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Foster Wheeler to provide design services for plastics converting plant

March 11/2011

(Plastemart) -- Foster Wheelers Global Engineering and Construction Group has been awarded a contract by Cynar Plc to provide basic process engineering design services for a 6 KTa plant to convert non-recyclable waste plastics into liquid fuels, primarily diesel. The plant will utilize Cynar's pyrolysis technology, supplemented with Foster Wheeler's refining knowledge to produce liquid fuels. The basic design package is expected to be completed in Q1-2011.

The Foster Wheeler contract value for this project is undisclosed. Approximately half of the value was included in the company's Q4-2010 bookings and the remainder will be included in the company's Q1-2011 bookings.

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