Wood Group wins contract to work on eco fuel refinery in Romania.


John Wood Group on Thursday said it had won a contract by OMV Petrom for a major project to boost production of sustainable fuel in Southeast Europe.

  • Wood Group (John)
  • 19 December 2024 07:23:22

Source: Sharecast

After work on the front-end engineering and design at the PetroBrazi refinery in Romania, Wood will now deliver engineering, procurement and construction management to install a new bio-hydrotreater unit and relevant storage facilities. No financial details were disclosed.

The refinery in Romania will become the first major production facility for sustainable aviation fuel (SAF) in the region. It will also produce hydrotreated vegetable oil.

“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,” the company said.

Reporting by Frank Prenesti for Sharecast.com


Exchange: London Stock Exchange
Sell:
0.00
Buy:
0.00
Change: 105.54 ( 0.52 %)
Date:
Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.