EQTEC PLC has announced the transition of the Group Chief Operating Officer role, with Jeffrey Vander Linden resigning and stepping down from the Board to support the transition of the role to a Spain-based engineering management professional. The company intends to complete the transition by the end of September 2024. This move aligns with the Group's business strategy to become a pure-play technology innovator and licensor, co-locating operational management and decision-making with its Engineering team based in Barcelona, Spain.
The transition is part of operational and organizational changes in line with the Group's business strategy, as announced in September 2021, to become a technology innovator and licensor. This strategic shift aims to allow the Group Chief Technical Officer to focus exclusively on innovation, patent evolution, and the development of EQTEC's technology and engineering excellence.
The transition follows the Company's 2023 annual results, which highlighted the completion of its strategic transition from a capital-heavy development company to a capital-light technology licensor and innovator. David Palumbo, CEO of EQTEC, expressed gratitude to Jeffrey Vander Linden for his contributions, stating that the transition is in line with the company's strategy for growth and scale. Vander Linden also expressed confidence in EQTEC's future, emphasizing the company's technology and its unique capabilities as a solid foundation for a successful business.
EQTEC, as a thermochemical conversion technology and engineering company, delivers waste management and new energy solutions through innovation and infrastructure engineering. The company's technology is at the center of clean energy projects, sourcing local waste and supporting the transition to localised, decentralised, and resilient energy systems. EQTEC's technology integration capabilities enable the Group to lead collaborative ecosystems of qualified partners and to build sustainable waste reduction and green energy infrastructure around the world.
The company is quoted on the London Stock Exchange's Alternative Investment Market (AIM) and has been awarded the Green Economy Mark, recognizing listed companies with 50% or more of revenues from environmental/green solutions. EQTEC's versatile solutions process 60 varieties of feedstock, including forestry waste, agricultural waste, industrial waste, and municipal waste, with no hazardous or toxic emissions. The company's technology produces a pure, high-quality synthesis gas ("syngas") that can be used for various applications, including the generation of electricity and heat, production of renewable natural gas, biofuels, and reforming of hydrogen.