EQTEC‘s said its first technology demonstration plant (MDCs) will be up and running this year with two more to follow shortly after as the clean energy technology innovator posted a six-fold jump in sales.
"Our MDCs will demonstrate those responses for the world to see, in live, commercial environments,” said David Palumbo, chief executive.
“The first will be operational this year, in one of the greenest, most beautiful parts of Italy.
“We are commissioning Italia MDC now and will shortly thereafter move on to MDCs in Croatia and France.
“Not only will these showcase numerous feedstocks for a range of offtake solutions, but they will demonstrate new business models to power a decarbonised world.”
Revenues at the waste-to-energy specialist rose six-fold to €2.98mln (€0.48mln) in the half year to end-June 2022.
Pre-tax losses were reduced to €2.3mln from €4mln and an underlying loss of €1.97mln.
For the full year, EQTEC is guiding towards total revenues in the range of €10- 2mln and underlying losses [EBITDA] loss in the range of €2-3mln (2021: (€3.8) mln).