Foster Wheeler Wins FEED For Sasol Wax Expansion Project In South Africa
HAMILTON, Bermuda-- (BUSINESS WIRE) -- Foster Wheeler Ltd. (Nasdaq: FWLT) announced that its South African subsidiary, Foster Wheeler South Africa (Pty) Limited, part of its Global Engineering and Construction Group, has been awarded a front-end engineering design (FEED) contract by Sasol Chemical Industries Limited for the Sasolburg Fischer-Tropsch Wax Expansion Project in South Africa. The FEED is scheduled for completion in the second quarter of 2009.
The Foster Wheeler contract value for this project was not disclosed and will be included in the company's fourth-quarter 2008 bookings.
Foster Wheeler's scope of work includes basic engineering, detailed engineering and procurement of long-lead equipment items, technology licensor management and development of the project schedule and cost estimate which will form the basis for project sanction. The project is expected to increase production of medium waxes and liquid paraffins by approximately 50 percent.
"We have developed a long and very successful working relationship with Sasol in South Africa, and internationally, over the last ten years," said Steve Scott, managing director of Foster Wheeler South Africa (Pty) Limited. "We will combine our in-depth technical expertise in Sasol's Fischer-Tropsch technology and our reputation for delivering high quality FEEDs to help Sasol establish a sound basis upon which to take this project forward."
Foster Wheeler Ltd. is a global engineering and construction contractor and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs over 14,000 talented professionals with specialized expertise dedicated to serving our clients through one of its two primary business groups. The company's Global Engineering & Construction (E&C) 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 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.
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