Foster Wheeler AG (NASDAQ:FWLT) Earns Services Agreement

Written By Jason Stutman

Posted September 19, 2013

Foster Wheeler AG (NASDAQ:FWLT) Earns Services Agreement

A subsidiary of Foster Wheeler AG’s (NASDAQ:FWLT) Global Engineering and Construction Group has signed a a technical services agreement with OJSC Khabarovsk Oil Processing Refinery to provide construction management services for a refinery project in Russia’s Far East.

Foster will assist OJSC in constructing a hydroprocessing line to include a hydocracker, sulfur recovery unit, and waste water unit. The hydrogen plant will allow OJSC to produce lighter and higher-value products through Foster’s proprietary steam methane reforming technology.

The agreement marks a continued relationship between Foster and OJSC, who have been collaborating at this refinery for ten years now.

Bigger Than Tesla

It’s no secret that the auto industry is rapidly changing. Young competitors such as Tesla Motors (NASDAQ: TSLA) are stirring up the market with innovative and disruptive technologies. As electric vehicles gain mainstream traction, auto manufacturers will either be forced to innovate or be left behind. Of all the established auto-giants, there is one company that currently stands out as a leader of the pack, with ambitious plans centered around exciting new technologies. For more information on this company, click here. 

Angel Publishing Investor Club Discord - Chat Now

Even Amazon is Investing in Nuclear

Amazon, the global e-commerce powerhouse, is gearing up for a groundbreaking energy revolution. Teaming up with three leading nuclear company, they're making waves with an innovative plan to utilize nuclear energy using Small Nuclear Reactors (SMRs) . The e-commerce giant signed three deals for SMR development in Virginia. We reveal the names and ticker symbol of the company they're partnering with in our FREE report, "Even Amazon Is Investing in Nuclear." This news could make their share price sky rocket at any moment! Sign up below to get your free copy delivered to your inbox right away.

Sign up to receive your free report. After signing up, you'll begin receiving the Energy and Capital e-letter daily.