Foster Wheeler Win Program Management Services Contract

Foster Wheeler Energy has been awarded a program management services contract by Saudi Basic Industries Corporation (SABIC) for a new grassroots petrochemicals facility to be built at Yanbu Industrial City, Kingdom of Saudi Arabia.

Foster Wheeler will perform program management contractor services for the Yanbu Petrochemical Complex, including preparation of front-end engineering design and preparation and issuance of invitations to bid for each of the process units, including analysis and award recommendations for engineering, procurement and construction contractors. Foster Wheeler will also manage all EPC contractors and provide the overall management, coordination and control of all phases of the program. Mechanical completion is expected at the end of 2007.

The proposed grassroots complex, which will have an annual production capacity of 3.6 million metric tonnes, is one of the largest petrochemical complexes to be built in the Middle East and will include a 1.3 metric million tonnes per year ethylene plant. The majority of the products will be exported to SABIC's growing list of international clients.