RE: RNS14 Mar 2022 07:03
David Palumbo, CEO of EQTEC, commented:
"Formalisation of our market entry into France is a big step as we focus on building a pipeline of go-to-market entities and future licensors, each with a pipeline of projects. France is a major market with a strong history in progressive investment and development of new energy and we believe this will prove true also for baseload renewables such as clean syngas. As a leader in clean syngas production, we are proud to set our sights first on contaminated, plastic waste, in partnership with our colleagues at SEPS, who have a strong track record with this feedstock. We are also proud that our France market entry was made possible not only by David Le Saint's tireless leadership there, but also on the strength of our R&D programme at the Université de Lorraine. The work we do together in France will make a direct contribution to reduction of rising volumes of plastic waste, transforming it into baseload energy and biofuels."
Laurent Rousseau, CEO of SEPS, commented:
"This collaboration with EQTEC has been very well prepared over the past months, based on thorough review of one another's technologies and culminating in joint testing at the EQTEC facility at Université de Lorraine. It is based on the proven success with contaminated plastic waste-to-syngas production we witnessed in situ that we are so happy to proceed. SEPS has a strong history with treatment of contaminated plastics, but with EQTEC's leading syngas technology, we now see many doors opening for market growth and development in France and beyond. Our commitment to clean treatment of contaminated waste, together with EQTEC's transformation of that waste into clean syngas will now support a range of applications for power, hydrogen and biofuels in support of local, energy security and fossil fuel replacement."
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