Juan Lladó, chairman of Técnicas Reunidas, states that the company has entered a new stage of growth.

• The company has been awarded five new strategic contracts so far this year, totaling 2.1 billion euros.
• Its pipeline of concrete projects already tendered or in the tendering process currently amounts to €50 billion.
• The company has identified and selected new initiatives in projects directly related to the energy transition worth around 3 billion euros, in the field of hydrogen, biofuels, and CO2 sequestration and capture.
• Its ” drag effect” in the country’s business world, through the purchases made to other Spanish companies, amounts to an average of 700 million euros per year.
• Juan Lladó emphasized that Técnicas Reunidas is a center of excellence in technology, engineering and training, a magnet for new graduates of industrial engineering and an important gateway to the labor market, since 72% of the more than 700 graduates who have obtained scholarships from the company in the last five years have ended up joining it.

Juan Lladó, President of Técnicas Reunidas, assured at the company’s General Shareholders’ Meeting, held today by telematic means, that “we are already observing and witnessing a serious market recovery; and, therefore, it is time for our company to strengthen itself and be in the best conditions to take advantage of the new stage of growth that is already here”.

Técnicas Reunidas’ top executive supported this statement with two fundamental factors: In general, the recovery of consumption and, as a consequence, of energy prices that has already begun to be registered in the international markets, with a four-fold increase in the price of Brent since March 2020 and an increase of 300% and 100% in the prices of natural gas demand in Asia and natural gas production in the United States, respectively; and, in particular, with regard to Técnicas Reunidas, in the important awards won by the company in recent months and in the good prospects offered by its pipeline of new projects.

Juan Lladó emphasized that the company has won five strategic awards in recent months, totaling some 2,100 million euros: Sasa in Turkey, Orlen in Poland, Gazpromneft in Russia, Global Industrial Dynamics in the Netherlands and the extension of the Tuban project with Pertamina and Rosneft in Indonesia.

A pipeline of 50 billion euros

In turn, the company’s pipeline of identified and concrete opportunities, i.e. projects already tendered or in the tendering process, currently amounts to 50 billion euros.

Of these, more than 30 billion euros consist of plants for the generation of clean fuels and petrochemical developments; some 18 billion euros in natural gas treatment projects, which is essential as a transition product to achieve the objectives of decarbonization; and the remaining almost 3 billion euros “correspond to projects framed in the pure energy transition: hydrogen, biofuels, CO2 capture…”. Real projects, with a present and a future of which we are already part because we are obtaining important awards in this field”.

An important “drag effect” on the Spanish business fabric

The Chairman of Técnicas Reunidas stressed that an essential factor underpinning the company’s high competitiveness in international markets is the proven capacity and great talent of the “more than 7,500 professionals in the company, undergoing continuous training, who design, manage, purchase and ensure that the construction of our plants is carried out in accordance with our design, our quality and with the highest safety requirements”.

In particular, he emphasized that Técnicas Reunidas is a center of excellence in technology, engineering and training in Spain, from where projects are developed for the world’s leading energy companies, among which those dedicated to decarbonization and energy transition have a growing weight; and it is also an important gateway to the labor market, as 72% of the more than 700 graduates who have obtained scholarships from the company in the last five years have ended up joining it.

Juan Lladó closed his speech by expressly mentioning Técnicas Reunidas’ commitment to the Spanish business fabric, since “if we manage our purchases from here, from Spain, it is logical that we also choose the closest suppliers, those we trust the most; in other words, Spanish suppliers”.

As a result, the company’s “drag effect”, i.e., its purchases from other Spanish companies represent an average of more than 700 million euros a year in exports and supplies.

Técnicas Reunidas

The Spanish company Técnicas Reunidas is one of the most important companies in its sector on an international scale, with a presence in 25 countries and a track record that totals more than 1,000 industrial plants over its 60 years of experience.

Its business 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 technologies, such as green hydrogen, CO2 sequestration and capture, biofuels, waste recovery, etc.

It has more than 7,500 employees, most of whom are highly qualified engineers, and its revenues reached 3.5 billion euros in 2020.