Foster Wheeler Wins EPCM Contracts for Propylene Facility in Thailand

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Researched by Industrial Info Resources (Sugar Land, Texas)--Foster Wheeler Limited (NASDAQ:FWLT) (Clinton, New Jersey), a global engineering and construction company, has announced that its Thailand-based subsidiary, Foster Wheeler International Corporation (Sriracha, Chonburi), has bagged engineering, procurement and construction management (EPCM) contracts from MTP HPPO Manufacturing Company Limited (Bangkok, Thailand) for a new chemicals facility in Banchang near Map Ta Phut. MTP HPPO is a subsidiary of Siam Styrene Monomer Company Limited, a joint venture between The Dow Chemical Company (NYSE:DOW) (Midland, Michigan) and The Siam Cement Public Company Limited (SET:SCC) (Bangkok).

Foster Wheeler will provide EPCM services to build a new 390,000-ton-per-year propylene oxide plant and for the power, utilities and infrastructure project, which will in turn feed the new chemical facility. The company's Thai branch has completed the front-end design for the project. Foster Wheeler has also been awarded the contract for overall services support. The company expects the plant to be commercially operational by 2011. The financial terms and value of the contracts has not been disclosed yet.

Propylene oxide is used to manufacture industrial raw materials, such as polyurethane, propylene glycol and glycol ether. They are value-added products that find a wide range of applications in construction, automotive appliances, furniture and athletic equipment, among others. Propylene oxide is prepared from propylene and hydrogen peroxide. Raw material for producing propylene oxide will be supplied by Map-ta-phut Olefins Company and Dow's joint venture with Solvay S.A. (OTC:SVYSY) (Brussels, Belgium).

Foster Wheeler's role in MTP HPPO's upcoming chemical facility is of paramount importance to the Thai Growth project. MTP HPPO will leverage on Foster Wheeler's expertise to set up chemical facilities, execute EPC projects, and the advantage of delivering locally from Sriracha. Foster Wheeler has provided design, construction and engineering services for various projects in oil and gas, liquefied natural gas and gas to liquids, refining, petrochemicals, power, environmental, pharmaceuticals, biotechnology and healthcare sectors across the world. Foster Wheeler has a significant presence in the region. The company recently commissioned a120,000 tons per year methyl methacrylate plant on Jurong Island in Singapore ahead of schedule.

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