Foster Wheeler Awarded Contract for $34 Million Project in Sweden

HAMILTON, Bermuda--(BUSINESS WIRE)--Sept. 26, 2001--Foster Wheeler Ltd.'s (NYSE: FWC) UK subsidiary, Foster Wheeler Energy Limited (FWEL), has been awarded an engineering and procurement (E&P) contract by Preem Raffinaderi AB for a $34 million isomerization revamp project at their refinery in Gothenburg, Sweden.

The revamp project will debottleneck the existing isomerization process and improve the octane level of the product to meet requirements of future legislation on the gasoline pool. The project consists of the revamp of the existing Penex unit, the addition of a new Molex unit and associated interconnecting services.

The existing Penex unit converts low octane paraffins and benzene precursors to higher octane components via catalytic hydrogenation. The Molex unit uses UOP's Molecular Sieve technology to extract and recycle normal paraffins and further increase the product octane number.

Foster Wheeler's scope of work covers the detailed engineering and design, based on licensor packages, provided by UOP for the Penex and Molex units. The company will be responsible for the procurement of all equipment and materials on the Molex unit with the exception of the Rotary Valve. The procurement for the Penex unit is split between Foster Wheeler and Preem. Preem will be responsible for the overall project management and for the management of construction. The work will be executed in FWEL's Glasgow operations offices in the UK.

Work on this project has started and is scheduled to be in production in the summer of 2002.

According to Ian M. Bill, FWEL's chairman and chief executive, the project addresses the developing environmental requirements in global fuel supplies. "We are pleased to continue our successful relationship with Preem on this project, to help the refinery produce cleaner fuels and meet the European Union's gasoline and diesel specifications for implementation by 2005."

Note to Editors:

Foster Wheeler Ltd. is a global company offering, through its subsidiaries, a broad range of design, engineering, construction, manufacturing, project development and management, research, plant operation and environmental services. The corporation is based in Hamilton, Bermuda, and its operational headquarters are in Clinton, N.J. For more information about Foster Wheeler, visit our World-Wide Web site at www.fwc.com.


Contact:
     Foster Wheeler
     MEDIA CONTACT ONLY:
     Alastair Davie, 908/730-4444
     OTHER INQUIRIES: 908/730-4000



Review Article Be the first to review this article
Bentley:

Featured Video
Latest Blog Posts
Alex Carrick, Chief Economist at ConstructConnectThe AEC Lens
by Alex Carrick, Chief Economist at ConstructConnect
The Economy under COVID-19: Notes from the Trenches (40)
Jobs
GIS Analyst #14713 for State of Missouri at Jefferson City,, Missouri
Mechanical Designer for TechnipFMC at Houston,, Texas
Geographic Information System Analyst II for State of Idaho at Boise, Idaho
ROV Pilot II for TechnipFMC at Houston,, Texas
Upcoming Events
BUILDINGSNY -postponed June 17-18, 2020 at Javits Center New York City NY - Jun 17 - 18, 2020
Urban Planning & Architectural Design for Sustainable Development – 5th Edition at Rome,Italy Roma Tre University Rome Italy - Jul 7 - 9, 2020
Cities’ Identity Through Architecture and Arts – 4th Edition at Rome,Italy Rome Italy - Jul 7 - 9, 2020
AEC Next Technology Expo + Conference (NEW DATE), at McCormick Place Chicago IL - Jul 27 - 29, 2020
Kenesto: 30 day trial
Bentley: Livestream On Demand
CADalog.com - Countless CAD add-ons, plug-ins and more.



© 2020 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise