LONDON, UK: EQTEC plc (EQT), a global technology innovator in waste-to-value solutions for hydrogen, biofuels, and energy generation, has signed a Collaboration Framework Agreement with Tresca Energía S.A. (Tresca), a Spain-based engineering group and project developer.
The agreement aims to develop pipeline opportunities for renewable natural gas (RNG) or methanol production from biomass using EQTEC’s patented and proprietary technology.
The first project under the Agreement is a facility in Castilla y León, Spain, that would convert 50,000 tonnes of biomass per year into RNG.
The project has secured interest from a bank and a gas grid operator and is currently in its feasibility phase. Tresca has 20 years’ experience in managing infrastructure projects across more than 30 countries and is a strong partner for EQTEC in Spain and other markets.
David Palumbo, CEO of EQTEC, commented: “We have already noted that our go-to-market focus will increasingly shift from geography per se, toward strong, capable partners able to mobilise funding and apply professional disciplines for stable, steady progress with projects integrating EQTEC technology. We see Tresca as another such partner, with its long track record of successful and steady growth across a number of sectors in a number of geographies.
We are delighted to cement this Agreement with Tresca, especially with at least one project already in mind for active collaboration with them in the near future. For EQTEC, this Agreement represents another step forward with our strategy of safeguarding our role as innovator and technology licensor, with another partner who can assure our technology is professionally deployed for maximum impact as new energy infrastructure.”
Francisco Carro, CEO of Tresca Energía, commented: “We are pleased to formalise this cooperation. Tresca has a growing capability to build facilities that produce biomethane by converting biomass to syngas, so our need for technologies that can do this reliably is growing. We are convinced that EQTEC will provide us with a modular and scalable capability that we can replicate in many of our future projects, starting with a biomass-to-RNG plant near our base in León, Spain.”