Eqtec Share Discussion Threads

[juju44] 19/7/2021 09:00

All very promising . It is a bit jam tomorrow but patience should reward

[gspanner] 19/7/2021 08:52

That was the para that caught my eye really... So things are progressing with Wood albeit on a low-ish key way. Ibex looks to be the most likely industry collaboration, news soon there I suspect.

[stevea171] 19/7/2021 08:27

First news on Wood Group collaboration since last year's announcement.

Innovation

As announced on 22 March, the Company is progressing a number of significant R&D projects with its partners, to prepare its technology for application to a wider range of opportunities. The Company is working with leading certifications agency TÜV to achieve a certification for hydrogen-linked technologies. In Q3, the Company's technical team expects to test several types of RDF material with its partners at the Université de Lorraine in France and then carry out Fischer-Tropsch gas-to-liquid tests in Q4, subject to pending health and safety approvals for the laboratory, which are expected in Q3. The Company is also developing relationships with a number of new technology partners, which it expects to announce in the coming months.

Wood and EQTEC collaborated on and completed gasification technology and market reviews in Q1 2021. Throughout Q2, the Company and Wood have explored opportunities for technology and other collaboration and have progressed discussions with a view to identifying and pursuing new capabilities and solutions for the global, waste-to-energy market. The Company looks forward to working together to identify and pursue future opportunities with Wood.

The Company will update shareholders in its next planned quarterly update at publication of its Interim Results for 2021.

[stevea171] 19/7/2021 08:01

From LSE: A 5MW Greek project financial closure to look forwards to at some point in the future also, that will be a nice earner when it comes through...

New note out from Arden, 5p target.

[stevea171] 19/7/2021 07:53

The company is moving at warp speed across many fronts.

Three RDF-to-energy projects in the UK are making good progress toward financial close. The Billingham, Teesside project development and associated engineering work, led by an EQTEC team, has produced a detailed design for the core gasification process and equipment and a concept design for the full plant. In July it is expected that this will be reviewed with potential funders, including French waste-to-energy owner-operator, Groupe Idex ("Idex"). Additionally, the project team is selecting delivery partners, including Tier 1 EPC companies. The Company will make further announcements about both funding and delivery partners.

In June the Company submitted a planning application for a Phase 2 gasification facility deploying EQTEC technology at the Deeside, Flintshire site where Phase 1 recycling and anaerobic digestion facilities are already approved for development. As most planning conditions have been satisfied for Phase 1, the project is on track for financial close. The development project is being pursued in partnership with Logik Developments Limited ("Logik"), with active engagement with local authorities throughout the planning process.

The Southport, Merseyside project is similar to the Deeside project with permission for a pre-existing Phase 1 anaerobic digestion facility and the intended Phase 2 addition of an advanced gasification facility. The Company will submit a revised planning application for Phase 1 in early August 2021, in advance of the intended Phase 2 planning submission that will be submitted later in the year. A pre-planning consultation has been carried out with the local authority whereby Phase 1 and Phase 2 master plans were welcomed by the local authority and given their support. The development project is being pursued by the Company with development partner Rotunda Group Limited ("Rotunda").

David Palumbo, CEO of EQTEC, commented:

"In our interim results for H1 2020 and again in our 2020 annual report, we committed to building beyond our technology and innovation excellence to establish a solid, sustainable platform for growth. Throughout 2021, and accelerating in Q2, the team has been building that platform, one founded on reliable, repeatable delivery excellence, in partnership with qualified, dependable partners. For EQTEC, delivery excellence starts with project development toward financial close and we have been converting our rapidly expanding pipeline into a growing set of prioritised development projects, with project plans and managed timelines. We believe that very few companies in waste-to-energy or even in large-scale infrastructure pursue the rigour and discipline we are embedding. These efforts are inspired by our ambition to be known not only as the best technology in our class but also, the most reliable development partner in waste-to-value."

[m4rtinu] 19/7/2021 07:46

Quite a detailed update. The first in a series of quarterlies. I won't pick anything out yet as there are positives and negatives. Please have a read yourselves. Comments welcome.

[replicas1967] 19/7/2021 07:37

Very happy with this update - looking forward to news over the second half now

[skinny] 19/7/2021 07:12

.

Highlights

-- Increase in pipeline opportunities moving into project development
-- Financial close of Market Development Centre in Italy with second targeted in Croatia
-- Billingham RDF project completes concept design and progresses toward financial close
-- Revenue and EBITDA on track for 2021
-- GBP16 million capital raise fuels strategic growth from project development business
-- Finance Director search completed and transition underway

more.....

[marktime1231] 17/7/2021 12:11

The Billingham deal needs to tie in not just a developer-operator but also the company delivering the feedstock and the company taking the CHP output. At the moment EQT is taking all the risk, too much in my mind for such a small cap, let down I think by Suez/Veolia. Fortune favours the brave, there could be an immediate win if it can sell on its purchase option over the site for an immediate profit. Very hopeful for some real good news, beyond celebrating nefarious milestones like financial close.

But I expect the good news in the short term will be progress on those smaller projects around Europe where EQT has managed to onboard a circular waste-to-energy community. And rumours of a new opportunity or two in the pipeline. I note that one of the plants handling waste straw has a preparation stage where the material needs to be pelletised first.

