The recent acquisition of Amec Foster Wheeler’s circulating fluidised bed (CFB) boiler business by Sumitomo Heavy Industries Ltd is a big deal in the biomass to energy world. The new entity Sumitomo SHI FW (SFW) calls itself, “A new global leader in sustainable energy solutions,” a seemingly bold and bullish statement that on closer examination has plenty of substance to it.
published in Bioenergy International, November 2017 Issue
In March 2017, UK-headed Amec Foster Wheeler plc (FW) revealed that it had signed an agreement with Japan-headed Sumitomo Heavy Industries Ltd (SHI) to sell its “core boiler business” – the design, manufacture and installation of circulating fluidised bed (CFB) boilers – to SHI. The GBP 137 million (≈ EUR 161.8 million) deal was part of FW’s “non-core” asset disposal programme and at the end of June, the deal was completed.Read full article