Foster Wheeler Enters into Collaboration Agreement with ZeoGas LLC on US Gulf Coast Gas-to-Gasoline Plant
18 Setembro 2014 - 8:30AM
Business Wire
Foster Wheeler AG (NASDAQ:FWLT) announced today that a
subsidiary of its Global Engineering and Construction Group has
entered into a Collaboration Agreement with ZeoGas LLC. In the
first instance, Foster Wheeler will support ZeoGas’ final site
selection and project planning towards the development of ZeoGas’
first fuels manufacturing plant, to be located on the US Gulf
Coast.
The terms of the agreement were not disclosed, and the contract
value for an initial release of work related to the development of
a cost estimate and assistance in final site selection and due
diligence will be included in the company’s third-quarter 2014
bookings. Further bookings will be made as work is released by
ZeoGas.
ZeoGas’ “Syngas to ZeoGas TM” Process (STZ TM) converts a
variety of feedstocks to synthesis gas and then to transportation
fuels. ZeoGas previously announced that it has licensed from Air
Liquide Global E&C Solutions, a subsidiary of Air Liquide
Group, the world leader in gases, technologies and services for
Industry and Health, (“Air Liquide”) its 5,000 metric ton per day
MegaMethanol® production process technology for its first plant to
convert clean natural gas feedstock to syngas and then to methanol.
ZeoGas has also announced that it has licensed ExxonMobil Research
and Engineering Company’s (EMRE) methanol to gasoline (MTG)
technology to produce RON 92, zero-sulfur, low benzene
gasoline.
“Our first plant is unique because it’s based exclusively on two
proven, commercial-scale technologies and provides a significant
volume of product derived from plentiful natural gas. Our
partnership with Foster Wheeler completes the integrated approach
ZeoGas has taken in developing our technology and engineering teams
around global leaders that have deep experience with these proven
technologies and in successfully delivering world-scale projects,”
said Timothy D. Belton, Founder and CEO of ZeoGas. “Foster Wheeler
is one of the largest and most reputable global engineering,
procurement, and construction firms serving the petroleum and
petrochemical industries. We expect this collaboration to be the
foundation for building a portfolio of ZeoGas STZ TM plants in
North America and elsewhere.”
“Foster Wheeler has a longstanding track record in the
development and safe, successful delivery of technically complex,
world-scale projects, and in-depth technical expertise in a wide
range of innovative gas-to-products solutions. We have a talented
team working on ZeoGas’ exciting planned investment and I believe
we have already established the very close working partnership with
ZeoGas that will enable us to add real value during the development
of this ground-breaking project,” said Roberto Penno, Chief
Executive Officer, Foster Wheeler Global Engineering and
Construction Group.
Foster Wheeler AG 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. For more information about Foster Wheeler, please
visit our website at www.fwc.com.
About ZeoGas LLC
ZeoGas is developing the first of what it expects to be a
portfolio of plants to convert plentiful and clean natural gas into
zero sulfur, reduced benzene gasoline, using a unique processing
strategy. The first ZeoGas plant will employ Air Liquide Global
E&C Solutions, a subsidiary of Air Liquide Group, Inc.’s
MegaMethanol ® technology, licensed for upfront methanol production
and ExxonMobil Research and Engineering Company’s methanol to
gasoline technology, licensed for zero sulfur gasoline production.
Its management team represents over 80 years of collective
experience managing complex organizations and the engineering,
permitting, construction and operation of large-scale chemical
processing plants. For more information on ZeoGas, please visit
www.zeogas.com.
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Media Contacts:Foster Wheeler AGUnited StatesPatti
Landsperger, +1 908-713-2944patti_landsperger@fwc.comorOther
Inquiries:+1 908-730-4000fw@fwc.com
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