This is good news for chemical market, Worley entered into a framework agreement with Nouryon, a global company in the specialty and industrial chemicals market.
As part of the agreement, 50 employees of Nouryon Projects & Engineering will continue their careers and their EPCm activities under the banner of Worley.
Nouryon has guaranteed a significant amount of work for the duration of 5,5 years, including programs and maintenance on Nouryon’s European sites, as well as new discrete projects. The first new projects under the Master Service Agreement (MSA) are expected to start in December in the Netherlands and Sweden.
This new partnership is an addition to a series of long-term customer relationships in the chemical market in Europe, including a Global Engineering Alliance with BASF, a strategic partnership with SABIC and long-term relationship with Dow Chemicals and Borealis. It also brings additional knowledge and opportunities for green hydrogen production.
The Worley relationship with Nouryon strengthens position in the chemicals market, consistent with their strategy. The transfer of the Nouryon team enhances Worley’s deep knowledge and skills of the chemicals market.
As we focus on Worley, It delivers projects, provides expertise in engineering, procurement and construction and offers a wide range of consulting and advisory services. It covers the full life-cycle, from creating new assets to sustaining and enhancing operating assets, in the hydrocarbons, mining, mineral, metals, chemicals, power and infrastructure sectors. Our resources and energy are focused on responding to and meeting the needs of customers over the long term and thereby creating value for shareholders.