Renta 4 | Técnicas Reunidas (TRE) has announced that it has reached an agreement with the Australian company, Allied Green Ammonia, to begin the basic engineering and design phases of a hydrogen and green ammonia production facility.
If financing for this project of around $8.5 billion is secured, the detailed engineering and construction phases of the plant will begin and the plant will come on stream in 2028.
Assessment: Positive news from a strategic point of view as it shows the positioning of Técnicas Reunidas as a key player in the energy transition.
Neutral news from a financial point of view given that for the moment the current contract, according to our estimates, could be around €10/20 million.
