EQTEC partners with Tresca Energía for advanced biofuels solutions in Spain
EQTEC plc (AIM: EQT), a leader in waste-to-value solutions for new energy infrastructure, has announced a significant Collaboration Framework Agreement with Spain-based Tresca Energía S.A., an engineering and infrastructure development group. This partnership will focus on advanced biofuels solutions, particularly a project in Castilla y León, Spain, to convert biomass into renewable natural gas (RNG).
Pioneering Project in Castilla y León
The proposed facility in Castilla y León aims to process around 50,000 tonnes of biomass annually into RNG. Currently in its feasibility phase, the project has garnered interest from a leading Spanish bank for funding and has secured offtake terms from a major gas grid operator. This initiative represents a significant advancement in sustainable energy generation in Spain.
Joint Development and Synergy
The collaboration brings together EQTEC’s technology and engineering expertise with Tresca’s proficiency in renewable energy project development. Both parties are keen on projects that focus on RNG or methanol generation from syngas, leveraging EQTEC’s patented technology. This partnership aligns with the increasing need for professional project management in the syngas-based renewable energy sector.
Tresca Energía: A Strong Partner in Renewable Energy
With two decades of experience in managing infrastructure projects across various continents, Tresca Energía is recognized for its capabilities in energy, hydrogen technology, and chemistry sectors. EQTEC views Tresca as a vital partner for market expansion in Spain and other regions requiring advanced renewable energy solutions.
Leadership Comments on the Collaboration
David Palumbo, CEO of EQTEC, expressed enthusiasm about the partnership, emphasizing the shift towards strong partners who can effectively deploy EQTEC technology for maximum impact. “This Agreement with Tresca represents a strategic advancement in our role as an innovator and technology licensor in new energy infrastructure,” he stated.
Francisco Carro, CEO of Tresca Energía, also commented on the collaboration’s significance. “We are excited to formalize this cooperation with EQTEC. Their technology will greatly enhance our capability to build efficient biomethane facilities, starting with our project in León, Spain,” he said.
This collaboration marks a significant step in developing sustainable energy solutions, particularly in the biofuels sector, and underscores the commitment of both EQTEC plc and Tresca Energía to advancing green technology and sustainable infrastructure.