Enterprise awards Foster Wheeler EPC contract for Texas PDH project

06-Aug-13

Foster Wheeler AG’s subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement and construction (EPC) contract by Enterprise Products Operating LLC, a subsidiary of Enterprise Products Partners L.P., for a propane dehydrogenation unit (PDH) and associated power, utilities and infrastructure at Mont Belvieu, Texas, U.S. The contract value was not disclosed. An initial release of engineering and procurement services, made under Foster Wheeler's Master Services Agreement with Enterprise, will be included in the company's second-quarter 2013 bookings. The balance of the EPC work will be booked with the execution of this EPC contract and will be included in the company's third-quarter 2013 bookings. The construction phase of the project will be executed through Foster Wheeler's combined use of direct-hire labor and subcontractors. The award for this world-scale project is clear evidence of our ability to be a major player in the U.S. chemicals market, reflecting our extensive chemicals expertise and confirming our EPC project execution capability," said Umberto della Sala, President and Chief Operating Officer of Foster Wheeler AG. "It is a significant step forward in the expansion of our relationship with Enterprise, and we are focused on delivering world-class performance to meet our client's business objectives."