Link | Técnicas Reunidas yesterday paid the €271 million outstanding on the loan from the State Industrial Holdings Company (SEPI), following the partial repayments it had already made in accordance with the payment schedule established for this purpose. The company has thus repaid the loan in full almost a year ahead of schedule. The loan, for a total amount of €340 million, was granted in February 2022 in view of…
Link Securities | Técnicas Reunidas (TRE) has been selected, together with General ElectricVernova, by German energy company RWE to develop a hydrogen-compatible combined cycle gas (CGT) plant with a capacity of around 850 megawatts (MW) in Voerde, in the federal state of North Rhine-Westphalia, according to information provided by the company to the Spanish National Securities Market Commission (CNMV). The plant will be able to use 50% natural gas and…
Link Securities | Técnicas Reunidas (TRE) is one of the strong candidates to participate in the oil projects put out to tender by Kuwait, through the state oil company Kuwait Oil Company (KOC), according to Expansión newspaper. Specifically, the process is divided into several lots totalling around $6.5 billion (around €5.6 billion). The newspaper notes that Técnicas Reunidas has submitted the best bids to build several fluid separation facilities and…
Bankinter | It will be the largest green hydrogen complex in the world. It will be built in Yanbu and its client is ACWA Power (owned by the Saudi sovereign wealth fund). The first design phase (Feed) includes a facility for the production of 400,000 tonnes per year of green hydrogen (with 4GW of installed electrolysis capacity) and its conversion through synthesis cycles to green ammonia, as well as all…
Renta 4 | Técnicas Reunidas (TRE) will publish its 2Q25 results on 31 July before the market opens (results conference call – 11:00 CET), in which we expect to see a continued gradual improvement in margins, paving the way to meet the 2025 guidance of an EBIT margin of around 4.5%. Additionally, we do not rule out that following the company’s announcement that some customers had requested an acceleration in…
Bankinter | Técnicas Reunidas has informed the National Securities Market Commission (CNMV) that it has been awarded a contract in the United Arab Emirates for a total amount of $3.394 billion. Specifically, it will develop oil exploration and production facilities for Abu Dhabi National Oil Company (Adnoc). The project is estimated to last five years and is a turnkey deal. Opinion of the analysis team: Positive news. The contract is…
Renta 4: The company has informed the CNMV of the relaunch of the Hassi Messaoud refinery project in Algeria. It should be recalled that this contract was awarded at the end of 2019 to Técnicas Reunidas (55%) in consortium with Samsung (45%) for an amount of $3.7 billion, $2 billion for Técnicas Reunidas. The new contract amounts to $4 billion and will be carried out by a new joint venture…
Alphavalue / Divacons | The Spanish oil services company is in advanced talks to build a new gas development project in Kazakhstan, one of the world’s largest oil and gas producers, with an investment budget of up to $3 billion (around €2.7 billion), reports Expansión. According to energy sources, state-owned KazMunayGaz (KMG) is negotiating the contract with the Spanish company as part of a programme to modernise the Tengiz oil…
Link Securities | Técnicas Reunidas (TRE) has announced that it has successfully developed proprietary technologies in two areas that are currently of great strategic and geopolitical importance: critical raw materials and rare earths, according to the Bolsamanía portal. In addition, TRE has other proprietary technological developments in fields that are fundamental to the energy transition, such as carbon capture, green hydrogen production, the circular economy and biorefining. The company carries…
Singular Bank | The Spanish multinational engineering and infrastructure construction company for the oil and gas sector has opened offices in the US. In doing so, it hopes to address the current need to increase green energy and will invest around €55 billion in decarbonisation technologies, hydrogen, biofuels and carbon capture by 2030. It has also confirmed that thanks to its alliance with the Chinese oil company Sinopec, it has…