London, UK,
30
May
2017
|
08:00
Europe/London

Amec Foster Wheeler wins engineering contract for Italian refinery FCC revamp

Newsfacts:
  • Support for ISAB’s major turnaround for refinery planned for 2018
  • Builds on Amec Foster Wheeler's 50 years of experience in FCC units
  • Amec Foster Wheeler expertise for FCC unit revamp

Amec Foster Wheeler has been awarded an engineering contract by ISAB Srl, a Lukoil Group Company, as part of a major turnaround at their refinery in Priolo, Sicily, Italy.

ISAB has selected Amec Foster Wheeler to execute the engineering for the revamp of its facilities in 2018. The scope of work includes home office and site engineering, estimating services and technical assistance during the construction phase.

Marco Moresco, President, Downstream Capital Projects, EMEA, Amec Foster Wheeler
ISAB is a long-term customer of Amec Foster Wheeler, with our relationship dating back to the 1970s. We will once again apply our unrivalled Fluid Catalytic Cracking expertise to enable the successful implementation of this major turnaround.
Marco Moresco, President, Downstream Capital Projects, EMEA, Amec Foster Wheeler

This award builds on Amec Foster Wheeler’s track record as one of the world’s most experienced contractors in the engineering and construction of residue catalytic cracking/fluid catalytic cracking (RCC/FCC) units, with experience stretching back more than 50 years. In the last 30 years, the company has undertaken over 250 RCC and FCC projects: designed and constructed over 40 new units, and undertaken more than 200 revamps, expansions, upgrades and turnarounds for over 50 refineries in 30 countries across the world.

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 35,000 people in more than 55 countries and with 2016 revenues of £5.4 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, power and process, 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.

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.

 

Fluid Catalytic Cracking (FCC) expertise
Amec Foster Wheeler’s Fluid Catalytic Cracking (FCC) experience in Europe is unrivalled, with the company having delivered 24 FCC projects across Italy, Greece, Belgium, Turkey, Romania, Lithuania, Switzerland and Russia, since 1990.

FCC is a chemical process that uses a catalyst to create new, smaller molecules from larger molecules to make gasoline and distillate fuels.

 

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.