Foster Wheeler bags World Bank’s carbon capture contract in China

ZUG, SWITZERLAND: Foster Wheeler AG’s Global Engineering and Construction group subsidiary has been awarded a contract by The World Bank Group to provide consulting services in the field of carbon capture and transportation in China. Foster Wheeler’s scope of work is expected to be completed in June 2013. The value of the award was not disclosed.

The World Bank has launched an analytical and advisory assistance programme in China in order to build the country’s understanding of, and capacity for, application of carbon capture and storage (CCS).

Foster Wheeler will support this programme, which is financed by the World Bank under its CCS Trust Fund, whose goal is to build know-how and capability for this technology in developing countries. The main objective for Foster Wheeler under its contract is to strengthen the CCS and transportation know-how of the China Power Investment Corporation (CPI), one of the largest power producers in China, and of relevant government institutions.

© WOC News