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Foster Wheeler Awarded Carbon Capture and Storage Consultancy Contract in The Netherlands

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ZUG, Switzerland–(BUSINESS WIRE)–Foster Wheeler AG (Nasdaq: FWLT) announced today that its Milan-based subsidiary Foster Wheeler Italiana S.p.A., part of its Global Engineering and Construction Group, has been awarded a contract by the Rotterdam Climate Initiative (RCI) for the provision of engineering consultancy services related to RCIs planned carbon capture, storage and utilization solution in the Rotterdam region in The Netherlands.

The value of the contract was not disclosed and was included in Foster Wheelers first-quarter 2009 bookings.

Established in 2007, RCI is a collaboration between the City of Rotterdam, the Rotterdam Port Authority, Deltalinqs, a representative of the plant operators, and DCMR Environmental Protection Agency of the Rotterdam-Rijnmond region.

RCI aims to achieve a 50 percent reduction in the Rotterdam regions carbon dioxide (CO2) emissions by 2025, relative to 1990. RCI aims to achieve this goal by improving energy efficiency, increasing renewable energy production, and via a carbon capture, utilization and storage initiative involving the major CO2 emitting companies of the Rotterdam Port area. The Clinton Climate Initiative, a program of the William J. Clinton Foundation, will act as advisor to the project. The Clinton Climate Initiative, of which Rotterdam is a member, is a partnership of world cities which are committed to an active approach to climate change.

Foster Wheeler will support RCI in the economic and technical validation of engineering plans for carbon capture facilities to be developed by each individual CO2 emitter located in the Rotterdam Port area. The emissions data will also be aggregated and structured in a cohesive way to enable the definition of an Emitter Portfolio, the first step in the development of a carbon capture, utilization and storage network business plan.

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