Foster Wheeler Awarded Contract for Engineering, Procurement and Related Services for CODELCO Molybdenum Refinery in Chile
December 02 2013 - 7:30AM
Business Wire
Foster Wheeler AG (Nasdaq:FWLT) announced today that a
subsidiary of its Global Engineering and Construction Group has
been awarded a contract for engineering, procurement and related
services for a grassroots molybdenum refinery in Chile. The
contract was awarded by MOLYB Ltda., an affiliate company of
CODELCO, the Chilean Copper Corporation, the world's largest copper
producing company and also a leading molybdenum concentrate
producer. The new facility, planned to be one of the largest of its
kind, will be located near Mejillones in northern Chile.
The terms of the award were not disclosed and the contract value
was included in the company's third-quarter 2013 bookings.
Foster Wheeler will undertake detailed engineering and provide
procurement assistance and field engineering services for the new
refinery, which is planned to process and refine 16,000 tonnes per
annum (TPA) of molybdenum feedstock, obtained from various CODELCO
copper concentrator plants, expected to yield molybdenum as well as
copper, rhenium and sulfuric acid as by-products. Molybdenum and
rhenium are used in electronics, special steels, petroleum
refineries and the aerospace industry. Foster Wheeler’s scope of
work is scheduled to be completed during the second quarter of
2015.
“This latest award is a further important step in the extension
of our Minerals and Metals track record and in the further
development of our already excellent working relationship with
CODELCO,” said Dave Lawson, President and Global Leader of Minerals
and Metals, Foster Wheeler AG. “This award reflects CODELCO's
continued confidence in the quality of our technical expertise in
minerals processing and our project execution.”
Foster Wheeler AG is a global engineering and construction
company 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, minerals and metals,
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 Reading,
United Kingdom. For more information about Foster Wheeler, please
visit our Web site at www.fwc.com.
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Foster Wheeler AGMedia:United StatesPatti
Landsperger, +1 908 713-2944patti_landsperger@fwc.comorInvestor
RelationsScott Lamb, +1 908
730-4155scott_lamb@fwc.comorOther Inquiries+1 908
730-4000fw@fwc.com
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