Gasification solutions firm EQTEC has acquired a 1.2 MWe waste-to-energy gasification plant in Croatia in Belišće, Croatia, through Synergy Projects, a joint venture (JV) between EQTEC and its Croatian project development partner, Sense ESCO.
Originally commissioned in 2016, the plant was built around EQTEC’s proprietary and patented Advanced Gasification Technology. The plant will be recommissioned and repowered to convert forestry wood waste from local farms and forests into green electricity and heat for use in the local community.
Once operational, it is expected that EQTEC will become the plant’s operations and maintenance contractor and that the Company will make it the second of its Market Development Centres (MDC) and a showcase for EQTEC’s technology in a fully operational, commercial setting. The Company’s first MDC, in Tuscany, Italy, was announced earlier this year.
“EQTEC’s joint venture with such a capable and dependable partner as Sense ESCO provides the perfect platform for our re-entry into Croatia, re-introducing our advanced gasification technology to sustainably transform biomass waste into energy for local communities,” said David Palumbo, CEO of EQTEC.
“The plant in Belišće, which will also be a market development centre, is the next of several EU waste-to-value facilities we are developing to integrate our leading-edge technology and overseeing through commissioning into live operations,” underlined Mr Palumbo.
The joint venture is currently 100 per cent owned by EQTEC, with 20 per cent equity to be transferred to Sense ESCO after completion and an additional 20 per cent subject to performance milestones.
In the second half of 2021, a grid connection application will be made for the plant, which is expected to be updated, recommissioned and repowered for operations towards the end of 2022 and is expected to produce approximately 1.2 MW green electricity.