London, UK,
23
May
2016
|
08:00
Europe/London

Amec Foster Wheeler wins share of nuclear industry research contracts

Newsfacts:
  • Assisting Nuclear Decommissioning Authority
  • Providing innovative waste management and remediation solutions
  • 10 consortia share contracts worth up to £12m

Amec Foster Wheeler announces today that it has secured two framework contracts to assist the UK's Nuclear Decommissioning Authority (NDA) with innovative solutions to some of its technical challenges.

The awards under the NDA’s Direct Research Portfolio (DRP) are divided into two, the first (Lot B) covering integrated waste management and site remediation; and the second (Lot C) covering spent fuel and nuclear materials.

The research and development frameworks are part of an overall package worth up to £12m and are being shared by 10 consortia, including the two led by Amec Foster Wheeler.

These awards deal with some of the industry’s biggest technical challenges and position us at the vanguard of innovation. The awards also enhance and further hone our expertise and put it at the service of the NDA.
Andy White, Vice President for Decommissioning in Amec Foster Wheeler’s Clean Energy Europe business
Overall we were delighted with the high quality of the submissions and look forward to working with the organisations on our strategic R&D programme. We now have new multi-supplier contracts aligned with our key strategic themes. With many new organisations involved for the first time we will have broad input into addressing our R&D requirements.
Yvonne Morris, Nuclear Decommissioning Authority’s Research Manager
Notes to editors

Amec Foster Wheeler (www.amecfw.com) designs, delivers and maintains strategic and complex assets for its customers across the global energy and related sectors.

 

Employing around 40,000 people in more than 55 countries and with 2015 revenues of £5.5 billion, the company operates across 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 offers full life-cycle services to offshore and onshore oil and gas projects (conventional and unconventional, upstream, midstream and downstream) for greenfield, brownfield and asset support projects, plus leading refining technology.

 

The company’s nuclear business stands out for its ability to bring world-leading expertise, technology and scientific capabilities to customers’ challenges throughout the life-cycle from new build and reactor operations to life extension and decommissioning. With 4,000 nuclear specialists around the world, we’re able to support our customers with local resources.

 

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.

 

 

Lot B and C contracts

 

For the Lot B contract, the Amec Foster Wheeler-led consortium includes Andra, Brenk Systemplanung and Jülich Research Centre, Cogentus Consulting, DAS Ltd, Imperial College London, Longenecker & Associates, MMI Engineering, NuVision, OC Robotics, Fortum, University of Birmingham, University of Bristol, University of Cambridge, and University of Manchester.

 

And for Lot C, Amec Foster Wheeler led a consortium that includes Andra, Brenk Systemplanung and Jülich Research Centre, DAS Ltd, Fortum, Imperial College London, MMI Engineering, NPL, NRG, OC Robotics, Studsvik, University of Birmingham, University of Manchester, University of Bristol, University of Cambridge, and Loughborough University.

 

The DRP contracts will address cross-industry requirements identified by the Nuclear Decommissioning and Waste Research Forum.

 

 

Forward-Looking Statements

 

This announcement contains statements which constitute “forward-looking statements”. Forward-looking statements include any statements related to the timing, results 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.