Técnicas Reunidas

In Europe 22nd November 2023

Técnicas Reunidas wins contract to design and execute decarbonisation at three ArcelorMittal plants

Bankinter | ArcelorMittal is to renovate its plants in Dunkirk, Ghent and Bremen. The budget amounts to €2,000M. Técnicas Reunidas will carry out the design and execution of the projects. This order is part of ArcelorMittal’s objective to decarbonise its plants by 2050, for which it plans to invest €75 billion. Assessment: Positive news because it allows it to increase its presence in a high-growth segment such as decarbonisation (it…

In the World 22nd September 2023

Técnicas Reunidas reaches agreement for green hydrogen project in Australia

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…

Companies, Relevant News Item 24th August 2023

Técnicas Reunidas closes in on 2023 contracting target with award of €520m project for QatarEnergy

Renta 4| The company has informed the CNMV that QatarEnergy has awarded it the additional engineering, procurement and construction (EPX) works for the off-plot Liquefied Natural Gas (LNG) facilities of the North Field South project. The contract is worth $560 million (€520 million), the fourth contract awarded by QatarEnergy to Técnicas Reunidas in the last 24 months. Assessment: Positive impact on the share price given the amount of the contract,…

Companies, Relevant News Item 10th August 2023

Técnicas Reunidas awarded contract in UAE potentially worth €1,636 million

Renta 4| The gas division of the state-owned oil company Abu Dhabi National Oil Company (Adnoc Gas) has reportedly awarded the Joint Venture formed by National Petroleum Construction Co. and Técnicas Reunidas (TRE) a contract worth up to $3.6 billion to expand its gas processing infrastructures in the UAE. Specifically, the contract calls for the construction of new gas processing facilities to optimise supply to the Ruwais industrial complex. The…

Tecnicas Reunidas announce new tenders at the end of 2018

Relevant News Item 22nd May 2023

Técnicas Reunidas to develop world’s first zero-emission nitrogen fertiliser plant in USA with American company Atlas Agro

Técnicas Reunidas has signed a contract with green fertiliser company Atlas Agro to develop a zero-carbon fertiliser plant, Pacific Green Fertilizer (PGF), in the northwest of the US, near Richland, a city in Benton County (Washington), as reported yesterday by CapitalBolsa.com. Técnicas Reunidas and Atlas Agro have already worked together in the previous phase, the Feasibility Phase of the PGF Plant. The current contract includes the execution of the FEED,…

Companies, European economy, In Europe 27th April 2023

Técnicas Reunidas to develop southern Europe’s second largest 2-G biofuels plant for Cepsa in Huelva

Link Securities | Cepsa has awarded Técnicas Reunidas the contract to develop the engineering for the largest second-generation (2G) biofuels plant in southern Europe, which the company will start up together with Bio-Oils through an investment of up to €1 billion, in the La Rábida Energy Park (Huelva). The new plant, which will use agricultural waste and used cooking oils as feedstock, will have two pre-treatment units and a flexible…

European economy, In Europe 19th April 2023

Técnicas Reunidas and FCC to build €1-billion regasification plant in Germany

Técnicas Reunidas, FCC and the Turkish company Enka have been awarded a contract worth around 1,000 million euros for the construction of a liquefied gas regasification plant for Hanseatic Energy Hub in the port of Stade, in the Haburg region. This terminal will be built next to a plant of the chemical giant Dow Chemical to utilise its industrial heat. It will be erected at full speed, with the aim…

World economy 25th January 2023

Técnicas Reunidas wins $1bn contract to build fertiliser plant in Kazakhstan

Técnicas Reunidas (TRE) has won a contract to engineer an ammonia, urea, nitric acid and ammonium nitrate production complex owned by Kazazot, Kazakhstan’s leading fertiliser company. With a total planned investment of around $1 billion, the plant will be located in the town of Aktau, capital of the Mangystau province, in the southwest of the country. Técnicas Reunidas will initially carry out the engineering of the facility under a FEED-OBE…

Spanish economy 13th August 2021

Técnicas Reunidas Requests A Loan Of €290 Million From The State

Bankinter analysts explain that Técnicas Reunidas (TRE) , the engineering and construction company, has had to face a particularly difficult year due to the pandemic, with delays in the execution of contracts. This has led to a sharp fall in revenues and net cash and a worsening of its margins, forcing it to resort to a participatory loan of 290 million euros from SEPI (Sociedad Estatal de Participaciones Industriales). The…

Ibex 4th March 2020

Técnicas Reunidas: Portfolio at Historic High (€10,026 million) but Low Visibility on Margins

Bankinter | Técnicas Reunidas enjoys a record order book and a healthy balance sheet, including a positive net cash balance. However, margins continue to be tight and this is the main source of uncertainty in the medium term. Furthermore, the reduced visibility of the oil and gas price recovery and the low diversification of its business (focused on the Middle East), leads us to increase our caution.

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