RE: Bottom25 Mar 2021 17:16
Oil killed this today and low volume.
Interesting they put out news of an EPC contract on their web page today but nothing public. Again a contract in non oil and gas so shifting portfolio as anticipated. Linkage of share movement to oil price seems a little old now for this company.
Wood, the global consulting and engineering company, has entered into a partnership with ReNew ELP to develop the world’s first commercial-scale plastic recycling plant using an innovative advanced recycling process in the north east of England.
The plant will use HydroPRS™ (Hydrothermal Plastic Recycling Solution) to recycle end-of-life plastic waste into hydrocarbon feedstocks, for use in the manufacture of new plastic products and other materials; diverting plastic away from the natural environment, decoupling plastic manufacture from fossil resource, and reducing CO2 emissions.Wood will lead on the delivery of engineering, procurement, and construction (EPC) solutions for the new facility, with works starting imminently."