By Kristy Dorsey
Engineering giant Wood said it secured more than 30 separate contracts for hydrogen projects in the first half of this year as it continues efforts to increase its presence in the renewable energy market.
Aberdeen-based Wood said it also expects further growth in this area as approximately $600 million (£434m) of potential hydrogen projects upon which it could bid are due to come through in the “medium term”. Andrew Stewart, president of strategy and development, described the market as having strong momentum.
“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,” he said. “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.”
READ MORE: Aberdeen engineering group hails potential of hydrogen energy project
Among the new contracts is a three-year engineering framework agreement signed with Norway’s NEL Hydrogen, under which the partners will develop and build large-scale green renewable hydrogen projects around the globe. Green hydrogen is produced through the electrolysis of water to split its component hydrogen and oxygen atoms.
Wood’s technology is also being used in South America’s first advanced biofuels project, where efforts are underway to produce up to 20,000 barrels per day of renewable diesel and jet fuel at the Omega Green facility in Paraguay.
READ MORE: Can renewables jobs make up for Scottish oil industry decline?
The company is also working with ADNOC on a world-scale blue ammonia production facility in Abu Dhabi to drive the development of hydrogen in the Middle East. Blue hydrogen is produced from natural gas, with the carbon emissions captured before they reach the atmosphere.
Wood is seeking to reduce its reliance on the oil services work upon which the company was built. It underlined its commitment to this at the end of last month when it announced the appointment of Josh Carmichael to the newly-created role of vice president of hydrogen.
“As the world’s population increases the demand for clean, affordable and reliable energy is unrelenting,” Mr Stewart added. “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.”
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereLast Updated:
Report this comment Cancel