Foster Wheeler Awarded EPCm Phase of PJ21 Project by Esso Raffinage France

abarrelfullabarrelfull wrote on 07 Dec 2012 20:09

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Oct 17, 2002

Foster Wheeler Ltd. (NYSE:FWC) announced today that its French subsidiary, Foster Wheeler France S.A., was awarded a contract by Esso Societe Anonyme Francaise, the French affiliate of the ExxonMobil Group, for the main part of the engineering, procurement and construction management (EPCm) phase of the PJ21 project for its Port-Jerome Gravenchon refinery in Normandy, France.

The total investment cost is over $220 million and represents one of the most important environment improvement projects ever realized in France.

The PJ21 project includes a new grassroots Gofiner unit, the upgrading of the existing fluid catalytic cracking unit to increase plant conversion and propylene production and other associated units, such as monoethanolamine treatment and sour water stripper.

"This contract was the positive result of a very successful cooperation with Esso during the execution of the front-end engineering phase, which was carried out in a fully integrated effort with the Esso team of Rueil Malmaison," said Giorgio Veronesi, president and CEO of Foster Wheeler France.

The project will be executed out of Foster Wheeler's Paris and Milan offices. The Milan office will execute the EPC phase of the Gofiner and associated units, taking advantage of the successful experience in design of a similar plant for Esso Singapore Private Limited a few years ago.

Work will start immediately and the units are to be started up in the third-quarter 2004.

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