FWC – PetroRabigh to produce 1.5mn tons/y of ethylene

15 Feb '06

3 min read

Engineering design services company Foster Wheeler Ltd (FWC) announced that its subsidiaries Foster Wheeler Energy Limited and Foster Wheeler Arabia Ltd have been awarded an engineering, procurement and construction (EPC) contract by Rabigh Refining and Petrochemical Company (PETRORabigh) for the utilities and offsites of PETRORabigh's world-scale, integrated refining and petrochemical complex at the Red Sea town of Rabigh, Saudi Arabia.

PETRORabigh is a joint venture between Saudi Aramco and Sumitomo Chemical Co. Limited. The Foster Wheeler contract value was not disclosed and the project will be included in the company's first-quarter 2006 bookings.

"The award of this contract for one of the world's most significant refinery/petrochemical investments reinforces our position as a leading engineering, procurement and construction contractor," said Steve Davies, chairman and chief executive officer of Foster Wheeler Energy Limited.

"We have been working with PETRORabigh on the overall Rabigh Development Project for 18 months executing the feasibility study and developing the front-end engineering design. We will combine our in-depth knowledge of this integrated refinery and petrochemicals complex, together with our proven EPC project execution expertise, to deliver a world-class performance for the offsites and utilities which are critical to the whole development."

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