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Vietnam Incinerator Project Goes to Foster Wheeler [05/05/2014]

Foster Wheeler AG (Nasdaq:FWLT) announced Monday that a subsidiary of its Global Engineering and Construction Group has been awarded a contract for the design and supply of a carbon monoxide (CO) incinerator package for a residue fluidized catalytic cracker. The contract was awarded by JGC Corporation (UK) Ltd, which is acting on behalf of the engineering, procurement and construction consortium for the US$9 billion Nghi Son Refinery and Petrochemical complex to be constructed in the Nghi Son Economic Zone, Thanh Hoa Province, Socialist Republic of Vietnam.

The Foster Wheeler contract value was not disclosed and will be included in the company’s first-quarter 2014 bookings.

Foster Wheeler will design the incinerator in accordance with the CO emissions requirements of the new complex. The CO incinerator is expected to be shipped FOB (free on board) as one single module during the second quarter of 2015.

“This award reinforces Foster Wheeler’s position as a leading supplier of CO incinerator technology,” said Roberto Penno, Chief Executive Officer of Foster Wheeler’s Global E&C Group. “Supplying this equipment as a single module reduces field construction time, delivering major safety and schedule benefits. The incinerator will also be designed to help meet the low emissions targets of the new complex. This is a very important second award for this complex in Vietnam for our UK Fired Heater Division, and follows the first award, in 2013, of two Terrace Wall™ hydrogen reformers.”

by Foster Wheeler AG   Press Release

PETECO VIET NAM EQUIPMENT JOINT STOCK COMPANY
Block TT2, Row A, No 10, Bac Linh Dam, Dai Kim Ward, Hoang Mai District, Hanoi, Vietnam
Tel: + 84-243 974 7541  - Fax: + 84-243 974 7546
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