Delayed coker contract

Foster Wheeler USA Corporation has been awarded a contract by Indian Oil Corporation Limited (IOCL) to provide a license and basic engineering package for a new delayed coker.

The 3.7 million tonnes per annum delayed coker, which will be based on Foster Wheeler’s Selective Yield Delayed Coking (SYDEC) process, forms part of IOCL’s residue upgrading project at its Gujarat refinery.

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

Foster Wheeler says its SYDEC 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 process achieves maximum clean liquid yields and minimum fuel coke yields from high sulphur residues. By installing a SYDEC unit, a refinery owner is able to process heavier crudes, which sell at a discount to the benchmark light, sweet crudes.