Wood builds on strong partnership with Equinor, securing two-year contract extension in the UK
Methanol is used in the production of hundreds of everyday products, including disinfectant, paint and gasoline additives, and it has become an affordable, alternative fuel due to its efficient combustion, ease of distribution, and wide availability around the globe.
Wood was awarded a contract by Atlantic Methanol Production Company (AMPCO) to deliver engineering, design, procurement, QA/QC, and project management services to their Bioko Island methanol plant in Equatorial Guinea.
As a more environmentally friendly, biodegradable fuel source, methanol is an attractive alternative to support decarbonisation targets. The plant, which has been operating successfully for around two decades, is one of Africa’s largest methanol plants, producing roughly one million metric tons of methanol per year, supporting increased global demand.
Wood successfully installed the methanol plant’s terrace wall steam reformer in the early 2000’s and has been supporting the plant throughout its operation, including providing thermal studies and completing a radiant firing wall replacement project in 2019.
As part of the awarded scope, Wood is supplying aftermarket services, including more than 750 catalyst tubes and spares for installation at the site. Specialist teams in both New Jersey and Milan are jointly executing the engineering, design, procurement, QA/QC, and project management for the development.
Azad Hessamodini, Executive President of Wood Consulting said, “The global methanol market is anticipated to grow to reach 135.60 million tons by 2030 due to increased demand for the chemical and its by-products across multiple industries.”
“Wood is delighted to continue supporting AMPCO’s operations as they meet this demand and explore emerging clean energy applications for methanol products. Our aftermarket services play an integral part in achieving plant reliability and cost-effective, optimised performance.”
Wood has supplied more than 220 terrace wall steam reformers to the downstream industry worldwide and has supported the design, fabrication, operation, and maintenance of proprietary technology for over 100 years.