Foster Wheeler AG announced that a subsidiary of its Global Engineering and Construction Group has been awarded a contract for the design and supply of a carbon monoxide (CO) incinerator package for a residue fluidized catalytic cracker. The contract was awarded by JGC Corporation (UK) Ltd, which is acting on behalf of the engineering, procurement and construction consortium for the US$9 billion Nghi Son Refinery and Petrochemical complex to be constructed in the Nghi Son Economic Zone, Thanh Hoa Province, Socialist Republic of Vietnam.

The Foster Wheeler contract value was not disclosed and will be included in the company’s first-quarter 2014 bookings.

Foster Wheeler will design the incinerator in accordance with the CO emissions requirements of the new complex. The CO incinerator is expected to be shipped FOB (free on board) as one single module during the second quarter of 2015.

“This award reinforces Foster Wheeler’s position as a leading supplier of CO incinerator technology,” said Roberto Penno, Chief Executive Officer of Foster Wheeler’s Global E&C Group. “Supplying this equipment as a single module reduces field construction time, delivering major safety and schedule benefits. The incinerator will also be designed to help meet the low emissions targets of the new complex. This is a very important second award for this complex in Vietnam for our UK Fired Heater Division, and follows the first award, in 2013, of two Terrace Wall™ hydrogen reformers.”

About Foster Wheeler

Foster Wheeler AG (Nasdaq:FWLT) is a global engineering and construction company and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 13,000 talented professionals with specialized 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, minerals and metals, 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, and its operational headquarters office is in Reading, United Kingdom.

About JGC Corporation

JGC Corporation is an international engineering and construction company based in Yokohama, Japan, with multiple operating centers and the capacity for executing large-scale projects around the globe. JGC is currently executing projects in Saudi Arabia, Vietnam, Indonesia, Singapore and other countries. Established in 1928, JGC has a strong background in project execution of both hydrocarbon and non-hydrocarbon related projects with annual sales turnover of approximately $6.5 billion.

About PetroVietnam

PETROVIETNAM, Vietnam Oil and Gas Group is a state-owned company. On June 18th 2010, the Prime Minister issued the Decision No. 924/QĐ-TTg accepting that PETROVIETNAM is the State-owned Company Limited-Vietnam Oil and Gas Group (short name is Vietnam Oil and Gas Group) with international transaction name is Petrovietnam, PVN for short.

See the site of Nghi Son Refinery