Wood Group wins biofuels facility construction contract

(Sharecast News) - Wood Group has secured a multi million dollar construction contract from IR1 Group, it announced on Tuesday, which is building the Red Rock Biofuels facility in Lakeview, Oregon.The FTSE 100 company said it was contracted to provide construction and mechanical services.It explained that the facility would convert waste woody biomass into renewable jet, diesel and gasoline blendstock fuels.The construction of the Lakeview facility was expected to take around two years.Upon completion, the biofuel facility would convert more than 136,000 tons of waste woody biomass into 15.1 million gallons of renewable fuels each year.The design would incorporate three technologies - gasification, Fischer-Tropsch and hydroprocessing - which Wood said would yield ASTM-approved fuels."Wood is thrilled to partner with IR1 Group to provide construction services for this important renewable fuel project," said Andrew Stewart, chief executive officer of Wood's Asset Solutions Americas business."A lower carbon fuel market in the US and Canada is something we are proud to be supporting, and this new facility will make real strides in leading the production of renewable, low-carbon fuels."