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A joint venture between Técnicas Reunidas, one of the largest Spanish EPC companies, and Sinopec Engineering Group, a Chinese EPC company, has been selected as the EPC (Engineering, Procurement, and Construction) contractor for the USD 3.3 billion Riyas NGL (natural gas liquid) fractionation facility in Saudi Arabia.
The joint venture is 65% owned by Técnicas Reunidas and 35% by Sinopec Engineering Group, which means that the Spanish company will account for more than 2.15 billion USD of the total investment.
Following the recently signed Strategic Alliance between the Spanish company and Sinopec Engineering Group, this is the first project that Saudi Aramco has awarded to the joint venture.
The primary aim of the project is to enable the fractionation of NGLs, thus producing ethane, propane, butane, and pentane. The contracts are divided into two categories: Riyas NGL fractionation trains (Package 1) and Riyas NGL common facilities (Package 2), which include utilities, storage, and export facilities.
The new facilities that Técnicas Reunidas and Sinopec Engineering Group are developing will fractionate 510 thousand barrels per day (MBD) of NGLs. The two trains of Package 1 will process 255 MBD each and will include fractionation, treatment, dehydration, and refrigeration units.
The common facilities of Package 2 will provide feed and product surge storage, chemical storage, and utilities, including, although not limited to, steam and condensate recovery systems, utility water, plant, instrument air, and nitrogen systems, machinery cooling water, drainage, and flare systems.
The expected duration of the project is about 46 months for Package 1 and about 41 months for Package 2.
Técnicas Reunidas is a leading Spanish global engineering firm with over 60 years of experience executing over 1,000 industrial plants around the world and presence in 25 countries The company specializes in the design and construction of industrial plants dedicated to the production of clean fuels, natural gas and petrochemicals. The company is also at the cutting edge of technology solutions related to energy transition, circular economics and the decarbonization of industrial plants. In 2022, Técnicas Reunidas was awarded a number of major projects, including:
Sinopec Engineering Group (SEG) is a major Chinese engineering and construction company, specializing in the refinery and chemical engineering markets. It is a subsidiary of the China Petrochemical Corporation (Sinopec), one of the largest integrated energy companies in the world. Operates in both domestic and international markets, with a strong presence in the Middle East, Central Asia, Asia-Pacific, Africa, and South America.
Some of the projects executed by Sinopec include:
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