- Worley (WOR) has been awarded a front-end engineering design services and cost estimate contract for Liquid Wind’s renewable methanol facility in Northern Sweden
- The facility, FlagshipONE, is expected to produce 50,000 tonnes of methanol per year by reacting carbon dioxide and green hydrogen together to form renewable methanol
- The methanol produced is an alternative to fossil fuels and a potential pathway to reduce carbon emissions in marine transportation
- Worley’s Sweden and UK offices are set to execute the services, with support from the company’s global integrated delivery team in India
- Shares have dropped 2.8 per cent to $10.56
Worley (WOR) has been awarded a front-end engineering design services and cost estimate contract for Liquid Wind’s renewable methanol facility in Northern Sweden.
Worley provides professional project and asset services in the energy, chemicals and resources sectors. The company’s purpose is to support customers in reducing their emissions and moving towards a low-carbon future.
The facility, FlagshipONE, is expected to produce 50,000 tonnes of methanol per year by reacting carbon dioxide and green hydrogen together to form renewable methanol.
The raw material used in this process will include biogenic carbon dioxide from a biomass-fired power plant and green hydrogen, which is made through the electrolysis of water, powered by renewable electricity.
From that process, the methanol produced is intended to provide a sustainable alternative to fossil fuels and a potential pathway to reduce carbon emissions in marine transportation.
CEO of Worley Chris Ashton said the company is pleased to have been chosen to deliver such an important project.
“We look forward to developing a strong and long-term relationship with Liquid Wind and supporting its renewable fuels goals, while also supporting Worley’s purpose in delivering a more sustainable world,” he said.
Worley’s Sweden and UK offices will execute the services, with support from the company’s global integrated delivery team in India.
Shares have dropped 2.8 per cent to $10.56 at 4pm AEST.