Foster Wheeler Awarded a Contract by Esso Raffinage France for the $200 Million PJ21 Project

abarrelfullabarrelfull wrote on 07 Dec 2012 21:37

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Oct 1, 2001

Foster Wheeler Ltd. (NYSE: FWC) announced today that its French subsidiary, Foster Wheeler France S.A., was awarded a contract by Esso Raffinage S.A.F., a French affiliate of ExxonMobil, for the front end engineering design of the major part of the PJ21 project, developed for their Port-Jerome Gravenchon refinery in Normandy, France. The total project value is approximately $200 million.

The PJ21 project includes a new grassroots Gofiner unit, the upgrading of the existing fluid catalytic cracking unit to increase the automotive fuel and propylene production, the expansion of the sulfur recovery units, and associated units, such as monoethanolamine treatment, sour water stripper, flare and offsites.

Giorgio Veronesi, president and CEO of Foster Wheeler France, said that this contract was an important success for the company. "Foster Wheeler executed the very first work in Normandy for ESSO France 72 years ago. This award recognizes our staff's experience and abilities by a major well-respected client, for whom we have been working successfully throughout the years, in many different locations."

The project will be executed out of Foster Wheeler's Paris and Milan offices. Work will start in November 2001 and start-up of the units is planned for the third-quarter 2004.

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