Foster Wheeler has been selected by Farabi Petrochemicals Company to undertake a concept study and technology selection contract for the Jazan Petrochemicals Project in Saudi Arabia, the companies said on Thursday.
The Foster Wheeler contract value was not disclosed and will be included in the companys fourth-quarter 2013 bookings.
Farabi Petrochemicals are pleased to award this contract to Foster Wheeler and look forward to working with them to develop this key investment in our companys future, said Mohammed Al-Wadaey, president of Farabi Petrochemicals Company.
Foster Wheelers scope of work will include development of the overall concept for the project, which is planned to include a world-scale linear alkyl benzene plant and a range of units producing specialty chemicals derived from diesel feedstock.
Foster Wheeler will also recommend the technology for the production of low aromatics solvent and for the treatment of heavy fuel oil, as well as develop a capital and operating cost estimate and the invitation to tender for the front-end engineering design.
The study is scheduled for completion in the first quarter of 2014.
We are delighted that Farabi Petrochemicals Company has awarded this important strategic study to Foster Wheeler, continuing a relationship that stretches back over a decade, said Umberto della Sala, chief operating officer of Foster Wheeler.
We look forward to making a key contribution in assisting our client to progress this significant investment, and delivering a strong performance that will position us well for subsequent phases of the project," he added.