RE: RNS out18 Apr 2023 07:54
David Palumbo, EQTEC CEO, 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.
We are extremely pleased to work with Poseidon, which brings extensive experience in development, construction, and operations of complex chemical process infrastructure around the world. We are excited by the know-how to be developed through this collaboration and look forward to a relationship that creates new revenue opportunities whilst accelerating the adoption of new energy infrastructure."
Luigi Conte, Poseidon LNG Hub Srl President, commented:
"We are passionate to build a future of energy infrastructure projects that apply business integrity with social responsibility. Our commitment is to deliver successful projects through an integrated, innovative project philosophy. 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.
By combining EQTEC's and Wood's breakthrough technologies and leveraging our combined capabilities, this collaboration will provide the opportunity to innovate and create solutions to support the path to net zero."
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