The Diplomat
A consortium led by Técnicas Reunidas and made up of FCC and Entrade GmbH, a subsidiary of the Turkish company ENKA, has been awarded the design and development of an emission-free regasification terminal in Hamburg (Germany) for 1 billion euros, according to a notification by Técnicas Reunidas to the Spanish National Securities Market Commission (CNMV) on Tuesday.
Of the total investment of close to 1,000 million euros that the new terminal will represent, some 500 million euros will correspond to Técnicas Reunidas and the remaining 500 million euros to FCC and Entrade GmbH.
This is an Engineering, Construction and Procurement (EPC) contract for the execution of this new terminal, which will have a capacity of 13.3 billion cubic metres (Bm3) of nominal gas per year.
Specifically, it will be an import terminal, located in the river port of Stade, which is part of the metropolitan region of Hamburg (Germany) and will contribute to securing Germany’s supply of liquefied natural gas (LNG) and green gases, while preparing for the take-off of hydrogen in the market.
The land on which the facility will be built belongs to the chemical company Dow Chemicals, which is participating in the project as one of the development partners.
The terminal will use Dow’s industrial waste heat, so it will be able to regasify the gases without additional carbon dioxide emissions, the company explained.
Técnicas Reunidas will design the regasification terminal and the two storage tanks, each with a capacity of 240,000 cubic metres, and will carry out all the work involved in supplying equipment and materials for the project.
FCC, for its part, will build the tanks and carry out all the site preparation and civil works activities for the plant, while Entrade GmbH will be in charge of the electromechanical assembly activities.
The project has been divided into two phases. The first phase includes preliminary works and engineering, with a duration of five months, and the second phase constitutes the main contract and is subject to the final investment decision of the company that has awarded the project, the German company Hanseatic Energy Hub, which is expected to be taken next summer.
According to Técnicas Reunidas, the full execution of the plant is expected to last until 2027.
