Foster Wheeler awarded contract for new Terrace Wall™ steam reformer in Russia

Friday, Sep 07, 2012

Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by JSC Gazprom Neftekhim Salavat, for the engineering and material supply of a new double-cell Terrace Wall™ steam reformer heater and air preheating system to be built at the Salavat Refinery, in the Republic of Bashkortostan, Russia.

The value of Foster Wheeler's contract was not disclosed and was included in the company's second-quarter 2012 bookings.

The Terrace Wall™ steam reformer will be part of a hydrogen production unit being built by Gazprom Neftekhim Salavat. The plant is designed to produce up to 27,500 Nm3/h of hydrogen and it is based on Foster Wheeler's hydrogen technology and process design package, which package has been recently completed by Foster Wheeler.

Foster Wheeler's scope of work for this award is expected to be completed in November 2013.

Foster Wheeler's Terrace Wall™ reformer is characterized by a specific firing arrangement and sloped-wall radiant section design that enable long catalyst tube life and deliver the flexibility to maximize the reformer's operating flexibility. Foster Wheeler's reformers can operate with ultra-low-NOx burners to meet tightening environmental emission standards worldwide. Foster Wheeler has supplied over 200 Terrace Wall™ steam reformers to the refining and petrochemical industries in more than 40 countries worldwide.

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 12,000 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, mining 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 Geneva, Switzerland. For more information about Foster Wheeler, please visit our Web site at http://www.fwc.com.

Source: Foster Wheeler AG