Foster Wheeler Ltd. announced last week that Italian and Greek subsidiaries of its Continental Europe operating unit have been awarded contracts by Hellenic Petroluem S.A. for a refinery upgrading project at one of the company’s refineries in Northern Greece.
The contracts will see Foster Wheeler undertake engineering, procurement and construction management at the Thessaloniki refinery site, though terms of the contract awards have not been disclosed.
The scope of the project is the production of low sulphur fuels, which also results in significant environmental improvements. Hellenic Petroleum S.A, an energy company, primarily engages in the refining and marketing of petroleum products, petrochemicals, power production and natural gas in southeastern Europe.
For its part, Foster Wheeler’s scope comprises a new 15,000 barrels per stream day (BPSD) continuous catalytic reformer, modification of the existing atmospheric distillation unit, and revamp of the existing naphtha hydrofiner and crude light ends processing unit to increase the refinery’s processing capacity for light products to 26,000 BPSD.
“Foster Wheeler has maintained a strong presence in the South Mediterranean region and, in particular, in the vibrant Greek refinery market. Hellenic Petroleum is an important client with whom we have a long-standing relationship, and we look forward to delivering a strong performance which meets our client’s high expectations,” said Marco Moresco, Chief Executive Officer of Foster Wheeler Italiana.