Foster Wheeler has signed a collaboration agreement with the US subsidiary of Italy's Maire Tecnimont for front-end engineering (FEED) design, detailed engineering, procurement and construction (EPC) of petrochemicals, chemicals and fertilizer facilities in the US, Canada, and Mexico.
Foster Wheeler and Tecnimont say they will collaborate in pursuing specific opportunities for new plants and plant revamps.
This collaboration aims to deliver clients significant added value, combining the world-class skills of both companies: Foster Wheeler with its global chemicals project history and reputation as a FEED and EPC contractor in North America, and Tecnimonts track record in technology-driven chemicals sectors, including olefins and fertilizers and, in particular, polyolefins (polyethylene and polypropylene).
Delivering growth in the North American gas monetization market is a key strategic objective of Foster Wheeler, said Roberto Penno, CEO of Foster Wheeler global engineering and construction (E&C) business.
We have already achieved a number of key wins in this sector, and this outstanding combination of the technical and project delivery skills of Foster Wheeler and Tecnimont is designed to position us strongly in key growth sectors in this market.