The plant is built around EQTEC’s propriety and patented Advanced Gasification Technology
EQTEC (AIM:EQT), the gasification technology company, confirmed on Monday that it is planning to recommission its waste-to-energy plant in Italy.
First commissioned in 2015, the plant is built around EQTEC’s propriety and patented Advanced Gasification Technology.
The AIM-listed company has purchased, and will head up a consortium to own and operate the biomass-to-energy plant in Castiglione d’Orcia, Tuscany, Italy.
Once operational, “the plant will transform straw and forestry wood waste from local farms and forests into green electricity and heat for use in the local community”, read a statement by the company.
EQTEC said its intention is for the plant to become the first of its ‘Market Development Centres
(“MDCs”), showcasing its technology in an operational and commercial setting.
David Palumbo, CEO of EQTEC, commented on the announcement:
“I am very pleased that EQTEC will lead the effort with our partners to re-commission and revive this
biomass-to-energy plant in Italy, providing power and heat to the area and demonstrating sustainable, commercial success with EQTEC advanced gasification. Additionally, I am delighted to see us secure this with a well-balanced consortium of experienced partners and this is an approach we hope can be
achieved for other projects in our pipeline,” said Palumbo.
“Finally, I am pleased about the local nature of this plant and our future role there as co-owner/operators. EQTEC is committed to ensuring our projects have a positive local impact, from sourcing, treating and converting local waste through to the generation of clean energy in the local area, all powered by EQTEC technology. We will continue to support local businesses, employing local people and sustainably delivering value for local communities in all the markets we operate.”
