EcoNomics™ is Worley’ enterprise-wide framework thatensures profitable integration of sustainability into ourcustomers’ projects and operating assets. We work with ourcustomers’ objectives, commitments, risks and opportunities inmind to identify and deliver both profitable and sustainable outcomes.
Our EcoNomics™ framework comprises three components:Sustainable Decisions, Sustainable Project Delivery and SustainableOperations. These components, along with our carbon management service;Carbon EcoNomics™, provide our customers with the capability toenhance project risk management and improve sustainability performanceacross the asset lifecycle.Sustainable Decisions
We use our EcoNomics™ Assessment process to quantify and monetizerelevant environmental, social and financial project factors across theasset lifecycle, helping our customers make profitable and sustainabledecisions.Sustainable Project Delivery
Through our proprietary project delivery systems, we integratesustainability enhancing systems, tools and expertise into ourcustomers’ projects, enhancing project risk management andconverting their sustainability objectives into profitable projectoutcomes.Sustainable Operations
We utilize our established Improve Operating Platform to identify anddeliver projects that improve the environmental, social and financialperformance of existing assets.Carbon EcoNomicsTM
We provide our customers with solutions to emerging issues, risks andopportunities associated with carbon emissions and climate change.
We enhance our customers’ decision quality byquantifying the environmental, social and financial sustainability ofproject options over the long term, helping our customers identifyoptimal business outcomes.
Our economic, engineering, environmental, social, risk and estimatingspecialists work in integrated teams to assess project options againsttechnical, social, environmental and financial considerations anduncertainties. We utilize a suite of sustainability decision-makingtechniques, including our EcoNomics™ Assessment process to helpcustomers make informed decisions for the long term.EcoNomics™ Assessment
Using this unique process, audited and approved by Lloyd’sRegister Quality Assurance under ISO 9001, we quantify and monetizerelevant environmental, social and financial project considerations,helping our customers make robust decisions.
During early alignment, we work with our customers to determine projectobjectives, risks and constraints, and identify a wide range of optionsfor comparison. Our integrated teams develop engineering concepts andestimates for each option, and quantify and monetize relevantnon-technical considerations. We then assess the performance of optionsusing our proprietary DELTΔ tool, comparing and communicating thelifecycle costs and benefits of options in monetary terms, over a widerange of possible future business conditions.
Worley’ EcoNomics™ Assessment represents global bestpractice in advanced business decision making for sustainability.Having delivered over two hundred EcoNomics™ Assessmentsworldwide, this process has helped our customers save millions of tonsin CO2 emissions, billions of gallons of water and significantlyenhanced our customers’ financial outcomes.
|Project Biofouling Control & Research |
Customer Biofouling Control & Research
Project Location United Arab Emirates
|Worley undertook a sustainability assessment toevaluate existing disinfection practices at the desalination and powerplants of the United Arab Emirates. Thirteen biofouling control optionswere compared, and the Worley’ EcoNomics™ Assessmentprocess was used to compare the lifecycle costs and benefits of eachoption given environmental, social and financial considerations. Theprocess identified the most profitable and sustainable option over awide range of future business conditions to help the Regulations andSupervision Bureau make a strategic decision on the future disinfectionpractices at all existing and new plants. |
Sustainable Project Delivery
Through our proprietary project delivery systems, we integratesustainability enhancing systems, tools and expertise into ourcustomers’ projects, enhancing project risk management andconverting their sustainability objectives into profitable projectoutcomes.
Using the Sustainable Project Delivery process, Worley works with our customers to:
• Bridge the gap between our customers’ commitments to stakeholders and project delivery
• Identify and manage the full suite of business risks that may impact our customers’ projects and operations
• Ensure projects are aligned to our customers’ corporate sustainability goals, and;
• Support decision making when trade-offs exist between technical, social, environmental and financial performance.
During early project alignment, we work with our customers to identifytheir corporate and project goals, non-technical risks and stakeholdercommitments. Our integrated engineering, estimating and non-technicalspecialist teams then identify opportunities that help achieve ourcustomers’ goals, manage their risks and address theircommitments. We then work with our customers to implement profitableand sustainable opportunities, and communicate improved performancemetrics.
Typical achievements include: waste and emissions reduction, increasedproduction efficiencies, energy and water savings, reducedenvironmental and social impacts within operations and improvedstakeholder relationships. This process helps our customers realizetheir sustainability goals, enhance their social license to operate,and demonstrate tangible value to their shareholders.
|Project Southern Seawater Desalination Plant |
Customer Water Corporation
Project Location Australia
|Worley forms part of The Southern SeaWaterAlliance (SSWA) which is designing, constructing and operating theSouthern Seawater Desalination Plant (SSDP) in Western Australia.Critical to the success of this project is integrating sustainablepractices and processes into engineering design, construction andoperation to create a world leading sustainable and energy efficientdesalination plant. The Sustainable Project Delivery processincorporated a number of specialists from across the sustainability andengineering sectors to provide strategic and integrated sustainabilitysolutions. This unique capability has provided significant value to theWater Corporation including over $8m direct financial savings as wellas other substantial savings in areas of carbon emissions, energy,water and environmental impact. |Sustainable Operations
Building on the strong relationships within our established Improvealliances, we work to realize our customers’ sustainabilityobjectives while continuously achieving new benchmarks inreturn-on-investment in their entire asset portfolio.
The business world faces many challenges, not only to maintainperformance and security but also to reduce costs and mitigate risk,all the while increasing revenues to remain profitable. The impact ofthese challenges has been magnified in recent years, brought about bythe opening of markets to create a globalized economy coupled withconstant pressure imposed on industry from external regulatory bodies.Today, organizations have to deal with more challenges than ever beforeto be sustainable.
