Wood Lands Producers' Group CCS Contract

International engineering firm Wood Group has been awarded a multi-million dollar contract by the Oil and Gas Climate Initiative Climate Investments (OGCI CI) to provide conceptual engineering for its gas-fired power and industrial carbon capture conceptual design work, it said March 26.

Wood will lead this first-of-a-kind project which aims to reduce CO2 emissions. The industrial carbon capture design will initially cover five of the principal industrial emitters of CO2: the production of hydrogen, fertiliser, petrochemicals, cement, and steel. Wood did not say where the concept would be applied but the OGCI last November picked Teesside, a port in northeast England near a major industrial complex, for its first full-chain CCUS project.

Wood said it was working closely with its customers to lead the energy transition and "being at the forefront of this important, industry-led initiative further demonstrates our ongoing commitment to mitigating climate change by reducing CO2 emissions."

Climate Investments is a $1+bn fund investing in technologies and business models to lower the carbon footprint of the energy and industrial sectors and their value chains. The fund was created by the CEOs of a number of the international oil companies to take practical action on climate change: BP, Eni, Equinor, Repsol, Shell, Total from Europe: Chevron, ExxonMobil, Occidental Petroleum, Petrobras and Pemex from the Americas; CNPC from China, and Saudi Aramco. They invest in innovative companies that are ready to be commercialised and collaborate with global co-investors and industrials to achieve speed and scale.