Indian Oil awards contract to Foster Wheeler for Paradip Project

27-Jan-07

Subsidiaries of Foster Wheeler Ltd in its Global Engineering and Construction Group, Foster Wheeler Energy Limited and Foster Wheeler India Private Limited, have been awarded services contracts by Indian Oil Corporation Limited (IOCL) for the Paradip Refinery Project, in Orissa State. This world-scale facility, comprising a new export refinery and petrochemicals complex is expected to be one of the largest integrated refinery petrochemicals complexes in India. 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 tpa will include a fluidized catalytic cracking unit, an aromatics complex and a 700,000 tpa polypropylene unit, a 1.2 million tpa paraxylene unit, a 600,000 tpa of styrene monomer unit, 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.