Técnicas Reunidas S.A. (TR; Madrid, Spain) and SASA Polyester have entered into a contract for the execution of a new petrochemical project for the production of PTA (Purified Terephtalic Acid) in Adana, Turkey. The new plant will have a capacity to produce 1.5 million metric tons per year (m.t./yr). The project was announced at the end of 2020.
Total project investment was estimated by the client at $935 million. This amount includes the value of the contract of Técnicas Reunidas. The scope of the contract includes engineering, procurement and construction supervision and management (EPCM). The contract has already been launched and will be executed under a fast track scheme.
The project has a high compromise regarding environmental and social compliance, compiled in the ESIA Report (Environmental and Social Impact Assessment) approved in November 2020, that Técnicas Reunidas will observe during the project development. Juan Lladó, Chairman of Técnicas Reunidas commented: “Técnicas Reunidas is uniquely placed to leverage on its engineering and technical expertise and its solid petrochemical track record to play a significant role in the growth of this industry in Turkey. We look forward to delivering this project safely and sustainably and we are extremely honored to participate in this significant development for Turkey, a country where our company is fully committed. We also look forward to participating in the economic development of the Adana province, boosting the local supply chain, optimizing distribution and therefore achieving a significant reduction in the carbon footprint.”