Empowering the Hydrogen Economy: Worley's Strategies for Cost Reduction and Supply Chain Optimisation
Key Ideas
- Worley aims to reduce the levelised cost of hydrogen by enhancing partnerships with major equipment suppliers and leveraging their expertise for green hydrogen production.
- The company focuses on supply chain risk management by collaborating with trusted partners, removing contingencies in price, and integrating risk management into design with the suppliers' expertise.
- Worley utilizes digital tools and data analytics to enhance supply chain efficiency, shift focus from transactions to collaboration, and provide real-time data for proactive risk management.
- Successful supply chain optimisation initiatives include streamlining sourcing processes through master service agreements, negotiating preferential rates, and collaborating with major equipment suppliers for MVP design.
Hydrogen stands at a crucial point as an alternative to fossil fuels, with more than 600 low-carbon hydrogen projects ongoing in Europe. Worley, a global professional services company, is committed to boosting green hydrogen production by reducing the levelised cost of hydrogen (LCOH). Worley's Senior Director, Craig Bennett, highlights the importance of partnerships with equipment suppliers to drive growth in the hydrogen industry. By developing a suite of green hydrogen products in collaboration with market-leading companies, Worley aims to optimise cost and schedule of hydrogen projects.
Regarding supply chain risks, Worley works with trusted partners to address challenges at the source and manage risks efficiently. By leveraging digital tools and data analytics, Worley enhances supply chain efficiency, focuses on collaboration over transactions, and provides real-time data for proactive risk management.
Worley's successful supply chain optimisation initiatives include streamlining processes through master service agreements, negotiating preferential rates, and collaborating with equipment suppliers for MVP design. Sustainability is a key aspect of Worley's efforts, with a focus on standardisation to save time, optimise resources, and promote a more sustainable world through simplified operations.
Topics
Green Hydrogen
Sustainability
Energy Transition
Green Projects
Partnership
Supply Chain Management
Digital Tools
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