John Wood Group PLC (LSE:WG.) has been awarded what it says is a significant follow-on contract by OMV Petrom to produce sustainable fuel in Southeast Europe.
Wood will upgrade the Petrobrazi refinery in Romania to become the first major production facility for sustainable aviation fuel in the region.
Having carried out the front-end (FEED) work, Wood will now deliver engineering, procurement and construction management (EPCm) to install a new bio-hydrotreater unit and relevant storage facilities at the refinery.
Petrobrazi will produce sustainable aviation fuel (SAF) and hydrotreated vegetable oil (HVO) utilising Honeywell UOP Ecofining process technology.
Ken Gilmartin, Wood’s chief executive, 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.”
Europe has an ambition to reach 6% SAF at EU airports by 2030 and 70% by 2050.
Shares in Wood edged higher to 65.7p.