In Spain, Técnicas Reunidas, a global engineering company, has signed a Memorandum of Understanding (MoU) with IFC, the private sector arm of the World Bank, to help accelerate the decarbonization of Eastern European economies. The collaboration seeks to facilitate the transition to low-carbon technologies and promote the decarbonization of carbon intensive industries.
Under the MoU, IFC and Técnicas Reunidas will work together to identify and develop viable projects and partners that will contribute to accelerating the energy transition from fossil fuels to low carbon and clean fuels in specific countries. The focus industries include steel, cement, aluminum, chemicals, glass, and transportation.
The solutions to be explored will encompass various low carbon technologies along the hydrogen value chain, including green ammonia and e-methanol, as well as biofuels, bio chemicals and biomethane and carbon capture for large carbon emitters.
The countries included under the MoU are Albania, Armenia, Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, Georgia, Kosovo, Moldova, Montenegro, North Macedonia, Poland, Romania, Serbia, and Ukraine.
