Foster Wheeler Ltd has announced that its subsidiary, Foster Wheeler Energy Ltd, part of its Global Engineering and Construction Group, has been awarded a front-end engineering design (FEED) and project management consultancy (PMC) services contract by Osos Petrochemicals Co. for a planned petrochemicals complex to produce polybutylene terephthalate at Yanbu, Saudi Arabia. In executing the FEED, Foster Wheeler’s role will also include the basic design for the utilities and offsites of the project. The Company will provide PMC services up to the engineering, procurement and construction (EPC) award phase and will be involved in the preparation of a project cost estimate, issuance of an invitation to bid for the EPC phase, evaluation of EPC bids and assistance with the EPC award. The new petrochemicals complex comprises four licensed technology process units plus associated utilities, offsites and common facilities. The complex will produce 60,000tns per annum of polybutylene terephthalate, a plastic used as an insulator in the electrical and electronics industries.
