July 29, 2008
Foster Wheeler Awarded Contract for Circulating Fluidized-Bed Steam Generator for Waste-to-Energy Plant By E.ON Varme Sverige AB, Sweden
Foster Wheeler Ltd. (Nasdaq: FWLT) announced today that a subsidiary of its Global Power Group has been awarded a contract by E.ON Varme Sverige AB, Sweden for a waste-fuel-fired circulating fluidized-bed (CFB) boiler island to be located at the combined heat and power (CHP) plant in Norrkoping, Sweden.
This waste-to-energy plant using Foster Wheeler's CFB technology will divert waste headed for landfills and convert it into valuable steam and electricity. Foster Wheeler CFBs have inherently low levels of SO(X) and NO(X) emissions, which makes them ideally suited for clients who are seeking an environmentally friendly, economical and highly efficient use of municipal waste compared with traditional incineration or older burn technologies.
Foster Wheeler has received a full notice to proceed on this contract. The terms of the award were not disclosed, and the contract will be included in the company's bookings for the third quarter of 2008.
Foster Wheeler will supply the 84 thermal megawatt CFB boiler and auxiliary equipment and will carry out the erection and commissioning of the boiler island. The boiler will be designed to burn Refuse Derived Fuel (RDF) composed of sorted household and industrial wastes. The power plant will produce electricity for the local grid and will also provide heat and process steam to an adjacent industrial plant. Initial operation of the new boiler is scheduled for the fall of 2010.
"With more than 300 installations worldwide, Foster Wheeler's CFB technology is an excellent choice for clients and their customers who are thinking progressively about power generation," said Tomas Harju-Jeanty, chief executive officer, Foster Wheeler Energia Oy. "Whether it's through the use of carbon-neutral fuels or the conversion of municipal waste into energy - or the use of any one of a host of other feedstocks -- the CFB offers perhaps the broadest range of fuel flexibility on the market today."
"This is the start of E.ON Sverige's EUR 1.0 billion investment plan in CHP (Combined Heat and Power)," said Karin Jarl-Mansson, chief executive officer of E.ON Varme Sweden AB. "District heating is an important cornerstone in the production of more efficient energy and the reduction of environmental effects."
E.ON is one of the world's largest investor-owned energy services providers. With annual sales of just under EUR 69 billion and close to 88,000 employees, it is focused on its core power and gas business and its target markets: central Europe, the United Kingdom, northern Europe, Russia and Midwestern United States.
Foster Wheeler Ltd. is a global company offering, through its subsidiaries, a broad range of engineering, procurement, construction, manufacturing, project development and management, research and plant operation services. Foster Wheeler serves the upstream oil and gas, LNG and gas-to-liquids, refining, petrochemicals, chemicals, power, pharmaceuticals, biotechnology and healthcare industries. The company is based in Hamilton, Bermuda, and its operational headquarters are in Clinton, New Jersey, USA. For more information about Foster Wheeler, please visit our Web site at www.fwc.com.
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