What Sacyr Proyecta S.A. does

Sacyr Proyecta S.A. is a Madrid-based industrial engineering subsidiary of Sacyr S.A. (Ibex 35-listed parent) that delivers EPCm (Engineering, Procurement, Construction management) and PMC (Project Management Consultancy) services for complex industrial plant projects worldwide. Originally established in 2015 as SacyrFluor, a joint venture with Fluor Corporation, the entity was fully acquired by Sacyr in 2020 and rebranded as Sacyr Proyecta, absorbing Fluor's technical engineering methodology and Sacyr's construction execution capability. The company serves oil & gas, energy, chemical, petrochemical, LNG, aluminum, hydrogen, and industrial infrastructure clients across roughly 20 countries with own offices and prior project delivery in approximately 30 countries.

The core service portfolio spans the full project lifecycle: due diligence, conceptual and basic engineering, FEED, detailed engineering, procurement oversight, construction management, commissioning, and start-up. Sacyr Proyecta also bundles energy management capabilities through its wholly-owned subsidiary GEM (Gestión Energética y Mercados), which provides electricity market representation, measurement management, energy efficiency, and regulatory support for industrial clients. Business lines are organized into Oil & Gas, LNG, Chemical and Petrochemical, Industrial Plants, Energy, and Hydrogen and Derivatives, with the latter representing a deliberate expansion into low-carbon energy engineering.

Revenue is generated primarily through fee-based EPCm and PMC contracts acquired via competitive tenders and direct negotiations with large enterprise and government clients. The business operates within Sacyr Ingeniería e Infraestructuras, whose 2024 construction backlog reached a record €10,606 million (up 41% year-on-year) and 2024 revenue totaled €2,741 million at a 4.8% EBITDA margin. Sacyr Proyecta captures the majority of its workload through Sacyr Group's own concession and construction pipeline, with the remaining portion sourced from third-party industrial clients across Europe, the Americas, Middle East, and Asia-Pacific.

Name

Sacyr Proyecta S.A.

Legal name

Sacyr S.A.

Website

https://sacyrinfraestructuras.com

Company type

Public

Founded year

1986

Operating status

Operating

Headcount range

251–500 employees

Short description

Sacyr Proyecta is a Madrid-based industrial engineering subsidiary of Sacyr S.A. providing EPCm and PMC services for oil & gas, LNG, chemical, petrochemical, aluminum, hydrogen, and energy projects across roughly 20 countries worldwide.

Ownership category

akta.pro rank

Product category

Industrial Engineering Services

NAICS

Industrial Machinery Manufacturing (33324)

SIC

Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Construction Management & Delivery (EPCM/CMAR/Design-Build Oversight) (EUANALAE)

akta.pro secondary industries

Aluminum Project Development, Engineering & EPC (Smelters/Refineries) (IMAKACAO), Project & Program Management (PMO), Controls & Reporting (EUAKAAAC)

Keywords

• Industrial engineering services
• EPCm project delivery
• Project management consultancy
• Oil and gas engineering
• LNG infrastructure engineering

Headquarters

HQ city

Madrid, Community of Madrid

HQ country

Spain

HQ region

Europe

Offices22 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. EPCm Engineering and Construction Management: Sacyr Proyecta generates revenue through fee-based EPCm (Engineering, Procurement, Construction management) contracts for industrial plant projects, covering the full lifecycle from conceptualization through commissioning and start-up. Revenue is project-based and recurring through ongoing contract awards in key markets.
2. PMC (Project Management Consultancy): PMC services provided as an extension of the client's team, managing project strategy, organization, and risk. Revenue generated through consultancy fees tied to project scope and duration.
3. Integrated Engineering Services: Full-spectrum engineering services including Due Diligence, FEED, and detailed engineering. Revenue derived from engineering service fees on major industrial projects.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Sacyr Proyecta is an industrial engineering firm providing EPCm (Engineering, Procurement, Construction management) and PMC (Project Management Consultancy) services for complex industrial plant projects. The company delivers the full project lifecycle from conceptual design, due diligence, FEED, and detailed engineering through procurement oversight, construction management, commissioning, and start-up. It serves oil & gas, energy, chemical, petrochemical, LNG, and aluminum clients globally, and includes its wholly-owned subsidiary GEM for energy management and electricity market representation.

