Foster Wheeler bags FEED contract for expansion of Huntsman's Isocyanates facility in China

04-Apr-11
Foster Wheeler AG’s Global Engineering and Construction Group has received a contract from Huntsman (Europe) BVBA to undertake the front-end engineering design (FEED) for the expansion of Huntsman's Isocyanates Facility at Caojing, in Shanghai, People's Republic of China. Isocyanates are used in the production of polyurethanes which have a wide range of uses in the plastics industry. The Foster Wheeler contract value for this project was not disclosed and will be included in the company's Q1-2011 bookings. Foster Wheeler's scope will include front-end engineering, technology licensor management and development of the project schedule and cost estimates. The FEED phase of the project is scheduled for completion in the third quarter of this year, with the overall project scheduled for mechanical completion by the Q4-2013. "Key to Huntsman awarding this project to us was our depth of experience in the technologies involved, the quality of our project team and proven execution capability of our Chinese operation in Shanghai," said Umberto della Sala, interim chief executive officer, Foster Wheeler AG. "We worked with Huntsman on the original development of this facility and will bring this wealth of experience to the planned expansion."
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