TKOC contract for Foster Wheeler

News

Foster Wheeler Italiana has been awarded an engineering, procurement and construction supervision contract for a grassroots ethylene-glycol unit to be built at Shuaiba Industrial Area, Kuwait.

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,

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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.

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