OMV Petrom contract for sustainable aviation fuel
Updated : 07:01
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: |
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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
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