Foster Wheeler Awarded Contract For Design And Supply Of Three Package Steam Generating Systems

abarrelfull wrote on 30 Dec 2013 07:11
Tags: canada engineering foster-wheeler n-america refinery

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Foster Wheeler AG (Nasdaq:FWLT) announced today that a subsidiary of its Global Power Group has been awarded a contract by North West Redwater (NWR) Partnership for the design and supply of three model AG-5325 package steam generating systems located at NWR’s Sturgeon Refinery, Sturgeon County, Alberta.

Foster Wheeler has received a full notice to proceed (FNTP) on this contract. The terms of the agreement were not disclosed and the contract value for the FNTP will be included in the company’s fourth-quarter 2013 bookings. Delivery of the new steam generating systems is scheduled to begin in the first-quarter of 2015.

“Our package steam generator designs employ proven techniques and components for attaining or exceeding performance standards while meeting applicable environmental regulatory requirements,” said Byron Roth, Chief Executive Officer of Foster Wheeler North America Corp. “With over 475 installations worldwide, we have earned our reputation as a supplier of high-quality, reliable and cost-effective package steam generating systems.”

The NWR Partnership is a joint venture between North West Upgrading Inc. and Canadian Natural Resources Limited, with each company owning 50% stake in the Partnership. The Partnership targets to build and operate a world-class bitumen refinery in Alberta’s Industrial Heartland, which will add significant value to the region’s bitumen resources in a responsible and sustainable manner. For more information on NWR, please visit their Web site at nwrpartnership.com.

• Foster Wheeler Awarded Contract For Design And Supply Of Three Package Steam Generating Systems

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