Foster Wheeler Awarded EPCm Contract for New Cogeneration Plant by Dow in Germany
Foster Wheeler AG announced today that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement and construction management (EPCm) contract by Dow Deutschland Anlagengesellschaft mbH for a new cogeneration facility to be installed within Dow's existing chemical complex at Stade, Germany.
The value of Foster Wheeler's contract was not disclosed and will be included in the company's second-quarter 2010 bookings.
The new plant consists of three gas turbogenerators, heat recovery steam generators and combined steam turbogenerators, and electrical infrastructure, offices, storage and utilities.
The plant, expected to start operation in early 2013, will be designed to have a capacity of 150 megawatt electric (MWe) and associated cogenerated steam.
"After Foster Wheeler's successful implementation of projects in the petrochemical field for Dow, we are pleased to award this company the Stade CoGen Project, thus extending our cooperation to the power business sector," said Bernhard Seggert, Project Director, Dow. "Foster Wheeler has the right expertise and capabilities to successfully undertake the project, thanks to its diversified experience in power generation facilities both as an operator of cogeneration plants and as a contractor."
Foster Wheeler AG (Nasdaq: FWLT) is a global engineering and construction contractor and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 13,000 talented professionals with specialised 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, 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.
Published 06/07/2010
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