ZUG, Switzerland--(BUSINESS WIRE)--Jan. 17, 2012-- Foster Wheeler (NASDAQ: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Petron Corporation (Petron) for the Petron Refinery Master Plan-2 Project in Bataan, Philippines. Foster Wheeler will execute detailed engineering and procurement services for the delayed coker unit (DCU), including the engineering and material supply of two double-fired Terrace WallTM coker heaters. The DCU will have a design capacity of 37,500 barrels per stream day and is a key part of this significant refinery upgrade.
This award follows an earlier award for the process design package and technology license for the DCU, which will use the company’s leading Selective Yield Delayed Coking (SYDECSM) process.
“We are very focused on leveraging coking technology wins into larger workscopes,” said Umberto della Sala, Chief Operating Officer of Foster Wheeler AG. “Coker units are complex, and we always recommend Foster Wheeler detailed engineering and critical procurement to realize the full operational benefits of our well-designed, well-constructed delayed coking unit. We believe that this award reflects Petron’s confidence in the added value that we will bring to this project and in our fast-track, cost-effective execution plan.”
Buty Nike
(ARC Advisory Group) The Automation Expenditures for Discrete Industries market rebounded in 2010 after recovering from a deep global downturn in 2009. 2010 started out with sluggish order activity, which later escalated, resulting in a recovery in 2010 that was more robust than expected earlier in the year. Emerging economies, including the BRIC (Brazil, Russia, India, and China) countries, drove growth for the Automation Expenditure for Discrete Industries market in 2010, according to a new ARC Advisory Group study.
Technip has been awarded by Uzbekistan GTL LLC(1) an extension of the existing reimbursable services contract, for the front-end engineering design of a gas-to-liquids(2) (GTL) plant, located 40 kilometers south of Qarshi in Uzbekistan.