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TOP NEWS: Amec Foster Wins USD604 Million Contract For Methanol Plant

Wed, 6th Sep 2017 07:59


LONDON (Alliance News) - Oil & gas services firm Amec Foster Wheeler PLC said on Wednesday it has been awarded an engineering, procurement and construction fixed price contract worth USD604.0 million for part of a larger, USD1.85 billion methanol plant being developed in St James Parish, Louisiana.

The plant is being developed by Yuhang Chemical Inc, a US subsidiary of Shangdong Yuhuang Chemical Co Ltd,and the first phase includes the construction of a 1.8 million tonne per annum plant.

Under the contract's terms, Amec Foster's Oil, Gas & Chemicals and Power & Process businesses will carry out specific infrastructure and utilities engineering work, as well as the procurement of bulk items and selected tagged equipment and methanol plant construction.

The contract follows the completion of work on the plant given to Amec Foster in 2015, which covered engineering, project management, procurement and early construction services.

The USD604.0 million is set to be added to Amec Foster's order book in the second half of the year.

"I'm delighted that we have been entrusted to continue supporting YCI on the largest grassroots foreign direct investment by a Chinese company on the Gulf Coast of the United States. Winning this contract is a further demonstration of how we are leveraging our multi-market capabilities to better serve our clients, extend our presence in high-growth areas, such as the chemicals market, and contribute to the growth of our order book. We look forward to working with YCI to meet the project's challenges, and delivering safely and successfully this new world-scale facility to operate at full capacity," said Chief Executive Officer Jonathan Lewis.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2017 Alliance News Limited. All Rights Reserved.

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