Technip has been awarded a front-end engineering design (FEED) contract by PETRONAS for its proposed Refinery and Petrochemical Integrated Development (RAPID) project located in the state of Johor, Malaysia.

RAPID aims at building a world-scale integrated refinery and petrochemical complex to answer the growing need for specialty chemicals and to meet the demand for petroleum and commodity petrochemical products in the Asia Pacific region by 2016.

The proposed refinery will have a capacity of 300,000 barrels per standard day and will supply naphtha and liquid petroleum gas feedstock for the RAPID petrochemical complex, as well as produce gasoline and diesel that meet European specifications.

The petrochemical units, on the other hand, will enhance the value of the olefinic streams coming from the RAPID steam cracker by producing various merchant grades petrochemicals products such as polyethylene, polypropylene, synthetic rubbers and other petrochemicals products.

ZUG, Switzerland--(BUSINESS WIRE)--Feb. 28, 2012-- Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by a subsidiary of JSC LUKOIL for the supply of a waste heat boiler for LUKOIL Nizhegorodnefteorgsyntez Refinery, Nizhny Novgorod region, Russia.  The value of Foster Wheeler’s contract was not disclosed and was included in the company’s fourth-quarter 2011 bookings.

The waste heat boiler will be installed downstream of a fluid catalytic cracking unit, enabling the production of gasoline that is intended to meet European Union Euro-5 standards. Foster Wheeler has supplied a similar unit to the refinery, which unit has been in operation since 2010 to Lukoil’s full satisfaction. Foster Wheeler’s scope of work is scheduled to be completed by March 2013.

Technip has been awarded, by Santos Limited, a flexible pipe supply contract for the Fletcher Finucane oil field development, in Western Australia. The field is located in the Carnarvon Basin, offshore North Western Australia, at a water depth of 160 meters. The contract, which includes project management, engineering and the supply of 31 kilometers of 10.2” and 9” production flowlines*, along with 22 kilometers of 3” service lines, will start in April 2012, with delivery planned for the second semester of 2012.

This award constitutes an important milestone for Technip, as it will be the largest contract awarded to date to its flexible pipe plant, Asiaflex Products, in Tanjung Langsat, Malaysia, since the plant started operation in 2010. Totaling more than 50 kilometers of pipes, this contract solidifies the position of Technip as the primary supplier of flexible pipes in Asia Pacific. Technip’s operating centre in Perth (Australia), one of its centers of excellence for flexible product design, will carry out the project management and engineering.

Daelim Industrial-MHI-Marubeni Consortium concluded a contract to supply core facilities, gas turbines and steam turbines to Ulsan #4 combined thermal power plant with Korea East-West Power at Grand Intercontinental Hotel on February 14. This project values at KRW510 billion, of which Daelim accounts for KRW236.8 billion excluding surtax.

More than 40 executives and staff including Hong-Chun Park, director of plant division at Daelim, Deok-Yoon Ahn, director of planning and management at Korea East-West Power, Wani, vice president of MHI, and Ofoshi, vice director of Marubeni took part in the ceremony. The Ulsan #4 combined thermal power plant to be built in Namhwa-dong, Nam-gu, Ulsan, boasts the large production capacity with950MW among single combined thermal power plants in Korea, in which new technologies of MHI will be adopted. Prior to this, Daelim had won meaningful contracts to supply core facilities to Pyeogtaek Combined Thermal Power Plant phase 2 and Taean Power Plant Unit 9 & 10 projects.

Hong-Chun Park, director of plant division at Daelim, said, “Based on our world-class EPC capability, we will provide our best customer services through high quality facility and strict project schedule management. This project will give us opportunities to secure world’s best boiler technology and a new growth engine in the power plant business.”