EQT25 May 2018 16:53
READ: EQTEC set for major expansion through new EBIOSS deal
After gasification, Eqtec hooks up to a General Electric gas engine, they are the most efficient but need a clean source of syngas, or a steam turbine generator that can burn anything, to produce electricity.
It is with the GE engines that Eqtec�s know-how has a real advantage adds Pearson, and this allows the operator a more competitive gate fee.
Pearson joined the group in December following a merger with a Spanish group, Eqtec Iberia that also saw Luis Sanchez become chief executive and Gerry Madden move to finance director.
The merger also brought state-of the�art waste gasification technology, while Spanish firm Ebioss, Eqtec Iberia�s owner, became majority shareholder.
Partnerships the strategy
The strategy going forward is to leverage the technology through a pipeline of potential projects and big partners such as Chinese contractor and engineer Energy China.
Sales revenues are expected to come later this year at projects in Newcastle and Hull and another at Usk in Wales, scheduled for a little further ahead.
Melton Hull will be a 16MW plant capable of treating 120,000 tonnes a year.
Seal Sands near Newcastle, meanwhile, will generate 12MW of electrical capacity and have capacity to treat 72,000 tonnes of waste.
Energy China is funding both projects.
Partnerships like this will be the blueprint going forward says Pearson.
Talks are ongoing with a major European engineer/contractor he says, though no names are being mentioned yet.
By going down the partnership route, Eqtec can minimise its risks, he says.
�We just supply the bit in the middle, the gasification equipment and the ongoing operations and maintenance services.
�We are not taking on the construction risk, the feedstock risk or the Power Purchase Agreement (PAA) risk of the plant operator.�
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