Foster Wheeler Receives National Award in Spain for Repsol Refinery Project

Foster Wheeler AG FWLT announced today that a subsidiary of its Global Engineering and Construction Group has been awarded the 2010 National Prize of Industrial Engineering by the Spanish National Society of Professional Industrial Engineers. Foster Wheeler received the award in the “Engineering Project” category for its contribution to the Refinery Expansion Project for Repsol Petróleo S.A. in Cartagena (Murcia), Spain. Foster Wheeler is the engineering, procurement and construction management (EPCm) contractor for the vacuum distillation unit and a delayed coking complex. The coking complex uses Foster Wheeler's leading SYDEC^SM delayed coking technology. Foster Wheeler's scope of work is expected to be completed during the fourth-quarter of 2011. “Foster Wheeler is honored to receive this prestigious award from the Spanish National Society of Professional Industrial Engineers,” said Umberto della Sala, Interim Chief Executive Officer, Foster Wheeler AG. “I would like to congratulate our Madrid operation on this award, which demonstrates once again the success we deliver by combining our project execution capability, our in-depth refining expertise, and our ability to provide leading coking technology. We firmly believe that selecting Foster Wheeler to provide the delayed coking technology, and then to engineer and construct the coking complex, results in the best possible outcome for our clients, delivering a high-performing coking complex, built safely and to the highest standards of quality, reliability and environmental performance.”