Técnicas Reunidas Company Profile

Background

Overview

Técnicas Reunidas, S.A. (TR) is a Spanish multinational company specializing in the engineering, procurement, and construction (EPC) of industrial facilities, primarily in the oil and gas sector. Established in 1959, TR has designed and built over 1,000 industrial plants across more than 50 countries, solidifying its position as a global leader in the EPC industry.

Mission and Vision

TR's mission is to deliver comprehensive engineering solutions that meet the evolving needs of the energy sector, with a strong emphasis on sustainability and innovation. The company's vision focuses on leading the energy transition by providing technologies and services that contribute to a low-carbon economy.

Primary Area of Focus

The company's primary focus areas include:

Oil and Gas: Design and construction of refinery units, petrochemical plants, and natural gas facilities.

Power Generation: Development of fossil fuel, nuclear, hydroelectric, biomass, and solar power installations.

Infrastructure and Industries: Construction of airports, water treatment plants, and waste management facilities.

Industry Significance

Técnicas Reunidas is recognized as one of Europe's leading engineering firms in the oil and gas sector and holds a significant position in the global refining industry. Its expertise in executing large-scale turnkey projects has made it a preferred partner for major national and multinational oil companies.

Key Strategic Focus

Core Objectives

TR aims to:

Expand its global footprint by securing high-profile contracts in emerging markets.

Lead the energy transition by investing in low-carbon technologies and sustainable projects.

Enhance operational efficiency through digitalization and innovation.

Specific Areas of Specialization

The company specializes in:

Design and construction of complex industrial facilities.

Implementation of energy transition projects, including green hydrogen and carbon capture technologies.

Project management and operational services for industrial plants.

Key Technologies Utilized

Técnicas Reunidas employs advanced technologies such as:

3D modeling systems for design and construction.

Digital tools for project management and execution.

Proprietary technologies for energy efficiency and decarbonization.

Primary Markets Targeted

The company focuses on markets in:

Europe

Middle East

Latin America

Asia

North Africa

Financials and Funding

Funding History

Técnicas Reunidas has financed its operations through a combination of equity, debt, and strategic partnerships. In February 2022, the company received €340 million in aid from the Spanish government through the State Industrial Holdings Company (SEPI) to support its operations during the COVID-19 pandemic.

Recent Funding Rounds

The company has not publicly disclosed specific details about recent funding rounds beyond the SEPI aid.

Notable Investors

Técnicas Reunidas' major shareholders include:

José Lladó: Chairman and CEO, holding a significant stake in the company.

Araltec, S.L.: A Spanish investment firm with a substantial shareholding.

Aragonesas Promoción de Obras y Construcciones, S.L.: Another key shareholder.

Utilization of Capital

The capital raised has been utilized for:

Expansion into new markets.

Investment in research and development for energy transition technologies.

Strengthening the company's financial position and operational capabilities.

Pipeline Development

Key Pipeline Candidates

Técnicas Reunidas is involved in several significant projects, including:

Marjan Gas Plant Expansion (Saudi Arabia): A $3 billion project awarded in January 2024 for the development of new NGL fractionation facilities.

HyDeal España Project (Spain): A green hydrogen production plant, marking a significant step in the company's energy transition initiatives.

Ethylene Plant in Antwerp (Belgium): A project for INEOS, focusing on advanced technology for energy efficiency and environmental sustainability.

Stages of Development

These projects are in various stages, from engineering and design to construction and commissioning, with completion timelines ranging from 2024 to 2026.

Target Conditions

The projects aim to address:

Increasing global energy demand.

Advancements in sustainable energy solutions.

Technological innovation in industrial facilities.

Anticipated Milestones

Key milestones include:

Completion of engineering phases.

Procurement and construction phases.

Commissioning and operational handover.

Technological Platform and Innovation

Proprietary Technologies

Técnicas Reunidas has developed proprietary technologies such as:

PHOS4LIFETM: A technology for producing low-carbon hydrogen.

Significant Scientific Methods

The company employs:

Advanced 3D modeling systems for design and construction.

Digital tools for project management and execution.

Proprietary technologies for energy efficiency and decarbonization.

Leadership Team

Key Executives

Juan Lladó Arburúa: Chairman and CEO, leading the company's strategic direction and operations.

José Manuel Lladó Arburúa: Vice Chairman, involved in overseeing major projects and strategic initiatives.

Eduardo San Miguel: CEO, responsible for the company's day-to-day operations and project execution.

Professional Backgrounds

The leadership team comprises professionals with extensive experience in engineering, construction, and energy sectors, contributing to the company's growth and success.

Key Contributions

The leadership has been instrumental in: