What Paresa does

Paresa S.p.A. is an Italian multi-discipline EPC contractor specializing in the design, fabrication, construction, repair, and refurbishment of hydrocarbon storage facilities. Founded in 1978 in Cesena (FC) and headquartered at Via Romea 655, the company operates from a main fabrication workshop in Gualdo di Roncofreddo and serves refineries, terminals, fuel depots, LNG infrastructure, and power plants across Europe, the Middle East, North Africa, West Africa, and select South American and Caucasian markets. Its portfolio covers atmospheric and low-pressure tanks, spheres, low-temperature and cryogenic tanks (including LNG full-containment designs), pressure vessels, penstocks, and gasholders, delivered through Engineering, Procurement, Fabrication, Site Construction, and Refurbishment & Repair services, often as turnkey EPC contracts.

The company monetizes primarily through one-time EPC contracts (multi-million-euro multi-year programs) and recurring refurbishment/repair framework agreements with major energy operators, supplemented by shop fabrication supply. It pursues sales through direct enterprise engagement and competitive tenders, supported by an event-led go-to-market at industry exhibitions (STOCEXPO, GASTECH, World LPG Forum, Regional LPG Expos) and memberships such as the World LPG Association. Technical differentiation rests on an in-house MES co-developed with Intesi, 3D Topcon laser-scanning for tank surveys, and a Double-Sided Submerged Arc Welding process for cryogenic Ni9 steel developed with ESAB. A broad certification stack (ISO 9001/3834-2/14001/45001/50001, EN 1090-1, ASME U/U2/R) underwrites eligibility for international pressure-vessel work. In May 2025 a Management Buy-Out by three long-serving executives (Raffaele Cedioli, Enrico Sozzi, and Dante Ravaioli) acquired 100% of share capital from the Palladino family.

Name

Paresa

Legal name

Paresa S.p.A.

Website

https://paresa.it

Company type

Private

Founded year

1978

Operating status

Operating

Headcount range

251–500 employees

Short description

Paresa is an Italian EPC contractor founded in 1978 that designs, fabricates, constructs, and refurbishes hydrocarbon storage tanks and pressure vessels for refineries, LNG terminals, fuel depots, and power plants across Europe, the Middle East, and Africa, operating with approximately 450 employees.

Ownership category

akta.pro rank

Headquarters

HQ city

Cesena

HQ country

Italy

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. EPC Contracts - Turnkey Projects: Full Engineering, Procurement, and Construction contracts for storage facilities. Includes design, fabrication, site construction, and commissioning of storage tanks and related infrastructure. Major revenue driver representing multi-million euro projects.
2. Refurbishment and Repair Services: Maintenance, revamping, and repair services for existing storage tanks and facilities. Framework agreements with major clients like ENI provide recurring service revenue.
3. Supply and Fabrication: Shop fabrication of storage tanks, pressure vessels, and spheres for delivery to client sites. Equipment supply contracts for specific project components.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels8 records

Core offering

Paresa designs, fabricates, constructs, repairs and refurbishes hydrocarbon storage facilities including atmospheric and low pressure tanks, spheres, low temperature and cryogenic LNG tanks, pressure vessels, penstocks and gasholders. It delivers these as turnkey EPC (Engineering, Procurement, Construction) contracts and recurring maintenance/revamping framework agreements for refineries, terminals, depots, LNG facilities and power plants. Services span feasibility studies, detailed engineering, shop fabrication, procurement, on-site erection and commissioning.

Product overview

Paresa is a multi-discipline single-source contractor specializing in the design, fabrication, construction, repair, and refurbishment of hydrocarbon storage facilities. The product portfolio centers on physical storage solutions including Atmospheric & Low Pressure Tanks, Spheres, Low Temperature & Cryogenic Tanks, Pressure Vessels, Penstocks, and Gasholders. These core products are complemented by comprehensive services spanning Engineering, Procurement, Fabrication, Site Construction, Refurbishment & Repair, and Turnkey Project Execution. The company serves key industries including refineries, terminals, depots, and power plants, offering both individual product supply and complete EPC contract solutions.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 400+ completed projects across international markets over 45+ years
• +2 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• IntesicoreTechnology or Integration · 1 January 2024Collaboration to develop MES (Manufacturing Execution Software) - a complete and dynamic software system for monitoring, tracking, recording and controlling the manufacturing process. Collects real-time data on processes, materials, operations, cycle times, schedule compliance, and costs.
• ESABcoreTechnology or Integration · 1 January 2018Collaboration to improve Double-Sided Submerged Arc Welding (DSAW) for cryogenic Ni9 steel tanks used in LNG storage. ESAB provided filler metal expertise combined with process and LNG tank application knowledge. The partnership resulted in improved mechanical properties and reduced hot cracking and moisture absorption concerns.
• Wood PLCcoreImplementation/ SI/ Consulting PartnerWood PLC acted as consultancy services provider through which Paresa was awarded the INEOS Project One contract in Antwerp. Wood PLC is a major consulting and engineering firm in the energy sector.
• World LPG Association (WLPGA)minorOthersParesa became a member of WLPGA - the worldwide industry association representing the LPG industry globally. Association encourages use of LPG to promote a cleaner, healthier and more prosperous world.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Saipem S.p.A. Major Italian-headquartered global EPC contractor for oil & gas, refining, and LNG — delivers tank farm, terminal, and storage scopes as part of large integrated projects, competing with Paresa for both prime and subcontract roles.
• Larsen & Toubro (L&T) Energy Hydrocarbon: Diversified Indian EPC conglomerate with a large hydrocarbon division delivering storage tanks, process modules, and full refinery/petrochemical complexes — overlaps with Paresa on storage tank fabrication as part of a much broader engineering portfolio.
• McDermott International: Global EPC contractor (incorporating legacy CB&I storage tank heritage) executing onshore LNG, refining, and storage infrastructure — competes for large hydrocarbon tank farm work that overlaps with Paresa's core scope at the project scale.

Direct peers

• Matrix Service Company: US-based contractor with dedicated storage tank and terminal solutions division serving oil & gas, refining, and petrochemical clients with new construction and repair services — comparable business model to Paresa's tank EPC and refurbishment scope.
• IHI Corporation: Japanese engineering group with significant storage tank, spherical pressure vessel, and cryogenic LNG tank EPC business for global energy clients — competes with Paresa for large international hydrocarbon storage contracts.
• Rosetti Marino S.p.A. Italian-headquartered EPC contractor serving oil & gas with modular fabrication, onshore/offshore construction, and storage tank capabilities — a home-country peer operating in similar storage and process plant scopes for European and North African clients.
• TGE Gas Engineering GmbH: German-headquartered EPC contractor specializing in cryogenic and LNG storage tanks, gasholders, and LPG terminals — direct overlap with Paresa's low-temperature, cryogenic, and pressure vessel offerings for the same hydrocarbon end markets.
• CIMC Holdings: Chinese global manufacturer of storage tanks, pressure vessels, and process equipment for energy and chemicals — competes with Paresa on shop-fabricated atmospheric and pressure tank supply for downstream and midstream projects.

Regional players

• Hamon Group: Belgium-based EPC contractor specializing in cooling systems, heat exchangers, and process equipment for power, refining, and LNG — comparable cryogenic and process plant capability, primarily serving European clients.

Emerging players

• Wärtsilä Energy Storage: Finnish energy technology company expanding into LNG storage terminals and small-scale LNG infrastructure — adjacent competitor to Paresa in SSLNG and cryogenic storage, with a broader energy storage portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance9 records

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 Paresa