The Diplomat
Técnicas Reunidas has signed a 264 million dollar (233 million euro) contract with YPF to optimise its Luján de Cuyo (Mendoza, Argentina) plant, the company informed the Comisión Nacional del Mercado de Valores (CNMV).
Specifically, the project will enable the facility to meet new fuel specifications and achieve significant environmental improvements.
YPF awarded Técnicas Reunidas in 2019 a contract for the cost estimation of the plant upgrade project under an ‘open book’ scheme (FEED-OBE).
The Spanish company will now continue with a new contract for the procurement and construction management of the new hydrotreating and hydrogen production units, as well as various auxiliary systems.
Técnicas Reunidas will supervise the construction of modules and the electromechanical assembly of the new units, which will be carried out by AESA (a construction company belonging to the YPF group). The estimated project execution period is 40 months.
