Foster Wheeler Ltd. (Nasdaq: FWLT) announced today that subsidiaries of its Global Power Group have been awarded a contract by a unit of the China National Petrochemical Corporation (SINOPEC) to supply two 75 MWe circulating fluidized-bed boilers. The boilers will be built at Qingdao Refinery & Chemical Co. Ltd. in Shandong Province, People's Republic of China.

　　Foster Wheeler's contract is valued at approximately $22 million and will be included in first-quarter 2006 bookings.

　　The state-of-the-art, petroleum coke-fired boilers will be designed by Foster Wheeler International Engineering & Consulting (Shanghai) Company Limited and manufactured by Foster Wheeler Power Machinery Company Limited at its facility in Xinhui, China.

　　The Qingdao project, located on the eastern coast of Shandong Province, is part of SINOPEC's continuing program of refinery expansion. The boilers will be similar in design to Foster Wheeler boilers currently under construction at SINOPEC's Yanshan Petrochemical Plant. Commissioning of the Qingdao boilers is anticipated in 2007.

　　"In the last ten years SINOPEC has purchased a total of sixteen circulating fluidized-bed boilers from Foster Wheeler," said Bernard H. Cherry, chief executive officer of Foster Wheeler Global Power Group. "We are pleased that customer satisfaction with Foster Wheeler's highly reliable CFB design has resulted in a strong and continuing relationship with SINOPEC. Providing efficient, environmentally sound technologies to countries around the world remains our highest priority."

    Source: Business Wire