Tecnimont, Foster Wheeler collaborate on petchem, ferts projects

18 February 2014 09:08 Source:ICIS News

SINGAPORE (ICIS)--Italy’s Maire Tecnimont said on Tuesday its US subsidiary and Foster Wheeler have agreed to collaborate on petrochemicals, chemicals and fertilizer projects in the US, Canada and Mexico.

The collaboration agreement signed between Tecnimont USA and Foster Wheeler covers front-end engineering design (FEED), detailed engineering, procurement and construction (EPC) of the projects, the Italian engineering firm said in a statement.

Foster Wheeler is a known FEED and EPC contractor in North America, while Tecnimont has a leading track record in technology-driven chemicals sectors, particularly in polyolefins, Maire Tecnimont said.

“This agreement represents a further step in the implementation of Maire Tecnimont Group’s strategy in the booming North American market,” company CEO Pierroberto Folgiero said, citing “the shale gas revolution is reshaping the geography of the global downstream industry”.

By Pearl Bantillo