Foster Wheeler on Tuesday was awarded a contract
by The World Bank Group to provide consulting services in the
field of carbon capture and transportation in China.
The value of the award was not disclosed and will be
included in Foster Wheelers third-quarter 2012 bookings,
according to the company.
The World Bank said it launched the analytical and
advisory assistance program in China in order to build the
countrys understanding of, and capacity for, application
of carbon capture and storage (CCS).
Foster Wheeler said it will support the program, which is
financed by the World Bank under its CCS Trust Fund, to help
build know-how and capability for this technology in developing
The main objective for Foster Wheeler under the contract is to
strengthen the CCS and transportation know-how of the China
Power Investment Corporation (CPI), one of the largest power
producers in China, and of relevant government
Foster Wheelers scope of work is expected to be
completed in June 2013.