Foster Wheeler has won a project management consultancy (PMC) contract from Carbon Holdings for a petrochemical complex in Ain Sokhna, Egypt, with a nameplate capacity to produce 1.35 million tons per annum of polyethylene.

The terms of the contract were not disclosed.

Foster Wheeler will provide technical support and consulting services to Carbon Holdings through financial close, estimated to be late 2011. Following financial close, Foster Wheeler will book the full scope of the PMC award, which includes overseeing the activities of the selected engineering, procurement and construction contractor and subcontractors.

The world-scale facility is expected to come on-stream in 2015.

'We are very pleased to have Foster Wheeler committed as our PMC, and this represents an important part of ensuring the success of the project,' said Basil El-Baz, chairman and chief executive officer, Carbon Holdings.

'Foster Wheeler was awarded the PMC after a competitive bidding process in which the firm clearly demonstrated its capabilities as a leading supplier of project management services for major petrochemicals complexes,' added Charles Garfinkel, chief investment officer, Carbon Holdings.-TradeArabia News Service