Tecnicas signs an agreement with IGNIS for €5 billion green ammonia projects in Spain

Tecnicas signs an agreement with IGNIS for €5 billion green ammonia projects in Spain

The initiatives of track are receiving a strong boost within the framework of SALTA, Técnicas Reunidas’ new strategic program

  • By ICN Bureau | July 03, 2024

Técnicas Reunidas has signed an agreement with IGNIS P2X to provide engineering services for the design of up to five green ammonia projects in different locations in Spain, with a possible final investment that could exceed €5 billion.

Through the agreement, Técnicas Reunidas will provide engineering services for the design of the projects from the feasibility phase, the detailed design (FEED), including the evaluation and selection of technologies. The agreement also contemplates alternatives for the execution of the projects, whose locations have already been identified.

This agreement is part of IGNIS’ strategy in the field of new energy vectors. IGNIS is a global vertically integrated company, focused in the renewable energy sector and in innovative energy solutions. Since its creation in 2015, IGNIS promotes the development of a portfolio of more than 20 GW of renewable projects in Europe, USA, Latin America and Asia. It currently leads energy management with an operational portfolio of 6.6 GW of generation technologies and offers customized and innovative energy solutions to industry, SMEs and end-consumers.

Recently, IGNIS has announced together with KKR the launch of the IGNIS P2X platform. This platform will mainly develop hydrogen and green ammonia projects for industrial applications in industrial sectors that are difficult to be decarbonized, including green hydrogen, ammonia, e-methanol, e-fuels and SAF production plants, which will provide services for leading companies in their sectors such as refining, steel, chemical and fertilizers, among others.

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