Latest news with #SinopecGuangzhouEngineering
Zawya
5 days ago
- Business
- Zawya
Tecnicas-Sincopec win FEED contract for Yanbu Green Hydrogen Project
Saudi Arabia - Acwa Power, the world's largest private water desalination company and a leader in energy transition and first mover into green hydrogen, has announced that it has signed up a consortium of Spanish engineering firm Tecnicas Reunidas and Chinese group Sinopec Guangzhou Engineering to provide convertible front-end engineering design (FEED) services for its Yanbu Green Hydrogen Project in Saudi Arabia. Under the terms of the agreement, the consortium will provide FEED for a facility with a production capacity of 400,000 tonnes of green hydrogen annually, and its conversion into green ammonia through several ammonia synthesis loops. The contract will span 10 months, after which the joint venture will present an engineering, procurement and construction (EPC) proposal for the execution of this multibillion facility, which shall be ready for commercial operations by 2030. Tecnicas Reunidas has been involved in the project since pre-FEED stages and Sinopec Guangzhou Engineering gives continuity with this award to the MoU signed with Acwa Power in 2024. With commissioning targeted for 2030, the Yanbu Green Hydrogen project will contribute to the decarbonisation of hard-to-abate sectors through its base in Yanbu Industrial City. It aims to utilise 5 GW each of wind and solar power, coupled with a 400 km transmission line and up to 4.4 GW of electrolysers to annually produce 400,000 tonnes of green hydrogen, which will be converted to 2.5 million tonnes of green ammonia to facilitate its export to international markets. Commenting on the award, Acwa Power CEO Marco Arcelli said: "The rapid pace of development on the Yanbu Green Hydrogen Project is a clear demonstration of our commitment to supporting the kingdom's long-term energy security while also taking a leadership role in the global transition to sustainable energy." "By developing and exporting green ammonia, we aim to support international markets in their decarbonisation efforts and pave the way for a cleaner, more sustainable world," he stated. Eduardo San Miguel, CEO at Tecnicas Reunidas, said: "This new contract represents a highly significant milestone for Técnicas Reunidas. It is a strategic international energy project that strengthens the cooperation between Saudi Arabia and Europe, in collaboration with our client Acwa Power." "The project reaffirms our strong commitment to the Saudi market and marks a major step forward in our strategy in energy transition and decarbonisation and it also reinforces our successful partnership with Sinopec," he added. Han Weiguo, President at Sinopec Guangzhou Engineering, said: "This project represents a significant leap forward in the global green energy sector and a pivotal milestone in green energy advancement. It will drive global energy transformation and lead the industry toward a sustainable green future." Sinopec Guangzhou Engineering will collaborate closely with the client Acwa Power and its partner TR to facilitate the implementation of this mega project and make a significant contribution to global green energy development, he added. Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
TECHx
01-08-2025
- Business
- TECHx
ACWA Power Advances Tech in Yanbu Hydrogen Project
Home » Smart Sectors » Energy » ACWA Power Advances Tech in Yanbu Hydrogen Project ACWA Power, the private water desalination company and energy transition, has announced a key development in its green hydrogen ambitions. The company revealed that Spanish engineering firm Técnicas Reunidas and China-based Sinopec Guangzhou Engineering have been awarded a convertible front-end engineering design (FEED) contract for the Yanbu Green Hydrogen Project in Saudi Arabia. According to the announcement, the contract covers a facility designed to produce 400,000 tonnes of green hydrogen annually. This hydrogen will then be converted into green ammonia using multiple synthesis loops. The FEED contract will span 10 months. After this phase, the consortium will present an engineering, procurement, and construction (EPC) proposal. The commercial launch of this multibillion-dollar project is targeted for 2030. Técnicas Reunidas has been engaged with the project since the pre-FEED stages. The award to Sinopec follows a memorandum of understanding signed with ACWA Power in 2024. • The plant will use 5 GW each of wind and solar power• It will include a 400 km transmission line and up to 4.4 GW of electrolysers • Green hydrogen output will be converted into 2.5 million tonnes of green ammonia annually ACWA Power reported that the project aims to support the decarbonisation of hard-to-abate sectors. Located in Yanbu Industrial City, it will supply international markets with green ammonia. Marco Arcelli, CEO of ACWA Power, said the progress on the Yanbu project highlights the company's dedication to the Kingdom's energy security and global sustainability goals. He added that exporting green ammonia will help accelerate decarbonisation efforts worldwide. Eduardo San Miguel, CEO of Técnicas Reunidas, noted that the project strengthens ties between Saudi Arabia and Europe and advances energy transition objectives. He also emphasized the firm's commitment to the Saudi market. Han Weiguo, President of Sinopec Guangzhou Engineering, called the project a milestone in green energy and a major step in global energy transformation. He confirmed the company's commitment to close collaboration with ACWA Power and Técnicas Reunidas. ACWA Power stated that the project will support Saudi Arabia's clean energy goals and contribute to building a sustainable global future.
