Técnicas Reunidas and Exolum sign an agreement to facilitate the decarbonisation of the carbon-intensive industry

• Both companies will offer comprehensive carbon capture, transport and storage services to large industrial customers.
• The agreement will provide a complete technical, operational and commercial solution for carbon management from capture to final storage.
• One of the main objectives is to develop transport and carbon storage hubs around port areas.
• Técnicas Reunidas has participated in the design of carbon capture plants totalling 18 million tonnes.

Exolum and Técnicas Reunidas have signed a collaboration agreement to offer carbon capture, transport and storage services to large industrial clients. This alliance is part of the strategy of both companies to promote decarbonisation.

The agreement will allow Exolum and Técnicas Reunidas to provide a comprehensive solution to industrial emitters, ranging from carbon capture to final storage.

In a first phase, the collaboration will focus on Spain, with special attention to the port areas where Exolum has industrial assets. The objective is to develop logistics hubs for transport and carbon storage based on these industrial sites.

Exolum, a leader in liquid storage and transport infrastructure management, will contribute its experience in logistics and operation of these assets. For its part, Técnicas Reunidas will contribute its engineering capabilities and its new services aimed at decarbonising industrial assets.

Ignacio Casajús, Global Strategy & Growth Lead, said: “At Exolum, we see this collaboration with Técnicas Reunidas as an excellent opportunity to develop technologies that drive the decarbonisation of our economy. We build on our solid experience in logistics and storage, and on our strong commitment to innovation, circularity and new energy vectors, aligned with the needs of the energy transition”.

Miguel Ángel Hernando, Director of Carbon Management at Técnicas Reunidas, said: “We are very pleased to collaborate with Exolum on this innovative service. The development of carbon capture and storage assets and operations is crucial for industrial activity in any country. Therefore, carbon management is a key part of our decarbonisation strategy”.

Carbon sequestration

Carbon capture, together with its subsequent storage or use, is a fundamental tool in the fight against climate change. The European Union estimates that, to meet decarbonisation targets, 50 million tonnes will need to be captured in 2030, 280 million tonnes in 2040 and 450 million tonnes in 2050.

This technology is crucial to decarbonise any economy, as in some industrial activities there are no other decarbonisation alternatives. For example, in cement production, up to 60% of emissions have no other technological options.

According to the National Inventory of Emissions to the Atmosphere, gross greenhouse gas emissions in Spain in 2022 amounted to 247 million tonnes, of which more than 18% came from the industrial sector, equivalent to approximately 45 million tonnes.

track, Técnicas Reunidas proposal for decarbonisation

Técnicas Reunidas’ decarbonisation strategy is called track.

In 2023 and the first months of 2024, Técnicas Reunidas won contracts for more than 300 million euros in projects related to low-emission technologies. These contracts include engineering services for projects in the hydrogen, biofuels and carbon capture value chain, with more than 1.8 million engineering hours dedicated to their execution.

In carbon capture projects, Técnicas Reunidas has participated in the design of plants totalling 18 million tonnes, more than twice the emissions of the entire cement industry in Spain.

Técnicas Reunidas is a global engineering company, with a presence in 25 countries and a track record that totals more than 1,000 industrial plants throughout its more than 60 years of experience. With a workforce of more than 10,000 employees, most of whom are highly qualified engineers, Técnicas Reunidas’ headquarters in Spain is an important centre of engineering excellence. About Exolum Exolum is Europe’s leading liquid bulk logistics company and one of the world’s leading companies. Its core business is the sustainable and efficient transport and storage of a wide range of bulk liquids. It also operates in new sectors, such as eco-fuels, the circular economy and the development of new energy carriers.

Exolum employs more than 2,200 professionals and operates in eleven countries (Spain, UK, Ireland, Germany, Germany, Netherlands, Portugal, France, Panama, Ecuador, Peru and USA).

Exolum’s strategy is focused on continuing to develop and operate the infrastructures necessary for the mobility and sustainable industry of the future. To this end, it has its Clean Energies division, which is dedicated to creating new business opportunities committed to the decarbonisation of the economy. This division promotes new energy vectors and circular economy projects, as well as offering services that contribute to the energy transition and the fight against climate change.