Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement and construction management (EPCm) services contract by TOTAL Raffinage-Chimie for the revamp of a hydrodesulfurization unit at TOTAL’s refinery in Antwerp, Belgium.
Foster Wheeler has received a full notice to proceed on this contract, for which the contract value was not disclosed. The value of engineering and procurement services will be included in the company’s first-quarter 2012 bookings. Construction management services are expected to be included in the company's third-quarter 2012 bookings upon agreement of the full scope of the services to be provided by Foster Wheeler.
The revamp of the hydrodesulfurization unit should enable the refinery to produce jet fuel with a sulfur content below 30 parts per million (ppm), and diesel with a sulfur content below 10 ppm, in accordance with European Union requirements.
Foster Wheeler has already completed the front-end engineering design for this revamp. The revamp is expected to be mechanically complete by the end of July 2013.
Foster Wheeler AG is a global engineering and construction company and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 12,000 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, mining and metals, 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
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