Singapore design project gets green light

Foster Wheeler has been authorised to proceed with the early phase of the front-end engineering design for parts of the Singapore Parallel Train project.

Foster Wheeler has been authorised by ExxonMobil Asia Pacific to proceed with the early phase of the front-end engineering design (FEED) for certain downstream units and associated plant infrastructure of the Singapore Parallel Train (SPT) project.

In January 2006, Foster Wheeler announced the award of a project co-ordination and services contract by ExxonMobil Asia Pacific to a team of Foster Wheeler and WorleyParsons for the study phase of the SPT project, a potential new world-scale steam-cracking complex at ExxonMobil's Singapore refining and chemical plant site.

The possible new complex now under study includes an ethylene cracker and downstream plants for the production of ethylene and propylene derivatives.

The Foster Wheeler team has been authorised, under its contract, to undertake the FEED of selected process units and the overall SPT project infrastructure.

The Foster Wheeler contract value for this phase of the FEED was not disclosed and will be included in the company's second- and third-quarter 2006 bookings.

"We are pleased that this project has now progressed to the next stage", said Steve Davies, Chairman and Chief Executive Officer of Foster Wheeler Energy.

"We have built an excellent working relationship with the ExxonMobil team and are committed to leveraging our in-depth technical expertise to deliver a high-quality FEED to assist ExxonMobil in realising its plans for a world-scale steam-cracking complex in Singapore".

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