Foster Wheeler Italiana
has been awarded an engineering, procurement and construction supervision contract by The Kuwait Olefins Company (TKOC) for a grassroots ethylene-glycol unit (EG2 Project) to be built at Shuaiba Industrial Area,
TKOC is a joint-venture company with the majority shareholders being Petrochemical Industries Company (PIC) a wholly owned subsidiary of Kuwait Petroleum Corporation, and Dow Europe Holding, a wholly owned subsidiary of The Dow Chemical Company.
The terms of the award were not disclosed and the contract will be included in Foster Wheeler's first-quarter 2006 bookings.
The new world-scale EG2 unit, with a total capacity of 600,000 metric tonnes per year, is part of TKOC's planned Olefins II ethylene and derivatives complex.
It will use Union Carbide's METEOR ethylene oxide/ethylene glycol process technology. It is scheduled to be completed by the second quarter of 2008.