this project will proceed with construction.
The Foster Wheeler contract value for this project was not disclosed and will be included in the company's third-quarter 2007 bookings.
The Foster Wheeler-led joint venture has completed the study and front-end engineering design for substantially all of the non-licensed technology portion of this complex, which will produce ethylene, propylene and their derivatives, mainly for the regional market.
The Foster Wheeler-led joint venture will now engineer, procure and construct the modification and expansion of ExxonMobil's existing aromatics and oxo-alcohol production facilities, and expansion and modification of the existing product storage and utilities, among others.
"We are delighted that, with the award of the EPC phase of this huge project, we have the opportunity to continue the excellent working relationship we have built with the ExxonMobil team during the front-end phase," said Umberto della Sala, president & chief operating officer of Foster Wheeler Ltd. "We are committed to leveraging our global strength to deliver what will be the largest single project ever undertaken by ExxonMobil Chemical and also the largest project ever executed by Foster Wheeler for ExxonMobil throughout our long and successful history with this client."
Foster Wheeler Ltd. is a global company offering, through its subsidiaries, a broad range of engineering, procurement, construction, manufacturing, project development and management, research and plant operation services. Foster Wheeler serves the upstream oil and gas, LNG and gas-to-liquids, refining, petrochemicals, chemicals, power, pharmaceuticals, biotechnology and healthcare industries. The corporation is based in Hamilton, Bermuda, and its operational headquarters are in Clinton, New Jersey, USA. For more information about Foster Wheeler, please visit our Web site at www.fwc.com.
SOURCE: Foster Wheeler Ltd.