Foster Wheeler Is Awarded Contract To Supply Coker For MOL Refinery Modernization Program In Hungary.CLINTON, N.J.--(BUSINESS WIRE)--February 4, 1998--Foster Wheeler Corporation announced that Foster Wheeler USA Corporation has been awarded a contract by MOL Mol (môl), commune (1991 pop. 30,763), Antwerp prov., N Belgium, near the Dutch border; founded in the 9th cent. It is a manufacturing city and the site of a Euratom nuclear research center. See mole. Hungarian Oil and Gas Company (MOL) for the design of a new coker and related services at MOL's Szazhalombatta refinery. The project, part of a broad modernization program currently underway at MOL refinery facilities, will call on the combined services of Madrid-based Foster Wheeler Iberia S.A. and United States-based Foster Wheeler USA Corporation. Foster Wheeler is the world's leading supplier of coking technology. Work on the new coker has begun, with the project scheduled for completion by 2000. The scope of the project for Foster Wheeler includes basic design of the coker, which has a rated capacity of one million metric tons per year, the coker heater, certain detailed engineering services, training of personnel and start-up assistance. Foster Wheeler USA will provide the basic design package, with Foster Wheeler Iberia responsible for the heater and remaining engineering services. Foster Wheeler will collaborate with the Hungarian engineering company Olajterv on the detailed engineering phase. At the contract signing ceremony A signing ceremony is a ceremony in which a bill passed by a legislature is signed (approved) by an executive, thus becoming a law. Modern-day signing ceremonies are derived from ceremonies that occurred when the British monarch gave Royal Assent to acts of Parliament. , Jose L. Gutierrez Rexach, Vice President of Foster Wheeler International Corporation, said: "This project is a significant milestone for Foster Wheeler, not only because this is a new coker design using well-tested state-of-the-art Foster Wheeler proprietary SYDEC(SM) technology, but also because this is a project in a part of Europe where Foster Wheeler sees great marketing opportunities." Foster Wheeler USA Corporation--a major United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. subsidiary of Foster Wheeler Corporation--designs, engineers and constructs plant facilities for a wide range of industries including petroleum refiners and chemical and pharmaceutical producers. The company also provides a complete scope of environmental services The various combinations of scientific, technical, and advisory activities (including modification processes, i.e., the influence of manmade and natural factors) required to acquire, produce, and supply information on the past, present, and future states of space, atmospheric, , including remedial investigations and feasibility studies, together with hazardous waste Hazardous waste Any solid, liquid, or gaseous waste materials that, if improperly managed or disposed of, may pose substantial hazards to human health and the environment. Every industrial country in the world has had problems with managing hazardous wastes. and toxic substance cleanups. Foster Wheeler Iberia, based in Madrid for more than 35 years, is part of Foster Wheeler Continental Europe Continental Europe, also referred to as mainland Europe or simply the Continent, is the continent of Europe, explicitly excluding European islands and, at times, peninsulas. , which includes major engineering and construction subsidiaries of Foster Wheeler International Corporation in Spain, France and Italy. Foster Wheeler International Corporation--a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Foster Wheeler Corporation--directs the overseas activities of companies that are part of the Engineering and Construction Group. Foster Wheeler Corporation Foster-Wheeler (FWLT) is a global conglomerate with a focus on Engineering, Construction and Procurement (EPC) and power, which form two different groups of the company. The company was formed in 1927 by the merger of a power company (created by the Foster family) with Wheeler is a global company offering a broad range of design, engineering, construction, manufacturing, project development and management, research, plant operations and environmental services. The Corporation's headquarters are at Clinton, N.J. For more information about Foster Wheeler, visit our World-Wide Web (World-Wide Web, networking, hypertext) World-Wide Web - (WWW, W3, The Web) An Internet client-server hypertext distributed information retrieval system which originated from the CERN High-Energy Physics laboratories in Geneva, Switzerland. site at www.fwc.com. CONTACT: Foster Wheeler Corp., Clinton HARRY LEVY, 908/730-4448 RICHARD C. KROLL, 908/730-4444 |
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