Intecsa Industrial

What Intecsa Industrial does

Intecsa Industrial (legal name: INTECSA INGENIERIA INDUSTRIAL, S.A.) is a Spanish-headquartered international EPC contractor founded in 1965 in Madrid, providing turnkey engineering, procurement and construction services for industrial plants in the hydrocarbons production and processing value chain. The company executes complex, capital-intensive projects for oil majors, national oil companies and petrochemical producers, with disclosed reference contracts including a €387M SABIC polyoxymethylene (POM) plant in Jubail, Saudi Arabia, a €200M SABIC ethylene oxide reactor replacement, and a €30M Saudi Aramco loading rack upgrade at Ras Tanura. Customers span REPSOL, SABIC, Saudi Aramco, BASF / Shell-Basell, DuPont, CEPSA, MA'ADEN, OCP Group, PEMEX, ADNOC/TAKREER, and ENAGAS across oil refining, petrochemicals, fertilizers, upstream oil & gas, cogeneration, mining and recycling end markets.

The company's technology stack centers on in-house multidisciplinary engineering — spanning basic and detailed engineering, process technology packaging, procurement, construction, commissioning and start-up — supported by state-of-the-art IT systems dedicated to project integration management (HSE, document control, procurement, planning). Operational capacity is anchored at ~1,000,000 technical man-hours per year with a workforce of 1,001–5,000 across offices in Madrid, Al Khobar (Saudi Arabia) and Abu Dhabi (UAE), and a wholly owned Gulf subsidiary, Dragados Gulf Construction Co. Ltd. The product portfolio is organized by sector (New Energies / Green Hydrogen, Fertilizers, Petrochemicals & Fine Chemicals, Petroleum Refining, Upstream Oil & Gas, Energy, Co-Generation, Recycling & Mining) with explicit innovation lines in Sustainable Aviation Fuel (SAF) and the MODUS microwave-assisted PET recycling project (40,000 tpy) developed with GR3N.

The business model is project-based: revenue is generated from lump-sum, multi-year turnkey EPC contracts awarded through competitive tendering to large enterprise clients (oil majors, state-owned enterprises, petrochemical majors). Pricing is custom per project scope (engineering, procurement, construction, commissioning), with no public price list. Intecsa Industrial is privately held and fully integrated within Cobra IS, which is wholly owned by the Vinci Group — a relationship that provides balance-sheet capacity, group-level risk sharing, and pipeline access, while subordinating the company to parent-group capital allocation. Geographic reach spans ~35 countries across Europe, the Middle East, North Africa, Sub-Saharan Africa, Latin America and North America; a notable strategic emphasis is visible on energy-transition and circular-economy verticals, signaled by recent product-line launches in green hydrogen, SAF, and the MODUS PET recycling partnership.

Name

Intecsa Industrial

Legal name

INTECSA INGENIERIA INDUSTRIAL, S.A.

Website

https://intecsaindustrial.com

Company type

Private

Founded year

1965

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Intecsa Industrial is a Madrid-based, Vinci Group–owned EPC contractor founded in 1965, executing turnkey engineering, procurement and construction projects for oil majors, national oil companies and petrochemical producers across ~35 countries, with a growing push into green hydrogen, SAF and circular-economy verticals.

Ownership category

akta.pro rank

Product category

Industrial EPC Services (Engineering, Procurement, and Construction)

NAICS

Agriculture, Construction, and Mining Machinery Manufacturing (3331)

SIC

Electrical Industrial Apparatus (3620), General Industrial Machinery & Equipment, Nec (3569)

akta.pro primary industry

Process Plant & Materials Handling EPC (Crushing, Conveying, Stockpiles, Loadout) (IMAKAOAE)

akta.pro secondary industries

Power Plant Electrical Systems EPC (Switchyard, Transformers, Protection & Controls) (EUAEAAAM), Substation & Interconnection EPC (Collector/POI Substations, Switchyards) (EUAEADAC), Aluminum Project Development, Engineering & EPC (Smelters/Refineries) (IMAKACAO), Transmission Interconnection & Line Works (Gen-Tie Lines, Overhead/Underground Lines) (EUAMAFAF)

Keywords

• EPC engineering services
• Industrial turnkey projects
• Petrochemical plant construction
• Oil refinery construction
• Hydrocarbons processing engineering

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. EPC Turnkey Contracts: One-time project-based fees from full turnkey EPC (Engineering, Procurement, Construction) contracts for industrial plant design and construction. Revenue is lumpy and project-dependent, tied to large capital expenditure programs of industrial clients.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Intecsa Industrial delivers turnkey Engineering, Procurement, and Construction (EPC) services for industrial plants serving the hydrocarbons production and processing industry. The scope spans basic and detailed engineering, supply of equipment and materials, construction, assembly, commissioning, and start-up across multiple sectors including refining, petrochemicals and fine chemicals, fertilizers, upstream oil and gas, energy, co-generation, recycling and mining, and new energies such as green hydrogen, Sustainable Aviation Fuel (SAF), and the MODUS PET recycling project.

Product overview

Intecsa Industrial is a Spanish engineering company providing EPC (Engineering, Procurement, and Construction) services for turn-key industrial plant execution. The company operates across multiple sectors including New Energies (Green Hydrogen, SAF), Fertilizers, Petrochemicals & Fine Chemicals, Petroleum Refining, Upstream Oil & Gas, Energy, and Recycling & Mining. The portfolio includes specialized offerings like MODUS (microwave-assisted PET recycling technology developed in partnership with GR3N) and SAF (Sustainable Aviation Fuel) projects. As an integrated engineering contractor, Intecsa offers complete services from basic and detailed engineering through construction, commissioning, and start-up for industrial facilities worldwide.

