RE: RNS26 Aug 2020 08:04
David Palumbo, CEO of EQTEC, commented:
"EQTEC's cooperation with ewerGy and ECO Hellas continues to strengthen and deliver results and we are pleased to have signed an equipment sales and services contract with them. With the strong and increasing appetite from traditional banking institutions to provide financing for projects applying EQTEC's advanced gasification technology, we look forward to commencing the construction of Greece's first waste to energy gasification plant, which is fully permitted and fully funded.
"This plant and the growing pipeline of 18 potential projects that we are progressing well in Greece and the Balkan region are expected to deliver value to our stakeholders, local communities and our shareholders. Scalable waste to energy solutions using proven advanced gasification technologies such as EQTEC's are important in the energy transition and decarbonisation market."
Gerd Kromarck, CEO of ewerGy, commented:
"Our aim has been to be the first in Greece to build an advanced gasification plant, and today we are one step closer to achieving this by signing the subcontractor agreement with EQTEC. Together with our Greek sister company, ECO Hellas, we have been working on securing a pipeline of future projects to develop with EQTEC. Together, we are now also setting up a commercial and technical training programme for our highly qualified and experienced staff in the region. Our people, located in Greece, Romania, Bulgaria, Serbia, Albania and Croatia, will be enabled to fully assess and exploit the unique characteristics of EQTEC's advanced gasification technology."
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