You are currently viewing: News



06-09-2017

Amec Foster Wheeler wins EPC contract for US methanol plant

Amec Foster Wheeler has been awarded a US$604 million engineering, procurement and construction (EPC) fixed price contract for part of a US$1.85 billion methanol plant being developed by Yuhuang Chemical Inc (YCI), a US-based subsidiary of China’s Shandong Yuhuang Chemical Company Co. Ltd. The first phase of the project, which includes the construction of a 1.8 million-tonne per annum methanol plant, is being built at YCI’s 1,300-acre site in St. James Parish, Louisiana, U.S.

The contract award reflects Amec Foster Wheeler’s strategy to grow both its chemicals business - as demand increases due to comparatively low oil and gas prices and its EPC portfolio. It follows the successful completion of an earlier phase of work at the plant awarded to Amec Foster Wheeler in 2015, covering engineering, project management, procurement and early construction services. The deep knowledge of the plant gained over the last two years, coupled with the recent local construction experience of Amec Foster Wheeler’s Power & Process business, gives an advantage for both contractor and client. The Power & Process business has successfully executed US$3 billion of lump sum EPC work in the last three years.

In this latest contract award, Amec Foster Wheeler will combine the expertise and skills of its Oil, Gas & Chemicals and its Power & Process businesses to carry out specific infrastructure and utilities engineering work, the procurement of bulk items and selected tagged equipment, and the construction of the methanol plant.

In line with the ‘full notice to proceed’, US$604 million will be added to the Company’s order book in the second half of the year.

"We are very pleased to continue working with Amec Foster Wheeler to complete on time and budget the project in order to start the distribution of the IMPCA* quality methanol produced at the plant in Q4-2019." Dr. Charlie Yao, President of YCI

"I’m delighted that we have been entrusted to continue supporting YCI on the largest grassroots foreign direct investment by a Chinese company on the Gulf Coast of the United States. Winning this contract is a further demonstration of how we are leveraging our multi-market capabilities to better serve our clients, extend our presence in high-growth areas, such as the chemicals market, and contribute to the growth of our order book.

We look forward to working with YCI to meet the project’s challenges, and delivering safely and successfully this new world-scale facility to operate at full capacity." Jonathan Lewis, Chief Executive Officer, Amec Foster Wheeler plc.

Sponsor : 

Other News Items

Metso hosts ISO meeting to develop international standards in flow control

On September 25-29, Metso will host the ISO/TC 161 meeting at its Valve Technology Center in Finland's capital city area. The meeting gathers together leading stakeholders, ...

22-09-2017

Chart completes acquisition of Hudson Products

Chart Industries, Inc announced that on September 20, 2017 it completed the acquisition of Hudson Products Corporation for $410 million in cash from Riverstone Holdings ...

21-09-2017

Dow announces start-up of world-scale ethylene production facility

DowDuPont Materials Science, the business division of DowDuPont to be named Dow, announced the startup of its new integrated world-scale ethylene production facility ...

21-09-2017

New project for AXION Energy in Argentina

In July, AXION Energy signed a contract with Techint E&C to expand the Catalytic Cracking Unit (FCCU) in its Campana’s Refinery, in the province of Buenos Aires. ...

21-09-2017

Baker Hughes a GE company and KBC announce partnership

Baker Hughes, a GE company and KBC a wholly-owned subsidiary of Yokogawa Electric Corporation, announced today a preferred partnership that will provide a combination ...

19-09-2017

Athlon Solutions move to new corporate headquarters

Athlon Solutions moved its corporate headquarters and technical center in  mid-August to a combined corporate office/laboratory in northwest Houston. The move ...

19-09-2017

Siemens and PAS announce global strategic partnership

Siemens, a global engineering and technology leader, and PAS Global, the leading provider of industrial control system (ICS) cybersecurity solutions, announced an agreement ...

19-09-2017

ClearSign Texas refinery project successfully concludes operational testing

ClearSign Combustion Corporation, a leading provider of industrial combustion technologies that deliver unmatched reduction of pollutant emissions while improving operational ...

19-09-2017

Chevron Phillips Chemical commissions new Marlex® polyethylene units

Chevron Phillips Chemical Company LLC (Chevron Phillips Chemical) announced today it has successfully completed commissioning and begun start-up of its new polyethylene ...

19-09-2017

CB&I to supply storage tanks for greenfield refinery project in Oman

CB&I today announced a consortium between CB&I and Saipem S.p.A. has been awarded a contract by Duqm Refinery and Petrochemicals Industries Company L.L.C. (DRPIC) ...

18-09-2017