Eqtec plc (LON:EQT), the waste-to-energy and gasification technology company, has announced a collaboration framework agreement with ewerGy, a German EPC company.
The agreement will focus on the development of a portfolio of projects in Greece and the Balkans and utilise Eqtec’s advanced gasification technology.
The partnership will harness Eqtec’s waste-to-energy model to produce electricity and syngas for chemicals. The initial two projects will process feedstock sourced from local farmers including straw, corn and cotton stalks.
Under the arrangement, ewerGy will act as the EPC and O&M partner in Greece whilst engaging in business development across the portfolio. Consistent with prior Eqtec deals, Eqtec will provide the technology, equipment and engineering support.
The partnership has identified 11 potential projects of which two are currently under development. The first two in development are of 0.5MWe and 1MWe.
David Palumbo, CEO fo Eqtec PLC, commented:
“Since January, we have been working with ewerGy and its local partner, ECO Hellas, on the development of the first advanced gasification plant in Greece, for which we recently announced an MOU. This collaboration has already been very productive, and the expertise, professionalism and local know-how of ewerGy and ECO Hellas have made clear to us the value of a wider collaboration with them. We are looking forward to opening up Greece and neighbouring countries for advanced gasification plants, and we are convinced ewerGy and ECO Hellas are the right partners to do so and have, already inside their network, access to an interesting prospective pipeline of projects.”
Today’s announcement further cements Eqtec’s progress in establishing strategic partnerships. Earlier in the year Eqtec completed a deal with Californian Pheonix Energy which saw Eqtec receive a 20% stake in the operation in return for supply of equipment and engineering services.
As well as operations in Europe and US, Eqtec operates UK RDF, anaerobic digestion and waste gasification projects.