Differentiator

Problem solved

Functional benefit

Products and services

• EPC Services (Engineering, Procurement and Construction) Complete turn-key execution of industrial plants including basic and detailed engineering, supply of equipment and materials, construction, assembly, commissioning and start-up for industrial operators in the hydrocarbons and adjacent sectors.
• Green Hydrogen Plants Engineering services for hydrogen production facilities as part of energy transition and sustainable solutions.
• Fertilizers Engineering & Construction Engineering and construction of fertilizer production plants including sulphuric acid, DAP (Diammonium Phosphate), TSP (Triple Superphosphate), and NPK facilities for fertilizer producers and mining companies.
• Petrochemicals & Fine Chemicals Engineering Engineering services for petrochemical plants including NOMEX, polypropylene, phenol, styrene monomer, propylene oxide, PTA/TA, and olefins facilities for global petrochemical and fine chemicals operators.
• Petroleum Refining Engineering Engineering for oil refining operations including delayed cokers, vacuum distillation, visbreaking, Merox units, and ultra-low sulfur distillation units for refining operators.
• Upstream Oil & Gas Engineering Engineering services for upstream oil and gas operations including gas compression stations, underground gas storage, and LNG / NGL export facilities for upstream operators.
• Energy Sector Engineering Engineering services for power generation and broader energy sector projects for utilities and industrial power operators.
• Co-Generation & Bio-Energy Engineering Engineering for cogeneration plants and bio-energy facilities producing steam and electricity from various fuel sources for industrial and energy operators.
• Recycling & Mining Engineering Engineering services for recycling and mining operations including waste water treatment, NORM handling, and bauxite mine infrastructure for mining and recycling operators.
• SAF (Sustainable Aviation Fuel) Development Projects Innovation and development projects for Sustainable Aviation Fuel (SAF) production technology as part of energy-transition offerings.
• MODUS (Microwave-Assisted Depolymerisation for PET Recycling) Industrial-scale plant project using microwave-assisted depolymerisation (MADE) technology for chemical PET recycling (40,000 tonnes per year capacity), developed in partnership with GR3N in Spain.

Quantifiable outcome

• 400 Engineering & Construction Projects completed for major industrial corporations across 35 countries
• +1 more outcomes

Named customers24 records

Segments5 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• GR3NcoreStrategic or Co-development Partner · 5 June 2026Intecsa Industrial is the EPC partner for GR3N's MODUS project — the world's first industrial plant using microwave-assisted depolymerisation (MADE) technology for chemical PET recycling. The plant will have 40,000 tonnes per year capacity, developed in Spain. Financial closure is expected Q4 2027 and commercial operations targeted Q2 2030. The project has secured a €35 million EU Innovation Fund grant alongside GR3N's €15.5M Series B round.
• Dragados Industrial (Cobra IS / Vinci Group)coreOthersDragados Industrial is the main shareholder of Intecsa Industrial, and Intecsa is integrated within Cobra IS, which is fully owned by Vinci Group. This corporate parent structure provides Intecsa Industrial with the backing of one of the world's largest construction and concessions groups.
• Dragados Gulf Construction Co. Ltd.minorOthersDragados Gulf is a subsidiary of Intecsa Industrial operating in Saudi Arabia. It handles projects in the Gulf region, including the POM project in Jubail, Saudi Arabia.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Fluor Corporation: US-headquartered global EPC firm serving refining, petrochemicals, and energy clients with comparable project types (process plants, gas processing, energy transition) to Intecsa.
• Saipem: Milan-headquartered global EPC major with extensive hydrocarbons, refining, and petrochemical turnkey projects; competes with Intecsa on large-scale Middle East and North African tenders but operates at significantly larger scale.
• Maire Tecnimont: Italian EPC group (including Tecnimont and NextChem) executing large petrochemical, fertilizer, and energy transition projects; competes head-to-head with Intecsa on petrochemical and green hydrogen tenders globally.
• Worley Limited: Australia-headquartered global energy, chemicals, and resources EPCM provider with comparable refining, petrochemical, and energy transition project delivery to Intecsa but at much larger scale and global footprint.
• Petrofac Limited: UK-listed EPC and operations services provider focused on upstream, midstream, and refining projects in the Middle East and North Africa, with comparable client roster (Saudi Aramco, ADNOC) and project scale to Intecsa.
• Bechtel Corporation: US-based global EPC major executing mega-scale petrochemical, LNG, and refining projects; overlaps with Intecsa on large hydrocarbons tenders but typically in a different scale tier.

Others

• Repsol Engineering: Repsol's downstream engineering arm and a major client of Intecsa (SMPO plant, Cartagena cogeneration); a useful reference for understanding Intecsa's core petrochemical/refining customer base rather than a direct competitor.

Direct peers

• Técnicas Reunidas: Spanish-headquartered EPC contractor serving oil & gas, refining, petrochemicals, and fertilizers with turnkey projects globally, headquartered in Madrid and the most direct Spanish EPC competitor to Intecsa.
• SENER Ingeniería y Sistemas: Spanish engineering group delivering turnkey EPC for energy, oil & gas, petrochemical, and process plant projects across multiple geographies, comparable in scale and customer base to Intecsa.
• IDOM: Spanish-based international engineering and EPC firm with significant activity in petrochemicals, refining, and energy transition projects, directly competing with Intecsa in similar tender processes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/intecsaind

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Intecsa Industrial