Foster Wheeler Awarded Carbon Capture Study Contract by the CO2 Capture Project
October 07 2010 - 8:15AM
Business Wire
Foster Wheeler AG (Nasdaq: FWLT) announced today that its Global
Engineering and Construction Group has been awarded a contract by
the CO2 Capture Project (CCP)* to undertake a study to evaluate a
range of refinery, in-situ extraction of bitumen and natural gas
power generation CO2 capture scenarios.
The Foster Wheeler contract value for this project was not
disclosed and was included in the company’s third-quarter 2010
bookings.
The CCP is a partnership of seven of the world’s major energy
companies including BP, Chevron, Eni, Petrobras, Shell, Suncor,
ConocoPhillips and associate member EPRI. Since its formation in
2000, the CCP has been at the forefront of advancing the
technologies that will underpin the widespread adoption of CCS. The
CCP is now in the third phase of its work (CCP3); a critical stage
in preparing the ground for widespread deployment of CCS. The study
awarded to Foster Wheeler will contribute to this phase of the
CCP’s program.
Foster Wheeler will study the application of CO2 post-combustion
capture to a range of refinery, in-situ extraction of bitumen and
natural gas power generation CO2 capture scenarios, including both
retrofit and green-field solutions. The study is expected to be
completed at the end of the fourth quarter of 2010 with the
production of a ‘CO2 Capture Handbook’ to be used by the CCP
participants for their use in pre-screening work on carbon capture
projects.
“This award reflects the depth and range of our carbon capture
and storage expertise and our extensive energy refining and
chemicals experience. It also demonstrates the client’s confidence
in our ability to leverage this expertise and apply creativity and
outside-the-box thinking to deliver high value-added consultancy
and help our client meet its objectives,” said Umberto della Sala,
president and chief operating officer, Foster Wheeler AG.
Foster Wheeler AG is a global engineering and construction
contractor and power equipment supplier delivering technically
advanced, reliable facilities and equipment. The company employs
approximately 13,000 talented professionals with specialized
expertise dedicated to serving its clients through one of its two
primary business groups. The company’s Global Engineering and
Construction Group designs and constructs leading-edge processing
facilities for the upstream oil and gas, LNG and gas-to-liquids,
refining, chemicals and petrochemicals, power, environmental,
pharmaceuticals, biotechnology and healthcare industries. The
company’s Global Power Group is a world leader in combustion and
steam generation technology that designs, manufactures and erects
steam generating and auxiliary equipment for power stations and
industrial facilities and also provides a wide range of aftermarket
services. The company is based in Zug, Switzerland, and its
operational headquarters office is in Geneva, Switzerland. For more
information about Foster Wheeler, please visit our website at
www.fwc.com.
The CO2 Capture Project (CCP) is an award-winning partnership of
seven major energy companies, working to advance the technologies
that will underpin the deployment of industrial-scale CO2 capture
and storage.
Since its formation in 2000, the CCP has undertaken more than
150 projects to increase understanding of the science, economics
and engineering applications of CCS. The group has been working
closely with government organizations — including the U.S.
Department of Energy, the European Commission and more than 60
academic bodies and global research institutes. CCP received the
Carbon Sequestration Leadership Forum (CSLF) Recognition Award in
2009 for its contribution to the advancement of CCS.
For further information on the work of the CO2 Capture Project
please visit www.co2captureproject.com
*The contract has been awarded by BP Corporation North America
Inc. as operator on behalf of the CO2 Capture Project (CCP).
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