Paradip Refinery contract for FW

Foster Wheeler Energy and Foster Wheeler India Private have been awarded services contracts by Indian Oil Corporation Limited(IOCL) for the Paradip Refinery Project.

This world-scale facility, comprising a new export refinery and petrochemicals complex, will be built in Orissa State. The project is expected to be one of the largest integrated refinery petrochemicals complexes in India.

The terms of the contracts were not disclosed, and the projects will be included in the company’s first-quarter 2007 bookings.

Foster Wheeler’s scope includes the front-end engineering design (FEED), preparation of cost estimates and the overall project strategy, and supervision of early works on site up to financial investment decision for the refinery, which is expected in mid-2008.

The planned new refinery, with a crude processing capacity of 15 million tonnes per annum (TPA), will include a fluidised catalytic cracking unit, an aromatics complex and a polypropylene unit.

The new complex will ultimately produce 700,000 TPA of polypropylene, 1.2 million TPA of paraxylene, 600,000 TPA of styrene monomer, along with 10.5 million TPA of refined petroleum products. This award also includes a detailed feasibility study for Phase 2 of the development, the Paradip Naphtha Cracker Project.