Decarbonisation Investor Event - 31 October 2023
Decarbonisation at the heart of Wood's growth strategy
Decarbonisation is both an imperative for the world and a tremendous business opportunity for Wood. It sits at the heart of our strategy and is already driving growth in each of our end markets, all our geographies and across every part of our business. The opportunities are varied but reducing the carbon intensity of our clients' existing assets is the biggest near-term value generator.
Energy. Materials.
Oil & Gas | Hydrogen | Carbon Capture | Minerals | Chemicals | Life Sciences |
Decarbonisation
Digitalisation
Key messages
The opportunity is here and now - we're already growing in decarbonisation.
The work is complex with a high barrier to entry - it requires deep domain, technical and safety expertise.
We already have the talent to deliver - none of this work is a step out for our business today.
Most opportunities are with existing clients - we know them well, and we know their assets.
Differentiators in decarbonisation
- World-classtechnical expertise - our clients recognise we excel in complex work.
- Outstanding track record - 60 years in hydrogen, over 200 CCUS studies.
- Trusted partner to key clients - MSAs with Chevron and Shell, 85+ years with Exxon, 40+ years with bp.
- In the right markets and geographies - 40+ years in the Middle East, 7,000+ colleagues in USA.
- End-to-endlifecycle offer - shape solutions with clients and help deliver them.
- Proprietary tech and digital solutions - both Wood led and through partnerships.
HY23 revenue split by market
Oil & Gas 56%
Power 4%
Renewables 1%
Hydrogen & CCUS 1%
Refining & Chemicals 21%
Minerals 6%
Life Sciences 2%
Other 9%
Our biggest decarbonisation growth opportunity is in reducing the carbon intensity of assets in industrial sectors.
Sustainable solutions revenue (HY23)1
20%
Revenue from sustainable solutions 20%
20% growth in sustainable solutions revenue in HY231
33% of sales pipeline now sustainable revenue2
Our decarbonisation offer
Advisory | Implementation | |||||
Core solutions | Substitute | Capture | Optimise | |||
• Emissions baselining | • Renewables | • CO2 capture | • Process optimisation | |||
• Real-time carbon | integration (solar and | • CO2 transportation | - Energy efficiency | |||
wind) | ||||||
footprinting | • CO2 storage | improvements | ||||
• Electrification | ||||||
• Lifecycle carbon | • Methane abatement | |||||
analysis / optioneering | • Fuel switching | • Flaring / venting | ||||
• Decarbonisation road- | - Biofuels / SAF | |||||
• Circular carbon | ||||||
mapping | ||||||
• Hydrogen | economy | |||||
- Project level / Clusters | ||||||
- Ammonia / LOHC | - CO2 re-use/E-fuels | |||||
• Technology selection | ||||||
• Power-to-X | • Repurpose | |||||
and integration | ||||||
infrastructure | ||||||
• Policy and funding | ||||||
- Hydrogen pipelines | ||||||
applications | ||||||
Examples of our work
Advisory | Substitute | Capture | Optimise | |||
Phillips 66 / Vitol VPI - decarbonisation roadmapping, Humber Zero (UK)
Equinor - integrating | Shell - Deer Park Chemicals | Basrah Gas Company - flare |
renewables to electrify assets, | Complex (USA) | reduction work (Iraq) |
Hywind Tampen (Norway) |
INEOS - lifecycle carbon | ADNOC - blue hydrogen and | Pathways Alliance - 400km | Cadent - repurposing existing |
analysis (LCA), Project One | ammonia, TA'ZIZ (UAE) | CO2 pipeline (Canada) | gas infrastructure, HyNet (UK) |
(Belgium) |
Sempra - LNG | Chevron - bio-refineries | bp - CO2 capture, transport |
decarbonisation roadmapping | expansion (USA) | and storage, Net Zero |
(USA) | Teesside (UK) |
Hess - asset optimisation to reduce emissions (Malaysia)
Footnotes
1, 2 - See HY23 results presentation for further details at: woodplc.com/investors/results-and-presentations
Disclaimer
The information and opinions contained in this Factsheet (the "Document") do not purport to be comprehensive, are provided as at the date of the Document and are subject to change without notice. The Company is not under any obligation to update or keep current the information contained herein. Statements in this Document, including those regarding the possible or assumed future or other performance of the Company or its industry or other trend projections, as well as statements about the Company's or its management's beliefs or expectations, may constitute forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which are beyond Wood's control. These risks, uncertainties and factors may cause actual results, performance or developments to differ materially from those expressed or implied by such forward-looking statements. Accordingly, no representation is made that any of the forward-looking statements will come to pass or that any forecast results will be achieved.
Contact us: | woodplc.com/investors | investor.relations@woodplc.com |
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John Wood Group plc published this content on 31 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2023 12:03:47 UTC.