StockMarketWire.com - Wood Group said it had won a 'multi million dollar' construction contract from IR1 Group related to its Red Rock biofuels facility in Lakeview, Oregon.

Wood said it had been contracted to provide construction and mechanical services.

The facility would convert waste woody biomass into renewable jet, diesel and gasoline blendstock fuels.

Its construction was expected to take about two years.

'A lower carbon fuel market in the US and Canada is something we are proud to be supporting, and this new facility will make real strides in leading the production of renewable, low-carbon fuels,' chief executive Andrew Stewart said.




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