Economic Report 2019

CASE STUDY

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Atkins, an SNC Lavalin Company, has diversified its business model to take advantage of opportunities provide by low carbon energy sectors alongside existing oil and gas and wind divisions. This includes direct investment and the creation of multi-skilled engineering teams. Atkins is applying traditional oil and gas capabilities to support other low carbon energy solutions in harsh environments. Along with this, Atkins has invested £1 million in low-carbon alternatives to hydrocarbons and new solutions for existing hydrocarbon infrastructure, including CCUS and waste-to-fuel projects.

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CASE STUDY

Wood recognises the transition from traditional fossil fuels presents an opportunity to further diversify its business while creating a sustainable future for its people and the communities where they operate.

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Wood’s journey to broaden its capabilities is clearly aligned with the energy transition and emerging global trends in supply and demand. Wood’s strong heritage in oil and gas combined with an ever-increasing role in the development of renewable power generation and infrastructure, ideally positions the company to meet the needs of a low-carbon future.

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Wood is already active in this space, leading a first-of-its-kind project to reduce CO 2 emissions for an international climate change investment fund by designing a gas power plant with carbon capture.

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On Scotland’s west coast, Wood is supporting the growth of lower-carbon alternatives by advising on how the existing gas network could be used to transport hydrogen as a fuel for local ferries.

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The company is also continuing to support long-standing customers through the energy transition into clean energy. In the Netherlands, Wood recently completed work as owner’s engineer on Shell’s first solar PV plant which will generate power for the onsite chemical facility.

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