In the UK, EQTEC announced that it has set up a new joint venture company with CompactGTL Limited. The JV will pursue implementation of an integrated, waste-to-liquid fuel solution based on EQTEC syngas technology and CompactGTL gas-to-liquid conversion technology. The JV is owned in equal shares of 50% by EQTEC and CompactGTL. The partners intend that the JV become an innovator and licensor of technology for liquid fuels produced from waste, including transport fuels such as sustainable aviation fuel. The JV’s immediate objective is formation of a consortium of investors to fund a commercial-scale plant that proves the viability of the solution. “We are still at the early stages of our work on drop-in fuels, but the potential is great. CompactGTL’s gas-to-liquid capabilities are already proven for natural gas and now we will work towards proving them for waste-to-liquid fuels, including SAF and maritime fuels. Given the huge interest in SAF and other drop-in fuels in the market and the funding we can see going into this market, waste-to-liquids is a market in which we want to participate as soon as possible,” said David Palumbo, CEO of EQTEC.
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