Amec Foster Wheeler appointed preferred engineering partner for Applied Graphene Materials
• Supporting commercial development of innovative technology
• Pre-Feed and FEED proprietary process for producing high purity graphene nanoplatelets
Amec Foster Wheeler announces today that it has been appointed as preferred engineering partner by Applied Graphene Materials, a leading innovator in the manufacture and application of graphene.
The contract, the amount of which has not been disclosed, involves the pre-Front End Engineering Design (FEED) provision of engineering support, working with the client to refine its conceptual design for a proposed commercial scale plant, in advance of the FEED study.
Amec Foster Wheeler is providing engineering recommendations to support the commercial development of Applied Graphene Materials’ proprietary process. In the pilot stage this has produced high purity graphene nanoplatelets based on sustainable, readily available raw materials. This is in contrast to other graphene production techniques which rely on the supply of graphite.
I’m delighted to bring together the combined skills and expertise of Amec Foster Wheeler to deliver cutting edge solutions to support the commercial development of Applied Graphene Materials’ exciting new technology. We have a solid track record in undertaking studies and developing innovative and practical solutions for proprietary technology providers.
Amec Foster Wheeler (www.amecfw.com) designs, delivers and maintains strategic and complex assets for its customers across the global energy and related sectors.
With pro-forma 2014 annualised scope revenues of £5.5 billion and over 40,000 people in more than 55 countries, the company operates across the whole of the oil and gas industry – from production through to refining, processing and distribution of derivative products – and in the mining, clean energy, power generation, pharma, environment and infrastructure markets.
Amec Foster Wheeler shares are publicly traded on the London Stock Exchange and its American Depositary Shares are traded on the New York Stock Exchange. Both trade under the ticker AMFW.
Graphene possesses a unique combination of electrical, mechanical and thermal properties, which gives it the potential to replace existing materials in a wide range of applications and, in the long term, to enable new applications. Since graphene's discovery in 2004 it has excited scientists, researchers and industry worldwide with its potential. For example it is extremely light but extremely tough. It is 200 times stronger than steel, but it very flexible. It is fire resistant yet retains heat.
This announcement contains statements which constitute “forward-looking statements”. Forward-looking statements include any statements related to the timing and success of contracts, and are generally identified by words such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “will,” “may,” “continue,” “should” and other similar expressions. Forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Amec Foster Wheeler, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking statements.
Amec Foster Wheeler does not undertake to update any of the forward-looking statements after this date to conform such statements to actual results, to reflect the occurrence of anticipated results or otherwise.