Foster Wheeler Awarded Contract to Design and Build New Petrochemical Plant

Foster Wheeler Italiana S.p.A. has been awarded an engineering, procurement and construction supervision contract by The Kuwait Olefins Company (K.S.C.C.), ("TKOC") for a grassroots ethylene-glycol unit (EG2 Project) to be built at Shuaiba Industrial Area, Kuwait. TKOC is a joint-venture company with the majority shareholders being Petrochemical Industries Company (K.S.C.), ("PIC") a wholly owned subsidiary of Kuwait Petroleum Corporation, and Dow Europe Holding B.V., a wholly owned subsidiary of The Dow Chemical Company.

The new world-scale EG2 unit, with a total capacity of 600,000 metric tonnes per year, is part of TKOC's planned Olefins II ethylene and derivatives complex. It will use Union Carbide's METEOR(TM) ethylene oxide/ethylene glycol process technology. It is scheduled to be completed by the second quarter of 2008.

"We successfully completed a 340,000 metric tonnes per year ethylene glycol plant, part of the EQUATE I project, at the same location during the late 1990s," said Umberto della Sala, chief executive officer, Foster Wheeler Global Engineering and Construction Group. "With this important award, we are very proud to be able to include The Kuwait Olefins Company among our repeat clients and we intend to deliver the same excellent performance for the EG2 Project."

"The award of this contract builds on the success of the EQUATE I Project," said Saad Al Shuwaib, chairman and managing director, PIC. "We are committed to building, with the help of Foster Wheeler, one of the safest and most efficient ethylene glycol plants in the world."

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Posted 14/03/06

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