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Foster Wheeler wins contract by the CO2Capture Project

Foster Wheeler AG (Nasdaq: FWLT) announced that its Global Engineering and Construction Group has been awarded a contract by the CO2Capture Project (CCP) to undertake a study to evaluate a range of refinery, in-situ extraction of bitumen and natural gas power generation CO2 capture scenarios.

The CCP is a partnership of seven of the world's major energy companies including BP, Chevron, Eni, Petrobras, Shell, Suncor, ConocoPhillips and associate member EPRI. Since its formation in 2000, the CCP has been at the forefront of advancing the technologies that will underpin the widespread adoption of CCS. The CCP is now in the third phase of its work (CCP3); a critical stage in preparing the ground for widespread deployment of CCS. The study awarded to Foster Wheeler will contribute to this phase of the CCP's program.

Foster Wheeler will study the application of CO2post-combustioncapture to a range of refinery, in-situ extraction of bitumen and natural gas power generation CO2 capture scenarios, including both retrofit and green-field solutions. The study is expected to be completed at the end of the fourth quarter of 2010 with the production of a 'CO2 Capture Handbook' to be used by the CCP participants for their use in pre-screening work on carbon capture projects.

The contract has been awarded by BP Corporation North America Inc. as operator on behalf of the CO2 Capture Project (CCP).



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