Worley (ASX:WOR) - CEO, Chris Ashton
CEO, Chris Ashton
Sourced: Worley
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  • Worley (WOR) wins a services contract to support the development of a low-carbon fuels facility in The Netherlands
  • Under the deal with Shell Nederland Raffinaderij B.V., Worley will provide design and procurement services for the facility, which is expected to produce around 820,000 tonnes of low-carbon fuels every year
  • The company says the construction will directly support Shell’s strategy to become a net-zero emissions energy business by 2050
  • Worley shares dipped 1.69 per cent, trading at $10.49 at market close

Worley (WOR) has been awarded a services contract to support the development of a low-carbon fuels facility in The Netherlands.

Shell Nederland Raffinaderij B.V. penned the agreement with Worley which will see a facility constructed at the Shell Energy and Chemicals Park Rotterdam.

“We are long-standing partners of Shell and this contract award further consolidates our global relationship,” said Chris Ashton, Chief Executive Officer of Worley.

Under the contract, Worley has agreed to provide design and procurement services for the facility.

Once built, the facility is expected to be amongst the biggest in Europe to produce sustainable aviation fuel (SAF) and renewable diesel from waste, producing around 820,000 tonnes of low-carbon fuels every year.

It’s been calculated that the renewable diesel alone could avoid 2.8 million tonnes of CO2 emissions every year – the equivalent of taking more than one million European cars off the roads.

The facility will also help to increase SAF production, which is considered vital if the aviation industry is to cut carbon emissions.

The company said the construction will directly support Shell’s strategy to transform its operations to sustainable energy and chemicals parks, delivering low-carbon products of the future.

“We value Shell’s continued trust in us to deliver this significant project, which will help Shell meet its own target of becoming a net-zero emissions energy business by 2050,” said Chris Ashton.

Worley shares dipped 1.69 per cent, trading at $10.49 at market close.

WOR by the numbers
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