EQTEC acquires second decommissioned plant in Croatia
The 1.2 MWe facility in Karlovac was acquired through Synergy Projects, a joint venture between EQTEC and its Croatian project development partner Sense ESCO. The move follows the company’s recent acquisition of a similar plant in Belišće.
Located in the Industrial Zone, Korana in Karlovac, the site contains a decommissioned plant that originally employed an early gasification technology from a third party. The facility was not able to achieve the designed operational availability and had to be closed.
EQTEC intends to redesign and reconfigure the plant to incorporate its patented, proprietary Advanced Gasification Technology at its core. When subsequently commissioned, the plant will transform locally-sourced wood chips and forestry waste from regional forests into green electricity for use by the local community.
The acquisition is in line with EQTEC’s strategy to recover decommissioned gasification plants employing other technologies, to further establish it as the ‘dominant and reliable’ technology partner by increasing the number of operating plants using its Advanced Gasification Technology.
David Palumbo, CEO of EQTEC, said: “I am very pleased to announce the acquisition of a second sustainable waste-to-energy plant in Croatia, after very recently acquiring a similar plant in Belišće, which we will recommission and operate as the country’s EQTEC Market Development Centre.
“In partnership with the Sense ESCO team, our Croatian joint venture is focused on reducing the amount of forestry waste wood biomass in the local areas in which these two projects will operate, leveraging our Advanced Gasification Technology, with the low emissions profile and high operating efficiency it offers, to generate clean energy and in locations where it is also beneficial, increasing valuable high-quality biochar.”