Foster Wheeler Ltd. has announced that its Madrid-headquartered subsidiary Foster Wheeler Iberia S.A.U has been awarded a contract by MOL Hungarian Oil & Gas Co. (MOL) to provide the basic design and estimating services, for the revamp and expansion of the delayed coker complex at MOL’s refinery at Százhalombatta, in Hungary.

The revamp will also include the fractionation, gas recovery and sour water stripper units, though details of the contract value were not disclosed.

The objective of the revamp is to expand the existing coking complex 27% up to 26,400 barrels per stream day, which uses Foster Wheeler’s leading SYDEC(SM) delayed coking technology. Foster Wheeler Iberia will develop the process design package in collaboration with Foster Wheeler’s operation in Houston, Texas - with the first phase of the project scheduled for completion by the end of 2008.

“This award reflects the long-standing and successful working relationship that has existed between MOL and Foster Wheeler for more than 20 years, and MOL’s confidence in our delayed coking and revamp expertise,” said Jesús Cadenas, CEO of Foster Wheeler Iberia S.A.U.

Foster Wheeler’s SYDEC(SM) process is a thermal conversion process used by refiners worldwide to upgrade heavy residue feed and process it into high-value transport fuels. The process achieves maximum clean liquid yields and minimum fuel coke yields.