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The latest update is out from Worley Limited ( (AU:WOR) ).
Worley has been selected by Dow to provide front end engineering design under a new EPCM services contract for the cogeneration component of Dow’s Fort Saskatchewan Path2Zero project in Alberta, Canada. The work, involving a brownfield cogeneration facility with integrated post-combustion carbon capture, will be executed by Worley’s teams in Canada and India, with operations targeted for late 2030.
The Path2Zero expansion aims to create the world’s first net zero emissions integrated ethylene cracker and derivatives site for scope 1 and 2 emissions, positioning Dow and Worley at the forefront of industrial decarbonisation in petrochemicals. The award underscores Worley’s strategy to expand full project delivery solutions and highlights how integrated cogeneration and carbon capture projects can accelerate large-scale progress toward net zero operations for heavy industry stakeholders.
The most recent analyst rating on (AU:WOR) stock is a Buy with a A$14.00 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.
More about Worley Limited
Worley Limited is an Australia-headquartered, ASX-listed global professional services company focused on the energy, chemicals and resources sectors. It partners with customers to deliver projects and create value over the life of their assets, helping bridge the transition toward more sustainable energy sources while supporting current energy and materials needs.
Average Trading Volume: 3,100,664
Technical Sentiment Signal: Sell
Current Market Cap: A$5.86B
For a thorough assessment of WOR stock, go to TipRanks’ Stock Analysis page.