Foster Wheeler Awarded Technology Consultancy Contract For New Petrochemicals Complex

Foster Wheeler Ltd's UK subsidiary, Foster Wheeler Energy Limited, part of its Global Engineering and Construction Group, has been awarded a contract by India's Oil and Natural Gas Corporation Limited (ONGC) to provide technology consultancy services for a planned new petrochemicals complex at Dahej, Gujarat, northwest India.

"This award further extends Foster Wheeler's long-standing relationship with ONGC," said Steve Davies, chairman and chief executive officer of Foster Wheeler Energy Limited. "We were actively involved in the development of Petronet's new LNG receiving terminal at Dahej (an ONGC joint venture), and have worked with ONGC to develop new facilities for the extraction of petrochemicals feedstock from LNG for use at the new petrochemicals complex. With our in-depth technical expertise, we will now assist ONGC in developing the optimum technical solution for their planned petrochemicals facility."

The new petrochemicals complex will comprise various petrochemical plant units, including an ethylene unit. Foster Wheeler will support ONGC in the selection and appointment of technology licensors and the appointment of an engineering, procurement and construction (EPC) contractor for the ethylene unit. The company will also be involved, on behalf of ONGC, in the selection, appointment and management of the EPC contractors for the development of site infrastructure.

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Posted 05/09/06

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