Wood Group (John) PLC OMV Petrom contract for sustainable aviation fuel
December 19 2024 - 1:00AM
RNS Regulatory News
RNS Number : 6639Q
Wood Group (John) PLC
19 December 2024
Wood Group (John) PLC
19 December 2024
Wood wins significant
contract with OMV Petrom for sustainable aviation fuel production
in Europe
John Wood Group PLC
('Wood' or 'the Company') has been awarded a
significant contract by OMV Petrom for a major project to boost the
production of sustainable fuel in Southeast Europe.
Under the scope of this project, the
Petrobrazi refinery in Romania will become the first major
production facility for sustainable aviation fuel in the
region.
Following successful delivery of the
front-end engineering and design (FEED) for this important
project, Wood will now deliver engineering,
procurement and construction management (EPCm) to
install a new bio-hydrotreater unit and relevant
storage facilities at the refinery. This project will enable the
production of sustainable aviation fuel (SAF) and hydrotreated
vegetable oil (HVO) utilising Honeywell UOP Ecofining™ process
technology.
SAF results in significantly lower
CO2 emissions compared to traditional fossil kerosene. The
Petrobrazi refinery upgrades and its new SAF production will
support the European Commission's goals to reach 6% SAF at EU
airports by 2030 and 70% by 2050, ultimately helping to decarbonise
the aviation industry.
Ken
Gilmartin, CEO at Wood said:
"This significant contract award
builds on our longstanding relationship with OMV Petrom. We are
proud to continue partnering with them to futureproof their
infrastructure and enable the production of low carbon
fuels.
"We have deep knowledge of our
clients' assets through decades of proven project delivery. This,
combined with our world-class engineering and execution expertise,
positions Wood to successfully complete this project and establish
Petrobrazi as the first major producer of sustainable fuels in
Southeast Europe."
|
For
further information:
|
|
|
Simon McGough, President, Investor
Relations
|
+44 (0) 7850 978 741
|
|
Alex Le May / Ariadna Peretz, FTI
Consulting
|
+44 (0)20 3727 1340
FTI_Wood@FTIconsulting.com
|
Note to Editors:
Wood is a global leader in
consulting and engineering, delivering critical solutions across
energy and materials markets. We provide consulting, projects and
operations solutions in 60 countries, employing around 35,000
people. www.woodplc.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact
rns@lseg.com or visit
www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our
Privacy
Policy.
END
CNTTPBLTMTMBBAI
Wood Group (john) (LSE:WG.)
Historical Stock Chart
From Nov 2024 to Dec 2024
Wood Group (john) (LSE:WG.)
Historical Stock Chart
From Dec 2023 to Dec 2024
