Amec Foster Wheeler : wins contract for biomass fired CFB boiler

Amec Foster Wheeler (www.amecfw.com) designs, delivers and maintains strategic and complex assets for its customers across the global energy and related sectors.

Employing around 36,000 people in more than 55 countries and with 2015 revenues of £5.5 billion, the company operates across the oil and gas industry - from production through to refining, processing and distribution of derivative products - and in the mining, clean energy, power generation, pharma, environment and infrastructure markets.

Amec Foster Wheeler offers full life-cycle services to offshore and onshore oil and gas projects (conventional and unconventional, upstream, midstream and downstream) for greenfield, brownfield and asset support projects, plus leading refining technology.

Amec Foster Wheeler shares are publicly traded on the London Stock Exchange and its American Depositary Shares are traded on the New York Stock Exchange. Both trade under the ticker AMFW.

Tees REP
The Tees REP is a 299MW biomass power station that will burn wood chip and pellet to generate electricity for the equivalent of 600,000 homes, 24 hours a day. The woodchip will be imported by ship from sustainable and verifiable forestry sources primarily from America and Europe, and this stock will be continually replenished as it is used. The station will help to meet the UKs renewable energy target of 15% of all energy by 2020, accounting for around 1% of the renewables target. It will save about 1.2million tonnes of CO per year.

Forward-Looking Statements

This announcement contains statements which constitute 'forward-looking statements'. Forward-looking statements include any statements related to the timing, results and success of contracts, and are generally identified by words such as 'believe,' 'expect,' 'anticipate,' 'intend,' 'estimate,' 'will,' 'may,' 'continue,' 'should' and other similar expressions. Forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Amec Foster Wheeler, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking statements. Amec Foster Wheeler does not undertake to update any of the forward-looking statements after this date to conform such statements to actual results, to reflect the occurrence of anticipated results or otherwise.