The Sustainable Operations process begins with the identification ofour customers’ business risks and sustainability goals. Typicalaspirations include reducing waste, emissions and use of resources, andincreasing production efficiencies. All generally have the potential toimprove our customers’ financial performance. We consider thesegoals when identifying and prioritizing value adding projects toundertake, and then when delivering the projects to ensure ourcustomers optimize the profitability and sustainability of theiroperations.
In responding to our customer’s aspirations and by understandingrelevant project and operational issues, we are confident we have thesystems, tools and people to offer tailored solutions for our customersto remain both sustainable and profitable in the long term.US$6B estimated total value delivered to our customers annually
Worley is uniquely positioned to help our customers manage therisks and maximise the opportunities of the emerging low-carbon economy.
Around the world, governments, investors, business and the public aremoving towards a low carbon future. This trend will accelerate in theyears to come. This trend presents unique business risks andopportunities for industry operating in a carbon constrained worldwhere greenhouse gas (GHG) emissions will increasingly be capped andpriced, and environmental legislations covers a broadening range ofbusiness activities
Adjusting to the business reality of carbon requires industry to deploya range of solutions to manage risks and maximise opportunity.Worley provides a broad range of technological, engineering andmanagement solutions to meet the carbon challenge. Each aims to providea component of a complete carbon management strategy for our customersin the hydrocarbons, power, mining and metals, and infrastructuresectors. These focus areas are:
• Carbon consulting
• Energy efficiency and recovery
• Renewable energy
• Carbon capture and sequestration (CCS)
• Advanced coalA unique service
The range of solutions that industry will need to deploy to adjust to alow carbon future is illustrated in the widely discussed“wedge” concept. It is a fundamental part of the CarbonEcoNomics™ approach. Each may provide a component of a completecarbon management strategy for our customers in the hydrocarbons;power; minerals and metals; and infrastructure and environment sectors.
|Project Strategic Analysis of the Global Status of CCS Development |
Customer Global CCS Institute
Project Location Global
|The Global Carbon Capture and Storage (CCS) Institutecommissioned Worley, with Schlumberger, Baker & McKenzie andElectric Power Research Institute (EPRI), to complete a strategicanalysis of the global status of carbon capture, transport and storageprojects and technologies. The project covered the status ofdemonstration projects, the costs of CCS and the impact of the globalfinancial crisis, policy and regulatory frameworks, research anddevelopment efforts, and the commercial and non-commercial gaps to theglobal deployment of CCS. |
The reports delivered are the first step in the global CCSInstitute’s objective of beginning broad deployment of carboncapture and storage by 2020.
|Project CSG to LNG project – Greenhouse Gas Assessment |
Project Location Australia
|Worley was selected as the Environmental ImpactStatement (EIS) and approvals consultant for a major coal seam gas toliquefied natural gas project in Queensland. A major task in preparingthe EIS was to perform the Greenhouse Gas (GHG) assessment over theestimated 30 year project lifetime. The GHG mitigation measures thatwere identified included reduced flaring, energy efficient turbines,utilisation of waste heat for power generation, and boil-off gasrecovery during LNG ship loading. These combined measures could save 62million tonnes CO2-e over the project lifetime. |
|Project Climate Change Study for Energy Sector |
Customer World Bank
Project Location Albania, Uzbekistan
|Worley has undertaken a project providingengineering services for adaptation of vulnerable energy infrastructureto climate change for the World Bank. Worley EcoNomics™Assessment capabilities are utilised to quantify the social,ecological, and community impacts of existing and planned facilities inthe face of potential climate change effects, and to evaluateappropriate adaptation actions that could be taken to manage the risks.Our wide-ranging, global experience in the Power sector supports theEcoNomics™ Assessment process by providing key technical andengineering expertise. This project demonstrates Worley’proven experience as an innovator in the area of climate change, assetintegrity and engineering. |
|Project Whareroa Energy Efficiency Project |
Project Location New Zealand
|Worley’ energy efficiency specialist group,Demand Response, assisted Fonterra to achieve a 15% reduction in annualenergy use over five years. Fonterra is one of the largest dairycompanies internationally. In 2002 Worley was engaged to assistimproving Fonterra’s energy efficiency. A site-wide processdescription was prepared, providing the basis for the pinch analysis.The key was to rethink the project boundaries and integrate the water,heat and energy systems. The energy savings generated a payback periodof less than two years on the $3.5 million invested. |
Setting a new standard
Our vision is that EcoNomics™ will be a key differentiator forWorley in delivering sustainable long term business outcomes forour customers.
We have embedded EcoNomics™ into our proprietaryproject delivery systems, across all project phases, in a manner thatensures scalability, efficiency, consistency and quality. It provides acommon framework for project execution and applies to all projectactivities throughout Worley.
EcoNomics™ principles are applied across all our services:Select
- during front end design phase, EcoNomics™ provides conceptsdesigned for sustainability over the lifecycle of a project, ratherthan simply focusing on upfront costsDeliver
- embedding EcoNomics™ systems, tools and expertise in ourproject teams during execution ensures we manage non-technical risksand identify sustainability opportunities from early in the project.Improve
- EcoNomics™ enables the identification of opportunities inexisting operations to improve efficiency, maximize reuse and minimizewaste, thus reducing operating expenses and dependence on resources.
We deliver EcoNomics™ to those customers interested in owning amore financially, socially and environmentally robust project. More ofour customers are electing to engage this framework, and the systems,tools and expertise that underpins it, to minimize risk and maximizethe sustainable benefits for their projects. In the future, we believethat all of our customers will see the benefits of working withWorley to deliver projects using EcoNomics™.