EQTEC Gasifier Technology to be supplied to Phoenix Biomass

US-based technology solutions company, EQTEC, announced in a press release that it had signed a Memorandum of Understanding (MOU) with California-based power firm Phoenix Biomass, to supply its EQTEC Gasifier Technology (EGT) for two plants.

Both contracts are estimated to be worth €10 million ($11.7 million) collectively.

The press release detailed Phoenix’s willingness to utilise EQTEC’s technology and equipment on future projects as well, depending on the outcome of both projects,

“We are delighted to be the exclusive supplier of technology to Phoenix Energy. The USA is a key country for waste to gasification technology and we are excited to be entering this market with our first project with Phoenix Energy,” said Ian Price, CEO of EQTEC.

“These Californian projects are exciting opportunities for EQTEC and we’re extremely proud to be selected by Phoenix. This demonstrates the flexibility of EQTEC technology and our ability to be commercially competitive in delivering projects of differing scale and operating on many fuel types globally.”

“We are pleased to have been chosen by Phoenix Energy for the Californian projects and our new relationship with them supports our goal in making EQTEC the industry leader of energy from waste technology. The Company continues to make good progress in pursuing significant opportunities in the near term and we hope this is the start of a significant growth period for EQTEC.”