Foster Wheeler, ZeoGas collaborate fuel plant in US Gulf Coast

Foster Wheeler, ZeoGas collaborate for fuel plant in US Gulf Coast

11:21 AM, 19th September 2014
Foster Wheeler, ZeoGas collaborate for fuel plant in US Gulf Coast

ZUG, SWITZERLAND: Foster Wheeler AG’s subsidiary of 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.

“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.

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