Foster Wheeler Awarded a Contract by Esso Raffinage France for the $200 Million PJ21 Project.Business Editors HAMILTON, Bermuda--(BUSINESS WIRE)--Oct. 1, 2001 Foster Wheeler Ltd. (NYSE NYSE See: New York Stock Exchange : FWC FWC Fish and Wildlife Conservation Commission (Florida) FWC Foster Wheeler Corporation (Clinton, NJ) FWC Family Winemakers of California FWC Fresh Water Cooling FWC Flight Warning Computer ) announced today that its French subsidiary, Foster Wheeler France S.A., was awarded a contract by Esso Raffinage S.A.F S.A.F Sport Association ., a French affiliate of ExxonMobil, for the front end engineering design of the major part of the PJ21 project, developed for their Port-Jerome Gravenchon refinery in Normandy, France. The total project value is approximately $200 million. The PJ21 project includes a new grassroots Gofiner unit, the upgrading of the existing fluid catalytic cracking unit to increase the automotive fuel and propylene propylene /pro·pyl·ene/ (pro´pi-len) a gaseous hydrocarbon, CH3CHdbondCH2. propylene glycol a colorless viscous liquid used as a humectant and solvent in pharmaceutical preparations. production, the expansion of the sulfur recovery units, and associated units, such as monoethanolamine treatment, sour water stripper, flare and offsites. Giorgio Veronesi, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Foster Wheeler France, said that this contract was an important success for the company. "Foster Wheeler executed the very first work in Normandy for ESSO France 72 years ago. This award recognizes our staff's experience and abilities by a major well-respected client, for whom we have been working successfully throughout the years, in many different locations." The project will be executed out of Foster Wheeler's Paris and Milan offices. Work will start in November 2001 and start-up of the units is planned for the third-quarter 2004. Note to Editors: 1. Foster Wheeler Ltd. is a global company offering, through its subsidiaries, a broad range of design, engineering, construction, manufacturing, project development and management, research, plant operation and environmental services. The corporation is based in Hamilton, Bermuda, and its operational headquarters are in Clinton, N.J. For more information about Foster Wheeler, visit our World-Wide Web site at www.fwc.com. 2. Definitions: Gofiner--an Esso technology for desulfurizing crude and converting heavy oil to light fractions Catalytic cracking --The process of breaking up heavier hydrocarbon molecules into lighter hydrocarbon fractions by using heat and catalysts Monoethanolamine--a particular chemical compound used to remove hydrogen sulfide hydrogen sulfide, chemical compound, H2S, a colorless, extremely poisonous gas that has a very disagreeable odor, much like that of rotten eggs. It is slightly soluble in water and is soluble in carbon disulfide. and carbon dioxide carbon dioxide, chemical compound, CO2, a colorless, odorless, tasteless gas that is about one and one-half times as dense as air under ordinary conditions of temperature and pressure. from gas streams Sour water stripper--a distillation device used to remove hydrogen sulfide from water Flare--a safety device used to burn combustible com·bus·ti·ble adj. Capable of igniting and burning. n. A substance that ignites and burns readily. waste gases in a controlled manner |
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