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Business & Economics :: Latest News

November 4, 2008

Foster Wheeler wins contract for wax expansion project in South Africa

Kinga Szalecki

Foster Wheeler Ltd., (Clinton, N.J.; www.fwc.com), a global engineering and construction contractor and power equipment supplier, announced that its South African subsidiary, Foster Wheeler South Africa, has been awarded a front-end-engineering design (FEED) contract. The contract was awarded by Sasol Chemical Industries Ltd. for the Sasolburg-Fischer-Tropsch Wax Expansion Project in South Africa and is scheduled for completion in the second quarter of 2009.

Foster Wheeler’s scope of work on the FEED contract includes basic engineering, detailed engineering and procurement of long-lead-equipment items, technology-licensor management and development of the project schedule and cost estimate that will form the basis for project sanction. The project is expected to increase production of medium waxes and liquid paraffins by approximately 50%. The Foster Wheeler contract value for this project was not disclosed and will be included in the company’s fourth-quarter 2008 bookings.

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