Foster Wheeler Awarded Sinclair Oil Contract for Delayed Coker

Foster Wheeler Ltd's subsidiary, Foster Wheeler USA Corporation, part of its Global Engineering and Construction Group, has been awarded a reimbursable engineering, procurement and construction (EPC) contract by Sinclair Oil Corporation for a 30,000 barrel per stream day (bpsd) delayed coker, gas plant and coke handling facilities at its refinery at Tulsa, Oklahoma, United States.

The new coker, which will use Foster Wheeler's Selective Yield Delayed Coking (SYDEC(SM)) process, will allow the refinery to process heavier crudes while maximizing the production of higher value products.

"Foster Wheeler is delighted to be awarded this strategic project by Sinclair Oil," said Troy Roder, president and chief executive officer of Foster Wheeler USA Corporation.

"Sinclair considers Foster Wheeler a leader in delayed coking technology and its execution approach fits with our plan to have the unit operational by 2009," added Paul Moote, Sinclair's vice president, Refinery Construction.

Foster Wheeler's SYDEC(SM) process is a thermal conversion process used by refiners worldwide to upgrade heavy residue feed and process it into high value transport fuels. The SYDEC(SM) process achieves maximum clean liquid yields and minimum fuel coke yields from high sulfur residues. By installing a SYDEC(SM) unit, a refinery owner is able to process heavier crudes, which sell at a discount to the benchmark light, sweet crudes, thereby allowing the owner to reap the benefit of increased refining margins. Foster Wheeler is a market leader in delayed coking and has supplied the coking process technology for more than 50 delayed coking plants worldwide.

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Posted 11/09/06

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