Foster Wheeler Wins Contract For Retrofit-SCR System

Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Power Group has been awarded a contract by Turun Seudun Energiantuotanto Oy (TSE) for the design, supply and erection of a retrofit-selective catalytic reduction (SCR) system for TSE’s Naantali unit 3 in Finland.

Foster Wheeler has received a full notice to proceed on this contract. The terms of the agreement were not disclosed, and the contract value will be included in the company’s bookings for the second-quarter of 2014. Commercial operation of the SCR system is scheduled for October 2015.

Foster Wheeler will design, supply, erect and commission the selective catalytic NOx reduction system for the Naantali 125 MWe pulverized coal fired boiler (unit 3). The supply includes a new SCR reactor with catalyst and steel structures, ammonia water storing and feeding system, flue gas ducts and new ID-fans.

“This retrofit-SCR project awarded in Europe is indicative of Foster Wheeler’s competitiveness in environmental technology in the region,” said Tomas Harju-Jeanty, Chief Executive Officer of Foster Wheeler Energia Oy Group. “Due to the significant economic benefit of using coal for power generation, clients are choosing Foster Wheeler to provide high value solutions to improve their plants’ environmental performance.”

“TSE-Naantali Oy has made a decision to continue the operation of Naantali unit 3 in parallel with the new Naantali unit 4 combined heat and power plant,” said Tapani Bastman, Chief Executive Officer of TSE-Naantali Oy. “Due to the new emission directive, an effective and reliable DeNOx system is needed to reach the new demanding emission level. This is a considerable investment for air pollution prevention.”

Foster Wheeler AG (FWLT) is a global engineering and construction company and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 13,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups. The company’s Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, minerals and metals, environmental, pharmaceuticals, biotechnology and healthcare industries. The company’s Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and
erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland, and its operational headquarters office is in Reading, United Kingdom.

Foster Wheeler website : www.fwc.com.