Price and market trends: Foster Wheeler wins contract for Enterprise Products Texas PDH unit

09 August 2013 09:23  [Source: ICB]

Switzerland-based petrochemical engineering firm Foster Wheeler has won an engineering, procurement and construction (EPC) contract from US oil and gas company Enterprise Products Partners to build a propane dehydrogenation plant.

No contract value was disclosed for the unit, to be constructed in Mont Belvieu, Texas, but Foster Wheeler stated that an initial release of engineering and procurement services for the project would be included in its second-quarter earnings statement, to be announced on 8 August.

The balance of the EPC work will be booked in the company's third-quarter results, it added.


By: Tom Brown
+44 208 652 3214



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