Dec 22 2010
Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Kuwait Petroleum International Lubricants for the provision of detailed engineering services for a brownfield lube oil blending plant to be built at Kuwait Petroleum’s facility at Antwerp, Belgium.
The lube oil blending plant will be designed to substantially enhance the ability of the Antwerp facility to operate at European scale by increasing the production capacity from 125 million to 250 million liters per year. The detailed engineering activities will be completed by mid 2011.
Kuwait Petroleum International Lubricants is increasing the plant’s capacity to keep pace with the growth of its Q8Oils and Roloil branded business and to give it the option of toll blending for other companies.
The value of Foster Wheeler’s contract was not disclosed and was included in the company’s third-quarter 2010 bookings.
“Their excellent reputation and world-wide experience led us to award this contract to Foster Wheeler,” said Giuliano Franzi, Managing Director, Kuwait Petroleum International Lubricants. “We are confident that the implementation of our project will be a success.”