Refining & Petrochemicals Middle East
Tecnicas Reunidas (TR) is one of the world’s leading engineering and construction companies providing sustainable solutions in the global energy space. In 1972 the company absorbs Tecniresa. It adopts the current corporate name, and it becomes a company with 100% Spanish capital. TR was one of the first engineering and construction firms to set up in China, that occurred the end of the 80`s.ater having been present in the country for over 20 years, it has developed projects in various areas, including petrochemicals, fertilisers and iron and steel.
The company is mainly focused on engineering projects, the development of industrial plants for the production of clean fuels and petrochemical products, the production and processing of natural gas, and the promotion of advanced low carbon emission technologies, such as green hydrogen, CO2 sequestration and capture, biofuels, waste recovery, etc.
During the year 2021, TR and its Emirati partner Target were awarded a contract worth $950 million by Abu Dhabi National Oil Company (ADNOC) related to the Dalma Gas Development Project being carried out by an association of companies led by the ADNOC off the northwest coast of the UAE.
The contract awarded is part of the Ghasha concession, the world’s largest offshore sour gas development. Stakeholders in the Ghasha Concession comprise ADNOC (55%), Italy’s ENI (25%), Germany’s Wintershall (10%), Austria’s OMV (5%) and Russia’s Lukoil (5%).
Prior to this, the company announced that ADNOC has selected it to sign a framework agreement for the Spanish company to compete for contracts worth a total of around $1 billion.
These contracts are related to the development of conceptual engineering and advanced engineering services (FEED) necessary for the implementation of various projects that the Arab company, one of the largest in the world in its sector, considers essential throughout its value chain to achieve the fulfilment of its Strategy
IT has more than 7,500 employees, and its revenues reached $3.86 billion in 2020.