Wood received over 30 unique hydrogen awards in the first half of 2021 and predicts ongoing growth in this field in the longer term, with around $600 million in prospective hydrogen projects coming to market.
The contract awards cover green, blue, and bio-hydrogen projects, reiterating Wood’s position as a critical delivery partner for the hydrogen economy’s expansion and assisting clients in their transition to a low-carbon future.
Wood is collaborating with ADNOC on a world-scale blue ammonia manufacturing facility in Abu Dhabi to accelerate the Middle East’s hydrogen development. Similarly, Wood’s hydrogen technology is being employed in South America’s first advanced biofuels project, the Omega Green production facility in Paraguay, which promises to create renewable diesel and jet fuel at a rate of up to 20,000 barrels per day.
Additionally, Wood signed a three-year engineering framework deal with Norway’s NEL Hydrogen to develop and construct large-scale, complicated green renewable hydrogen projects throughout the world.
Wood joined the Hydrogen Council’s steering committee earlier this year, a CEO-led initiative that brings together over 100 firms from across the hydrogen value chain that are committed to decarbonization and a net-zero future. Additionally, Wood appointed Josh Carmichael as Vice-President of Hydrogen, bolstering the company’s hydrogen expertise.
Andrew Stewart, Executive President of Strategy and Development, said: “Hydrogen is a key growth area in our business strategy, and we are encouraged by the strong momentum in this market.
“Team Wood has over 60 years’ experience across the value chain from project development support through to proprietary hydrogen technology, modular equipment and engineering, procurement, and construction delivery. We have the best engineers in the world with deep domain expertise in this field and continue to invest in our technology to remain industry leading.
“As the world’s population increases, the demand for clean, affordable and reliable energy is unrelenting. Together with our clients, we’re unlocking hydrogen at pace and at an industrial scale as one of the mission critical pathways to a more sustainable future.”