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HomeLatest NewsTécnicas Reunidas identifies low emission projects for 9,000 million

Técnicas Reunidas identifies low emission projects for 9,000 million

Date: March 30, 2023 Time: 10:10:43

Técnicas Reunidas in its proposal for the energy transition and decarbonization of the industry with the presentation of ‘track’, an accelerated platform that will delve into the promotion of the development of technologies that are capable of reducing CO2 emissions by 52% of all the world In this sense, the company contemplates a portfolio of opportunities of more than 9,000 million euros in low emission technology projects, while it is already working on facilities related to the hydrogen value chain.

It is also developing two projects in Spain for second-generation bioethanol and green ammonia, with a joint investment of around 400 million euros and the creation of more than 350 jobs. Engineering is also beginning for the Catalina project, promoted by Copenhagen Infrastructure Partners (CIP), for a 500 megawatt (MW) green hydrogen generation plant in Andorra (Teruel), an area included within the Just Transition Strategy. The plant will allow the generation of more than 50,000 green hydrogen per year. In a second phase, it is planned to expand the project to 2,000 MW.

As the company explained this Monday in an act with the third vice president and minister for the Ecological Transition, Teresa Ribera, it is also designing a waste-to-biomethanol conversion plant with a generation capacity of 90,000 tons per year in the Netherlands. The raw material used is biomass and municipal waste from the city of Amsterdam. The plant is expected to start the construction phase in the second half of this year. For its part, in the United Kingdom, the detailed engineering of a carbon capture unit for an 800 MW combined cycle plant is being developed. The objective of this is to support the integration into the electrical system of renewable energy generation.

“Técnicas Reunidas is already in the energy transition. We have accompanied the energy industry for 60 years, in which we have been a benchmark in project execution and innovation. Our clients are transforming; and we with them. But with ‘track ‘, we want to have a greater presence in the energy transition and decarbonization. pointed out the executive president of the engineering and technology firm, Juan Lladó.

Agreement with McKinsey

Through ‘track’, Técnicas Reunidas is expanding its presence in projects and services linked to the energy transition and decarbonisation, with the ambition that they will account for between a third and a half of its turnover in 2030. The four lines of business in Those that will be focused through this initiative are: the provision of engineering services for the design of projects with energy transition technologies, the promotion and structuring of projects in low emission technologies, new services for carbon management and the goal in value of its capacities to develop and scale up low-emission technologies or circular economy at an industrial level.

Técnicas Reunidas has reached a collaboration agreement with the consulting firm McKinsey to accelerate the implementation of the ‘track’ services, which will have a special focus on Spain, Europe and the United States. The company obtained a loss of 34.5 million euros in 2022, which represents a cut of 82% compared to the ‘red numbers’ of a year earlier. The project portfolio as of December 31 of last year, which includes awards already closed in 2023, reached 10,732 million euros. New orders in 2022 reached close to 1,700 million euros. The company’s forecast for 2023 is to achieve total sales of 4,000 million euros and an EBIT margin of 4%.

“Técnicas Reunidas is an example of success that is a pleasure to walk around the world and can play a leading role, thanks to its significant presence and credibility, with an appropriate size to move with flexibility and solvency and a portfolio that admits innovation”, has said Teresa Ribera.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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