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EQTEC has entered into a Strategic Collaboration Agreement with Wood, a prominent energy and built environment consulting and engineering firm.
The Company and Wood shall cooperatively target and pursue market possibilities for the development and deployment of clean, waste-to-synthetic natural gas (SNG) and waste-to-hydrogen solutions, as well as the delivery of related projects, under the terms of the Agreement.
The Agreement aims to increase the availability and application of EQTEC’s Advanced Gasification Technology and synthesis gas (syngas) production in new markets by combining it with Wood’s established VESTA methanation technology, engineering capabilities, and scale capability. The Parties want to collaborate on the development of new capabilities and solutions to stimulate innovation in the burgeoning market for renewable SNG and hydrogen and to aid in the transition to net zero energy.
Jeff Vander Linden, COO of EQTEC, commented: “The markets for SNG and hydrogen are maturing rapidly. EQTEC’s unique capabilities in producing high-quality syngas have always positioned us well as a supplier of intermediate fuel for both applications. This collaboration agreement with Wood is an important start to our entry into these growth markets. Wood’s teams are among the very best at what they do, and we are excited to have the opportunity to work shoulder-to-shoulder with them to bring our waste-to-syngas capabilities to new solutions in more geographies. With Wood, we believe we will open new markets and add further credibility to our assertion that EQTEC advanced gasification has a clear place in the clean energy ecosystem of the present and future.”
Brian McCarthy, Vice President of Technology and Products at Wood, commented: “Wood has a long-established experience in the development of technologies for low carbon intensity fuels and hydrogen. Our VESTA methanation technology enables producers of clean syngas, such as EQTEC, to connect to existing natural gas networks, offering an alternative route to distribute the low carbon energy produced by EQTEC’s Advanced Gasification Technology.
“By combining EQTEC’s and Wood’s breakthrough technologies and leveraging our combined capabilities, this collaboration will provide the opportunity to innovate and create solutions to support the path to net zero.”
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