Foster Wheeler Awarded Contract for Terrace Wall Steam Reformer Heater in Kazakhstan  June 2nd, 2014

Foster Wheeler AG (Nasdaq:FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Marubeni Corporation for the engineering and material supply of a new Terrace Wall steam reformer heater, including an air preheating system, for the KazMunayGaz oil refinery located at Atyrau, Republic of Kazakhstan.

The value of Foster Wheeler's contract was not disclosed and was included in the company's first-quarter 2014 bookings.

The steam reformer will be part of a hydrogen production unit with a capacity of 24,000 normal cubic meters per hour to be built at the refinery. The hydrogen plant is based on Foster Wheeler's hydrogen technology. Foster Wheeler's scope of work is scheduled to be completed in April 2015.

Foster Wheeler's Terrace Wall reformer is characterized by a firing arrangement and sloped-wall radiant section design that, together, enable long catalyst tube life (often in excess of 100,000 hours) and deliver the flexibility to extend a reformer's operating envelope. This often allows production of hydrogen in excess of the design capacity of the hydrogen production unit, which may in turn deliver additional economic benefits. Foster Wheeler's reformers can operate with ultra-low-NOx burners to meet tightening environmental emission standards worldwide. Foster Wheeler has supplied over 200 Terrace Wall steam reformers to the refining and petrochemical industries in more than 40 countries worldwide.

The contract was awarded by Marubeni on behalf of the SINOPEC Engineering (Group)/Marubeni/KazStroyService consortium executing the engineering, procurement and construction of the refinery modernization project.

Foster Wheeler AG is a global engineering and construction company and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 13,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups. The company's Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, minerals and metals, environmental, pharmaceuticals, biotechnology and healthcare industries. The company's Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland, and its operational headquarters office is in Reading, United Kingdom.

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