HERE TIS: INEOS extends master services agreement with Worley INEOS Chemicals Grangemouth Ltd & INEOS Infrastructure Ltd, together referred to as INEOS O&P UK, have extended, for four years, Worley’s master services agreement for its Grangemouth, UK site where it produces core chemical products such as ethylene, polyethylene and ethanol. Under the agreement Worley will provide small capital engineering services for ongoing maintenance and upgrades to the INEOS O&P UK assets. The services will be executed by Worley’s Glasgow, UK office with support from Worley’s Global Integrated Delivery team. The term of the agreement is four years. “Worley has been at Grangemouth for more than 20 years and this extension of our master services agreement reinforces the strong relationship the Worley team has developed with INEOS O&P UK. We look forward to continuing our relationship and helping INEOS O&P UK achieve its sustainability goals,” said Chris Ashton, Chief Executive Officer of Worley.
GLAH mmmmmm.. thinkin.
WOR Price at posting:
$10.52 Sentiment: Buy Disclosure: Held
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