tiprankstipranks
Sinopec and Técnicas Reunidas Land Major Kazakhstan Project
Company Announcements

Sinopec and Técnicas Reunidas Land Major Kazakhstan Project

Tecnicas Reunidas (ES:TRE) has released an update.

Don't Miss Our Christmas Offers:

Sinopec and Técnicas Reunidas, through a joint venture, have secured a contract to develop a €2.3 billion cracking unit in Kazakhstan’s Atyrau province, with both companies investing equally. This project, underpinned by a strategic agreement and technological support from Lummus Technologies, will enhance Kazakhstan’s petrochemical production by generating products from domestic gas fields. The unit is part of a petrochemical complex led by the state-owned KazMunayGas, aiming to produce approximately 1,300 kilotonnes of ethylene.

For further insights into ES:TRE stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Spain Auto-Generated NewsdeskTécnicas Reunidas Confirms Project Continuation and Relaunch
TipRanks Spain Auto-Generated NewsdeskTécnicas Reunidas Projects Continue Amid Changes
TipRanks Spain Auto-Generated NewsdeskTécnicas Reunidas Achieves Record Portfolio and Profit Growth
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App