Foster Wheeler AG announced that a subsidiary of its Global Engineering and Construction (E&C) Group has been awarded the 2010 National Prize of Industrial Engineering by the Spanish National Society of Professional Industrial Engineers. Foster Wheeler received the award in the "Engineering Project" category for its contribution to the Refinery Expansion Project for Repsol Petroleo S.A. in Cartagena (Murcia), Spain.
Foster Wheeler is the engineering, procurement and construction management (EPCm) contractor for the vacuum distillation unit and a delayed coking complex. The coking complex uses Foster Wheeler's leading SYDEC delayed coking technology. Foster Wheeler's scope of work is expected to be completed during the fourth-quarter of 2011.
"Foster Wheeler is honored to receive this prestigious award from the Spanish National Society of Professional Industrial Engineers," said Umberto della Sala, Interim Chief Executive Officer, Foster Wheeler AG. "I would like to congratulate our Madrid operation on this award, which demonstrates once again the success we deliver by combining our project execution capability, our in-depth refining expertise, and our ability to provide leading coking technology. We firmly believe that selecting Foster Wheeler to provide the delayed coking technology, and then to engineer and construct the coking complex, results in the best possible outcome for our clients, delivering a high-performing coking complex, built safely and to the highest standards of quality, reliability and environmental performance."
Francisco Javier Cobo, president of the Spanish National Society of Professional Industrial Engineers, presented the award to Foster Wheeler, at a ceremony in Madrid, Spain, on May 30, 2011, following a reception attended by His Royal Highness the Prince of Asturias.
Foster Wheeler's SYDEC 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 SYDEC 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 is a global engineering and construction contractor and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 12,000 talented professionals with specialized 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, mining and metals 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, and its operational headquarters office is in Geneva, Switzerland.