Hydrogen Production – EQTEC signs agreement for waste to renewable projects in Italy.
EQTEC has signed a collaboration framework agreement with Poseidon LNG, a sister company of natural gas and greens fuels specialist Belleli, to develop clean, waste-to-RNG and waste-to-hydrogen projects in Italy.
Four potential locations in Cremona, northern Italy (the Colibri plants) have been chosen as the initial projects, with each site capable of transforming 100,000 tonnes of mixed waste and biomass into RNG and other green biofuels.
PLH is the lead operator of the four plants with other groups invited for key aspects of the projects.
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EQTEC was selected as the exclusive syngas technology partner through its existing partnership with the UK’s Wood Group.
Other members of the consortium include Linde, Alfa Laval and Chemprod.
No funding contribution is required from EQTEC, with PLH solely responsible for securing funding for the projects.
EQTEC said it will receive revenue from project engineering services, technology sales, licensing fees and other value-added services while demonstrating its capabilities in Italy and elsewhere.
David Palumbo, chief executive, commented:
This agreement further cements EQTEC’s position as a leading syngas technology company within a consortium of leading, global companies with complementary capabilities.
“The RNG market in Europe shows substantial growth potential, as the continent moves to set feed-in tariffs later this year, supported even further by the anticipated announcement from European Sovereign funds toward acceleration of project financing.”
“EQTEC is already pursuing several RNG opportunities and is well placed to seize new opportunities created by the current momentum toward RNG.”
Luigi Conte, Poseidon LNG Hub President, added:
We developed and engineered the first LNG floating terminal in the world and now with this collaboration with EQTEC we will continue to innovate syngas-to-RNG applications from non-fossil fuel feedstocks.
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EQTEC signs agreement for waste-to-renewable projects in Italy, April 17, 2023
