ZUG, Switzerland,
Jan. 18, 2012
(Business Wire) -
Foster Wheeler AG announced today that a subsidiary of its Global Power Group has been awarded a contract by Yuen Foong Yu Paper Mfg. (Yangzhou) Co., Ltd. for the design and supply of one circulating fluidized-bed (CFB) steam generator for captive use at its industrial paper complex in Yangzhou Jiangsu Province.
Foster Wheeler has received a full notice to proceed on this contract. The terms of the agreement were not disclosed and the contract value will be included in the company's first quarter 2012 bookings. Commercial operation of the new steam generator is scheduled for fourth quarter 2013.
Foster Wheeler will design and supply the 50 MWe (gross megawatt electric) CFB steam generator plus auxiliary equipment and provide site advisory services for the project. The CFB steam generator will be designed to burn coal blended with paper sludge while meeting applicable environmental regulatory requirements.
"We welcome the award of this project by Yuen Foong Yu (YFY), a valued and repeat customer," said Mark Garvey, Chief Executive Officer of Foster Wheeler Power Group Asia. "This is our fourth opportunity to supply a Foster Wheeler CFB to an YFY project. This award confirms again YFY's confidence in our world-class, competitive and environmentally friendly CFB technology."
"Since 2005, both parties had the intent to cooperate on this second Yangzhou project which we are now happy to announce today," said Mr. C. J. Chang, General Manager, East China Area, Yuen Foong Yu Paper. "We are looking forward to working with Foster Wheeler again on this upcoming project."
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 12,000 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, mining 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 Geneva, Switzerland.
