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- Secured three additional contract awards across energy, marine and mining & industrial sectors
- Four awards represent a combined value of approximately $70 million
- Contracts includes aviation fuel infrastructure ECI for Perth Airport
- Awarded remediation works for Rio Tinto at Gove
Duratec (ASX:DUR) has built on a string of significant new wins with the award of a construction management contract at Orica’s Hunter Valley Hydrogen Hub (HVHH) in NSW.
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That success comes alongside three additional contract awards across its core energy, marine and mining & industrial sectors, with the four contract awards representing a combined value of approximately $70 million.
MD, Chris Oates, told shareholders the HVHH contract is a key step in Duratec’s expansion into future energy and fuel infrastructure markets, positioning the company to support the broader energy transition and decarbonisation of industrial operations.
He added that that award leverages Duratec’s recent acquisitions in the Hunter Region, which establishes a local workforce, supply chain access and delivery capability in a critical energy corridor, enhancing the group’s ability to self-perform and capture greater value across the project lifecycle.
“The Hunter Valley Hydrogen Hub is an important project within Australia’s emerging hydrogen industry, and we are pleased to partner with Orica to support its delivery,” Mr Oates said.
“This award reflects Duratec’s ongoing expansion into the energy and decarbonisation sector, building on our recently established presence in the Hunter Region and demonstrating our ability to deliver complex infrastructure projects through a combination of self-perform and local capability.”
In addition to the HVHH award, Duratec has landed contracts for:
- The Perth Airport jet fuel expansion program its 50:50 Jjint vnture with West Coast Civil (DWJV). Ghe DWJV scope includes design of fuel farm facilities and hydrant lines. The ECI phase will commence immediately and run for approximately six months.
- Fremantle Ports, Kwinana bulk jetty wharf infrastructure remediation project, The scope awarded to Duratec includes design, construction and commissioning works comprising cathodic protection and concrete repairs to extend the operational life of the asset. The project will commence immediately and is expected to run for approximately 30 months.
- Rio Tinto’s Gove structural integrity remediation services project in the NT. The scope includes remediation and structural strengthening of the wharf infrastructure to ensure the continued operation of existing assets. The first package of work is scheduled to commence in June 2026, with completion anticipated in late 2026.
DUR was steady at $2.28 with a Mkt cap of $588.6M before markets opened.
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