Posted in | News

Foster Wheeler Receives Feasibility Study Contract from Karnalyte Resources

Foster Wheeler AG, (Nasdaq: FWLT) announced today that its Global Engineering and Construction Group has been awarded a feasibility study contract by Karnalyte Resources Inc. for the Wynyard Carnallite Potash Project in Saskatchewan, Canada.

The study will consider initial production of 500,000 tons per year and expansion of the facility to two million tons per year within five to six years. The Wynyard facility is expected to recover high purity potassium chloride from potash ore deposits. The potassium chloride will be used to produce potash fertilizer.

The value of the contract was not disclosed. The award will be included in the company’s first-quarter 2011 bookings.

Foster Wheeler will also coordinate preparation of the overall Environmental Impact Statement, which will advance concurrently with the feasibility study. GeoEngineers Inc. will perform environmental and geotechnical engineering services for the study. ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau mbH of Erfurt Germany will perform mining engineering services for the underground mining portion of the study.

“This award is strategically important for us because it expands upon our mining-related expertise in the Global E&C Group. We see this as a growth area in which we plan to leverage and grow our capabilities,” said Umberto della Sala, chief executive officer, Foster Wheeler AG.

Source: http://www.fwc.com/

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit
Azthena logo

AZoM.com powered by Azthena AI

Your AI Assistant finding answers from trusted AZoM content

Azthena logo with the word Azthena

Your AI Powered Scientific Assistant

Hi, I'm Azthena, you can trust me to find commercial scientific answers from AZoNetwork.com.

A few things you need to know before we start. Please read and accept to continue.

  • Use of “Azthena” is subject to the terms and conditions of use as set out by OpenAI.
  • Content provided on any AZoNetwork sites are subject to the site Terms & Conditions and Privacy Policy.
  • Large Language Models can make mistakes. Consider checking important information.

Great. Ask your question.

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.