Ireland-headed biomass and waste gasification technology provider EQTEC plc has announced the sale of certain items of equipment and spare parts to Mostos Vinos y Alcoholes S.A. (Movialsa), part of the Huertas Business Group, a Spanish conglomerate involved in the agricultural, winemaking, construction, and energy generation sectors.
Movialsa utilises EQTEC’s proprietary biomass gasification technology at a 6 MWe unit (Movialsa II) at its olive oil processing facility in Campo de Criptana, Ciudad Real to convert olive pomace waste, which is a residue of the manufacture of olive oil, into energy.
The Jenbacher gas engines at the plant have recently surpassed 111 000 aggregated operating hours at full expected operational capacity powered with the high-quality syngas produced from EQTEC’s gasifier.
The equipment sold to Movialsa for EUR 300 000 consists primarily of ancillary parts for the power block of the gasification plant and formed part of a series of equipment, stored at EQTEC’s site in Newry, Ireland which was not required as consideration for its investment in the North Fork Community Power (NFCP) project in North Fork, California (CA).
EQTEC is targeting energy recovery from agri-food residues and other industrial waste streams as one of its three identified sector verticals, where it believes it has the core capabilities to establish a significant competitive advantage through its proprietary gasification technology.
As part of the contract for the sale of the equipment and spare parts, EQTEC is able to arrange visits to the Movialsa plant to showcase the Group’s technology to potential future stakeholders in its projects.
We are delighted to develop further the relationship with one of our key strategic clients. Movialsa is a leader in their agri-industry sector with extensive experience in co-generation energy infrastructure, with a plant using EQTEC’s Gasifier Technology that showcases over 111 000 hours of operation since 2011. Importantly, we have been able to monetize assets whilst assisting a key client with its equipment maintenance requirements. We remain convinced of the opportunity that exists for the Group through the elimination of olive pomace waste in Spain and the Greater Mediterranean area. Our intention is to develop this market through strategic partnerships in the relevant geographies, commented David Palumbo, CEO of EQTEC.