Zawya
01-08-2025
- Business
- Zawya
ACWA Power Awards Tecnicas reunidas and Sinopec Guangzhou Engineering with FEED Contract for Yanbu Green Hydrogen Project
The Tecnicas Reunidas and Sinopec Guangzhou Engineering joint venture has been awarded a convertible FEED contract for the Yanbu Green Hydrogen Project The facility will produce 2.5 million tonnes of green ammonia annually, equivalent to 400,000 tonnes of green hydrogen Riyadh, Kingdom of Saudi Arabia: ACWA Power, the world's largest private water desalination company, a leader in energy transition and first mover into green hydrogen, today announced that Spanish engineering firm Tecnicas Reunidas and Sinopec Guangzhou Engineering, one of China's leading energy and chemical engineering companies have been awarded a convertible front-end engineering design (FEED) contract for the Yanbu Green Hydrogen Project in Saudi Arabia. Under the terms of the agreement, the consortium will provide FEED for a facility with a production capacity of 400,000 tonnes of green hydrogen annually, and its conversion into green ammonia through several ammonia synthesis loops. The FEED contract will span 10 months, after which the joint venture will present an engineering, procurement and construction (EPC) proposal for the execution of this multibillion facility, which shall be ready for commercial operations by 2030. Tecnicas Reunidas has been involved in the project since pre-FEED stages and Sinopec Guangzhou Engineering gives continuity with this award to the MoU signed with ACWA Power in 2024. With commissioning targeted for 2030, the Yanbu Green Hydrogen project will contribute to the decarbonisation of hard-to-abate sectors through its base in Yanbu Industrial City. It aims to utilise 5 GW each of wind and solar power, coupled with a 400 km transmission line and up to 4.4 GW of electrolysers to annually produce 400,000 tonnes of green hydrogen, which will be converted to 2.5 million tonnes of green ammonia to facilitate its export to international markets. Commenting on the award, Marco Arcelli, Chief Executive Officer at ACWA Power, said: 'The rapid pace of development on the Yanbu Green Hydrogen Project is a clear demonstration of our commitment to supporting the Kingdom's long-term energy security while also taking a leadership role in the global transition to sustainable energy. By developing and exporting green ammonia, we aim to support international markets in their decarbonisation efforts and pave the way for a cleaner, more sustainable world.' Eduardo San Miguel, CEO at Tecnicas Reunidas, said: "This new contract represents a highly significant milestone for Técnicas Reunidas. It is a strategic international energy project that strengthens the cooperation between Saudi Arabia and Europe, in collaboration with our client ACWA Power. The project reaffirms our strong commitment to the Saudi market and marks a major step forward in our strategy in energy transition and decarbonisation and it also reinforces our successful partnership with Sinopec. We are deeply honoured to have been selected by ACWA Power to undertake this landmark project." Han Weiguo, President at Sinopec Guangzhou Engineering, said: 'This project represents a significant leap forward in the global green energy sector and a pivotal milestone in green energy advancement. It will drive global energy transformation and lead the industry toward a sustainable green future. SINOPEC Guangzhou Engineering will collaborate closely with the client ACWA Power and our partner TR to facilitate the implementation of this mega project and make a significant contribution to global green energy development.' The project leverages Saudi Arabia's potential to develop and serve global industrial demand with clean energy solutions. It also underscores ACWA Power's commitment to developing innovative and sustainable energy solutions that contribute to the Kingdom's clean energy objectives and ensure a sustainable future for millions across the globe. About ACWA Power ACWA Power (TADAWUL:2082) is a Saudi-listed company and the world's largest private water desalination company, the first mover into green hydrogen, and a leader in the global energy transition. Registered and established in 2004 in Riyadh, Saudi Arabia, ACWA Power employs over 4,000 people and is currently present in 15 countries in the Middle East, Africa, Central Asia, and Southeast Asia. ACWA Power's portfolio comprises 109 projects in operation, advanced development, or under construction with an investment value of SAR 439 billion (USD 117 billion) and the capacity to generate 94GW of power and manage 9.9 million m3/day of desalinated water. This energy and water are delivered on a bulk basis to address the needs of state utilities and industries on long-term, off-taker contracts under utility services outsourcing and public-private partnership models.
