Foster Wheeler signs Carbon Holdings PMC deal

Engineering and construction contractor Foster Wheeler has been awarded a project management consultancy (PMC) contract by Carbon Holdings for a petrochemical complex in Ain Sokhna, Egypt, with a nameplate capacity to produce 1.35 million tons a year of polyethylene.

Foster Wheeler will provide technical support and consulting services to Carbon Holdings through to financial close, which is forecast for late 2011.

Following financial close, Foster Wheeler will book the full scope of the PMC award, which includes overseeing the activities of the selected engineering, procurement and construction contractor and subcontractors.