Product overview

Sacyr Proyecta is an engineering company that operates as a subsidiary of the Sacyr group, offering comprehensive project development services from conceptualization through commissioning and operation across multiple sectors including oil & gas, energy, chemicals, petrochemicals, LNG, aluminum, and industrial infrastructure. Originally founded as SacyrFluor in 2015 through a partnership between Sacyr and Fluor Corporation, it became wholly owned by Sacyr in 2020. The company provides EPCm (Engineering, Procurement, Construction Management) and PMC (Project Management Consultancy) services, complemented by its subsidiary GEM for energy management. Its business lines span hydrogen and derivatives, oil and gas, LNG, chemical and petrochemical, industrial plants, and energy sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• EPCm Services (Engineering, Procurement, Construction management) Engineering, Procurement, Construction and management services combining the client's strategic control with Sacyr Proyecta's multidisciplinary expertise in engineering, procurement oversight, and construction direction for industrial plant projects.
• PMC (Project Management Consultancy) Consultancy services delivered as an extension of the client's team, aligned with client objectives across each project phase including strategy definition, organization, risk analysis, and management.
• Engineering Services (Due Diligence, FEED, Detailed Engineering) Multidisciplinary engineering services covering the entire project cycle, including due diligence, conceptual engineering, basic engineering, FEED (Front-End Engineering Design), and detailed engineering for industrial projects.
• GEM (Gestión Energética y Mercados) - Energy Management and Markets Wholly-owned subsidiary of Sacyr Proyecta providing capabilities in electricity market representation, integral measurement management, energy efficiency, and technical-regulatory support for industrial installations.
• Hydrogen and Derivatives Engineering Engineering solutions for hydrogen production and derivative products, oriented toward more sustainable, efficient, and resilient energy systems.
• Oil and Gas Engineering Engineering services for low-carbon-footprint fuel production in the oil and gas sector, contributing to responsible resource development.
• LNG (Liquefied Natural Gas) Engineering Efficient regasification technologies and engineering for LNG terminals and natural gas infrastructure, replacing higher-carbon-footprint processes.
• Chemical and Petrochemical Engineering Engineering solutions for the petrochemical industry producing advanced products, supporting sustainable plant design and modernization.
• Industrial Plants Engineering Custom engineering solutions for industrial plants across aluminum, pharmaceutical, phytosanitary, food, chemical, and paper industry sectors.
• Energy Engineering Engineering solutions for the future of energy, focused on innovative and sustainable approaches centered on renewable energies.

Quantifiable outcome

• Sacyr Group: 10,606 million euros construction backlog at end of 2024, record high, up 41% vs 2023
• +2 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered core.

• Sacyr GroupcoreStrategic or Co-development Partner · 1 January 2020In 2020, Sacyr Group acquired 100% of SacyrFluor (previously jointly owned with Fluor Corporation), consolidating its industrial engineering capability under full Sacyr ownership and rebranding the entity as Sacyr Proyecta. Sacyr Proyecta operates as an integral subsidiary within the Sacyr Group, providing engineering services primarily to Sacyr's own concession and construction projects, as well as to external clients.
• Fluor CorporationcoreStrategic or Co-development Partner · 1 January 2015In 2015, Sacyr and Fluor Corporation formed SacyrFluor to combine Sacyr's construction and project management capabilities with Fluor's deep technical expertise and global engineering track record. SacyrFluor operated in Spain providing industrial engineering services under the EPCm model, leveraging Fluor's global technical standards and Sacyr's local construction execution. This partnership established Sacyr Proyecta's foundational EPCm methodology and technical knowledge base.
• GEM (Gestión Energética y Mercados)coreStrategic or Co-development PartnerGEM is Sacyr Proyecta's wholly-owned subsidiary specializing in energy management and market representation. GEM provides technical capabilities in electricity market representation, integral measurement management, energy efficiency, and technical-regulatory support for industrial installations. It is integrated into Sacyr Proyecta's service offering to provide clients with comprehensive energy market expertise alongside engineering services.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Regional players

• IDOM: Spanish engineering consultancy with international EPCm capabilities in energy, oil & gas, and industrial infrastructure. Closest Iberian-headquartered functional peer to Sacyr Proyecta.

Direct peers

• Technip Energies: Pure-play engineering and EPCm firm specializing in LNG, petrochemicals, refining, and emerging hydrogen/CO2 projects. Overlaps heavily with Sacyr Proyecta's LNG, oil & gas, and chemicals business lines.
• Worley Limited: Australian-headquartered global EPCm and PMC provider for energy, chemicals, and resources projects. Directly competes with Sacyr Proyecta in LNG, refining, and mining sector mandates.
• Fluor Corporation: Fluor was the original 50/50 JV partner in SacyrFluor (2015-2020) and is a global EPCm leader for oil & gas, LNG, chemicals, mining, and energy-transition projects. Directly comparable technical capability and delivery model.
• KBR, Inc. US-based engineering, EPCm and PMC services provider for refining, petrochemicals, LNG, and government services. Competes for similar owner-engineering mandates in Europe, Middle East, and the Americas.
• Wood Group (John Wood Group): UK-based engineering and consulting firm providing EPCm services across oil & gas, chemicals, energy transition, and mining. Direct overlap on industrial-plant front-end engineering and project management consultancy.

Broad incumbents

• Saipem: Italian oil & gas EPC and drilling contractor with growing renewables engineering capabilities. Competes with Sacyr Proyecta for LNG, refining, and energy infrastructure projects.
• Bechtel Corporation: Privately held US engineering, procurement, and construction major with substantial LNG, refining, and mining exposure. Competes with Sacyr Proyecta for the largest industrial mega-project EPCm mandates.
• Jacobs Solutions Inc. Global professional services firm with a Critical Mission Solutions & Advanced Facilities portfolio spanning energy, chemicals, and infrastructure engineering. Overlaps on PMC and owner-engineering mandates.
• WSP Global Inc. Canadian-headquartered engineering professional services firm with strong European and Latin American presence post-Wood E&I acquisition. Competes for industrial plant and infrastructure engineering mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/sacyr
• LinkedInlinkedin.com/company/sacyr-proyecta

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries7 records

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 Sacyr Proyecta S.A.