Foster Wheeler awarded alliance contract by Huntsman Petrochemicals

Foster Wheeler Energy Limited, has been selected by Huntsman Petrochemicals (UK) Ltd as their Project, Design and Technical Services Alliance Partner for a period of three years for the Wilton and North Tees sites in the north east of England.


HAMILTON, Bermuda, March 17, 2004 -- Foster Wheeler Ltd. announced that its subsidiary, Foster Wheeler Energy Limited, has been selected by Huntsman Petrochemicals (UK) Ltd as their Project, Design and Technical Services Alliance Partner for a period of three years for the Wilton and North Tees sites in the north east of England.

These facilities comprise the assets of Huntsman's olefins, aromatics and polyurethanes businesses.

Under the scope of the contract, Foster Wheeler will provide front-end engineering, project management and detailed engineering services and plant technical support, with options for procurement and construction management services. The Alliance will be managed from Foster Wheeler's Teesside Operations at Middlesbrough, close to both sites, with additional specialist technical support provided from Foster Wheeler's Reading office.

Ian Bill, chairman and chief executive of Foster Wheeler Energy Limited, commented: "We are pleased to have been selected for this strategically important contract and delighted to have the opportunity to work with Huntsman for a further three years to help them meet their business objectives.

"This type of 'plant gate' alliance, where we deliver services locally, either at or very close to our clients' assets, with the full and flexible support of specialists from our Reading operations, is a very important business line for us.

"Our Teesside operations has similar alliance relationships with a number of other multinational companies with assets in the region. Working in such close proximity with our clients helps us develop a much deeper understanding of their objectives, and engenders an environment in which we can deliver continuous improvement, including cost reduction, schedule reduction and further step-changes in safety performance."

Paul Booth, vice president, Huntsman Petrochemicals (UK) Ltd, said: "Such is the importance of these sites to Huntsman's global business, that it was vital that we selected a partner to assist us in finding ways to run our manufacturing sites more efficiently and cost effectively. We were already delighted with the standard of work undertaken by Foster Wheeler for us in the past, and we look forward to further developing our partnership in the future."

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