EQTEC (EQT) , a bioscience energy company focused on turning waste to fuel, has recently sealed a Collaboration Framework Agreement with Domi Ost, an Irish development and project management company dedicated to bringing advanced biofuel production to Ireland, other European markets and the UK.
The agreement will involve EQTEC and Domi Ost undertaking projects in Ireland that use EQTEC's technology to convert forestry, agricultural, and other waste materials into valuable renewable resources like natural gas, hydrogen, ethanol, and methanol.
Four projects have already been identified for Domi Ost and EQTEC to collaborate on, and have already undertaken qualification on one of them.
Under the agreement, Domi Ost will incubate and stimulate demand for these initiatives in Ireland, and possibly beyond, while managing stakeholders and overseeing project execution. Domi Ost will also source and contract essential investment parties and project delivery partners, giving EQTEC the freedom to concentrate on engineering, core technology integration, and licensing.
Domi Ost and EQTEC may also partner with other third parties for syngas-to-molecule applications, as well as for the construction of new energy plants.
Jeffrey Vander Linden, COO of EQTEC, commented: "EQTEC's ability to design, model, deploy and commission its proprietary and patented process technology to produce highly efficient, versatile and clean syngas from a wide range of waste types makes us uniquely fit for a range of offtake applications, including advanced biofuels. We are pleased to extend our engagement with RNG and hydrogen opportunities and to explore the potential for syngas-to-ethanol or similar applications.”
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The agreement marks a step forward for EQTEC in the pursuit of sustainable energy solutions in Ireland, bringing together the expertise and resources of both EQTEC and Domi Ost to advance biofuel innovation.
In Ireland, the government's commitment to carbon neutrality was shown through signing its Climate Action Act into law, making it legally binding and providing a framework for achieving our international and EU climate targets. This law aims to set out a path to net-zero emissions by 2050, and a 51% reduction in greenhouse gas emissions by 2030. Biofuel contributes to a circular economy, therefore supporting the Irish government in its net zero targets.
The partnership will explore the potential for syngas-to-ethanol, which is seeing increasing market demand in light of current unsustainable production processes. The conventional route for ethanol production relies on the fermentation of cellulosic biomass, which competes for food supplies with human beings. Since ethanol is widely used as a solvent, detergent, and disinfectant and is in high demand, alternative production routes need to be found, with EQTEC’s syngas-to-ethanol a potential solution.
Following the news today, EQTEC said it will update investors on the future projects that it will collaborate on with Domi Ost, so make to to stay up to date.