Foster Wheeler Awarded Contract for New Delayed Coking Unit in Argentina
Foster Wheeler AG announced today that its Global Engineering and Construction Group has been awarded a contract by YPF.S.A. for a new delayed coking unit to be built at YPF's Complejo Industrial La Plata in Argentina. Foster Wheeler's scope of work includes detailed engineering, procurement services and support to construction and plant start-up.
The terms of the agreement were not disclosed and the contract value was included in the company's second-quarter 2010 bookings.
The unit will use Foster Wheeler's leading Selective Yield Delayed Coking (SYDECSM) technology. The planned new facility will have a capacity of 28,000 barrels per stream day, and will produce anode coke to be used in the aluminum industry.
"Foster Wheeler has been working with YPF since 2008 to develop the right coking solution for the Complejo Industrial La Plata and remains committed to working towards the successful completion of the new facility," said Umberto della Sala, president and chief operating officer, Foster Wheeler AG.
Foster Wheeler's SYDECSM process is a flexible thermal conversion process used by refiners worldwide to upgrade heavy residue feed and process it into high value transport fuels and coke products for fuel and metallurgical markets. The SYDECSM process can be designed to maximize clean liquid yields while minimizing fuel coke yields, or to achieve other objectives, for example, to minimize heavy gas oil yields or to produce specific grades of coke for industrial use. Foster Wheeler is a market leader in delayed coking and has supplied its process technology worldwide for over 80 new cokers and has implemented more than 70 delayed coker revamps.
Foster Wheeler AG (Nasdaq: FWLT) is a global engineering and construction contractor and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 13,000 talented professionals with specialised expertise dedicated to serving its clients through one of its two primary business groups. The company's Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, environmental, pharmaceuticals, biotechnology and healthcare industries. The company's Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland.
Published 08/10/2010
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