Foster Wheeler Awarded Carbon Capture and Storage Consultancy Contract in The Netherlands


ZUG, Switzerland--(BUSINESS WIRE)--May. 29, 2009-- Foster Wheeler AG (Nasdaq: FWLT) announced today that its Milan-based subsidiary Foster Wheeler Italiana S.p.A., part of its Global Engineering and Construction Group, has been awarded a contract by the Rotterdam Climate Initiative (RCI) for the provision of engineering consultancy services related to RCI’s planned carbon capture, storage and utilization solution in the Rotterdam region in The Netherlands.

The value of the contract was not disclosed and was included in Foster Wheeler’s first-quarter 2009 bookings.

Established in 2007, RCI is a collaboration between the City of Rotterdam, the Rotterdam Port Authority, Deltalinqs, a representative of the plant operators, and DCMR Environmental Protection Agency of the Rotterdam-Rijnmond region.

RCI aims to achieve a 50 percent reduction in the Rotterdam region’s carbon dioxide (CO2) emissions by 2025, relative to 1990. RCI aims to achieve this goal by improving energy efficiency, increasing renewable energy production, and via a carbon capture, utilization and storage initiative involving the major CO2 emitting companies of the Rotterdam Port area. The Clinton Climate Initiative, a program of the William J. Clinton Foundation, will act as advisor to the project. The Clinton Climate Initiative, of which Rotterdam is a member, is a partnership of world cities which are committed to an active approach to climate change.

Foster Wheeler will support RCI in the economic and technical validation of engineering plans for carbon capture facilities to be developed by each individual CO2 emitter located in the Rotterdam Port area. The emissions data will also be aggregated and structured in a cohesive way to enable the definition of an Emitter Portfolio, the first step in the development of a carbon capture, utilization and storage network business plan.

-We are very pleased to have won this prestigious contract from RCI,” said Marco Moresco, chief executive officer of Foster Wheeler Italiana. -We believe that this award reflects the quality of our experience and capability in carbon capture and storage.”

-Indeed we are glad to cooperate with Foster Wheeler,” said Gerrit J. Van Tongeren, Chairman, Carbon Capture and Storage Business Platform of RCI. -We are sure that Foster Wheeler, with its experience in the field of carbon capture and storage, will inject all its expertise in the project for the maximum benefit of the Rotterdam-Rijnmond region environment.”

Foster Wheeler AG is a global engineering and construction contractor and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs over 14,000 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, 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 are in Clinton, New Jersey, USA. For more information about Foster Wheeler, please visit our Web site at

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Source: Foster Wheeler AG

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