EQTEC plc announced that it has signed a Collaboration Framework Agreement with Tresca Energia S.A. The Agreement specifically identifies a first project for the collaboration, which would be a facility in Castilla y Leon, Spain (the "Project") that would convert approximately 50,000 tonnes per year of biomass into renewable natural gas ("RNG"). The Project, which currently is progressing its feasibility phase, has already secured interest from a main Spanish bank to provide the funding together with offtake terms from a large gas grid operator. Through the Agreement, the Company and Tresca (together, the "Parties") will collaborate on joint development and qualification of pipeline opportunities through integrated teams that combine EQTEC's technology and engineering capabilities with Tresca's expertise developing renewable energy projects and its access to funders, infrastructure investors and offtakers.

The Parties have a particular interest at present in pursuing projects focused on RNG or methanol generation from synthesis gas (" syngas") produced through EQTEC's patented and proprietary technology. Tresca is a development, project management and engineering company with 20 years' experience managing infrastructure projects across more than 30 countries in Europe, South America, Africa, the Middle East and Asia. It is active in energy, hydrogen technology, chemistry and several other complementary sectors.

The Company views Tresca as a strong, go-to-market partner for Spain and other geographies where there is a growing need for professional development and project management in the burgeoning sector for syngas-based renewable energy.