RE: RNS15 Feb 2022 07:03
David Palumbo, CEO of EQTEC, commented:
"The Billingham project on Teesside continues to generate strong and varied interest from investors, EPC and technology partners and offtake purchasers, including potential customers for hydrogen or biofuels. As we drive completion of feasibility studies on these options and adjust the proposed business model for the plant, we are increasingly excited about the impact we can make and the role we can play in development of Teesside's leadership with innovative energy provision in the UK. Our decision last year to defer this project is already giving us the space to gather together an exciting team and to actively engage a range of potential partners in the area. We look forward to providing regular updates on our progress and to sharing more news as we advance as an innovation leader for clean baseload energy and biofuels."