Are we expecting trading which indicates operational break even, not including the major investments? A hint of that and yes EQT is due a sharp upswing. It would provide a humiliating contrast to PHE, an inferior business case and miles behind on timeline to revenues but which still enjoys a higher mkt cap.

[stevea171] 17/7/2021 11:08

Thanks guys.

[juju44] 17/7/2021 10:25

Yeah , good posts Steve.

[stevea171] 16/7/2021 18:19

The IDEX Group is now France’s leading medium-sized company specializing in the energy transition sector. Our company works on the ground across France’s regions to help build sustainable towns and cities.

Idex is a network of 4500 specialists at your service across the country. With over 100 agencies scattered across France, our professionals are on hand to advise you, adapting local solutions to fit your needs. Over the past 50 years, we’ve developed multi-functional, modular services in energy, multi-technical and multi-service fields.

212 biomass plants
63,059 installations
4,500 members of staff

The Idex group has succeeded in adapting its family-run business values to align with the scale and scope of an international group.

[stevea171] 16/7/2021 17:34

Mark. Thought you would like them! The last trading update was 22/3 which was very comprehensive with a heck of a lot going on across many fronts:



It seems DP wants to do another similar Trading Update, possibly next week. He may have been waiting on developments on a few key projects before going to press.

Billingham as you say is the big one with FC expected this year and the share price back to 3p rapido plus, plus, plus! This was the state of play 4 months ago so hopefully things have moved on from then. The AR a month later just had a brief summary of projects and nothing new on Billingham:

"RDF-to-Energy. The UK's first plant employing EQTEC technology will be in Billingham, Teesside. The development is advancing at pace, with the land purchase agreement completed, additional planning approval achieved and pre-enablement works underway.

Additionally, the Company is pleased to confirm that the deal is currently under review by Idex Group ("Idex"), a European owner-operator of waste-to-energy infrastructure. Idex has become a leading name in the renewable energy industry with over 40 energy-from-waste plants in France.

Idex has succeeded in anticipating and taking action in response to climate change and has always taken a progressive stance with innovative technologies. It is currently expected that, subject to completion of a final review and requisite documentation, Idex would provide the financing required for the construction phases and then own and commercially operate the plant.

Assuming the requisite funding is provided, EQTEC expects to act as the co-developer on the project, providing the design and core advance gasification technology and retain the maintenance portion of the O&M contract."

Yoel Aleman in a tweet just a few days ago confirmed that all 3 RDF projects are moving ahead - Billingham, Deeside and Southport.

[juju44] 16/7/2021 15:45

Think buyers have left the scene for now

[aja2] 16/7/2021 14:53

Tempted to sell when it was an oversold, undervalued buy with an imminent update? As long as you're not leveraged then no need to worry. If I'd've had funds I'd've added earlier this week. I said as much too.

[bloodhair] 16/7/2021 13:06

Glad i held my nerve on these yesterday and didn't sell, as I was very tempted to do so, seeing as I dipped into a loss position. Hopefully this is the start of a justified upward rerating and the sellers have had enough.

[marktime1231] 16/7/2021 12:42

steve thanks for those links, I wonder what news EQT is tempting us with and why they just don't publish it, if it is a significant market announcement they have a duty not to keep inside news to themselves. Please can we have cracked Billingham, please and thank you.

ps I would not consider those placings as Director Buys, they were obliged to take some skin-in-the-game as part of the 1.5p placing. Now that we are down at 1.3p it would be more telling if a couple of Directors were to get their wallets out and show real faith.

[tonytyke2] 16/7/2021 11:42

David P just updating on Linkedin 30 mins ago, that in the next trading update due out soon, they will announce further new projects.

[stevea171] 16/7/2021 11:01

4 EQT directors have added 41 million shares to their holdings this year.

03-Feb-21 Buy Tom Quigley 1.91 GBX 5,200,000 27,854,154
01-Feb-21 Placing Yoel Alemán Méndez 0.45 GBX 9,600,000 87,809,666
01-Feb-21 Placing David Palumbo 0.45 GBX 20,000,000 43,659,090
01-Feb-21 Placing Gerry Madden 0.45 GBX 6,780,000 25,510,038

[stevea171] 16/7/2021 10:08

Another short video showing the construction of the Belišce plant in Croatia in 2016. Soon to be acquired by EQTEC and partners and re-commissioned as the next 'Market Development Centre'.

[stevea171] 16/7/2021 09:44

A video of Dr Yoel Aleman Mendez (EQTEC CTO) giving a tour around the 5MW biomass plant in Karlovo, Bulgaria during construction in 2014. This is from the pre-Eqtec days of Ebioss. The biomass­-fuelled cogeneration plant is in the town of Karlovo, north of Plovdiv, the country’s second-largest city.

9 minutes.


Turn on subtitles and auto-translate, select english

The engines are GE/Jenbacher — one J612 and two J620 units — as used today with Siemens electrical controls and cabinets. The film shows the feed is cereal straw purchased from farmers, cleaned and pelletized pre use in the gasifier.

[juju44] 16/7/2021 09:41

All buys . Well oversold and time for a move up again

[juju44] 16/7/2021 09:19

Added this morning too

[marktime1231] 15/7/2021 13:27

Added again just under 1.2p ready for some good news