Foster Wheeler Ltd. announced that its subsidiary Foster Wheeler South Africa (Pty) Limited has been awarded an engineering, procurement and construction management contract by Sasol Technology (Pty) Ltd (Sastech) for a new research and development (R&D) facility associated with Sasol's Fischer-Tropsch process.
Foster Wheeler will design and manage the construction of the new plant which will be integrated into Sasol's extensive R&D facility at Sasolburg, South Africa. The Fischer-Tropsch process is a catalyzed chemical reaction in which carbon monoxide and hydrogen are converted into liquid hydrocarbons in various forms. Sasol's proprietary Fischer-Tropsch technology is one of three key elements of its state-of-the-art gas-to-liquids process.
The Foster Wheeler contract value was not disclosed and the project will be included in the company's third-quarter 2005 bookings.
“This contract award reflects Sastech's confidence in Foster Wheeler South Africa's ability to deliver leading-edge, complex plants,” said Mark Meyer, managing director of Foster Wheeler South Africa (Pty) Limited. “This award further develops our long-term relationship with Sasol, which now encompasses refining, chemicals, gas processing and gas-to-liquids. Foster Wheeler has been working with Sasol on their state-of-the-art gas-to-liquids process for eight years.”
“After an exhaustive selection process, we have chosen Foster Wheeler as the contractor for this Fischer-Tropsch Design Reactor (FTDR) project,” commented Geetesh Dama, FTDR project manager, Utilities, Infrastructure and R&D Projects, Sastech. “Sasol was impressed with the quality of the bid received and the professional conduct that Foster Wheeler personnel displayed during the selection process. It was clear that Foster Wheeler would ‘go the extra mile' to deliver on their promises and Sasol looks forward to a successful collaboration with Foster Wheeler.”
The basic engineering package for this new demonstration plant has been completed by Sasol. The FTDR project is scheduled for completion by the end of 2006.