Foster Wheeler wins EPC contract for Petron refinery upgrade in the Philippines  

Foster Wheeler AG (Zug, Switzerland; www.fwc.com) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Petron Corp. 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-Wall 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. The Foster Wheeler contract value was not disclosed and was included in the company’s third-quarter 2011 bookings. The award for the delayed-coker heaters was included in the company’s second-quarter 2011 bookings. 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 process. A pdf file is not available for this short news release.