Foster Wheeler AG (NASDAQ:FWLT) today announced that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Axion Energy Argentina S.A. (“Axion”), a subsidiary of Bridas Corporation, to provide engineering and procurement services for a new delayed coking unit based on Foster Wheeler’s SYDEC(SM) delayed coking technology, to be installed at the Campana Refinery in Buenos Aires Province, Argentina.
The Foster Wheeler contract value was not disclosed and was included in the company’s third-quarter 2013 bookings.
“Foster Wheeler brings to this project extensive experience in the design and delivery of delayed coker projects, a strong track record in executing projects in South America and impressive technical expertise in heavy crude processing,” said Umberto della Sala, Chief Operating Officer, Foster Wheeler AG.
Foster Wheeler AG 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.
