Eqtec Share Discussion Threads

[stevea171] 06/6/2022 12:45

New Proactive interview with DP and Yoel:

[juju44] 02/6/2022 09:17

Wood do not impress . They are old fashioned and slow . Their own financial record not so hot either

[desflurane] 01/6/2022 11:46

Except the share price!

[stevea171] 01/6/2022 11:44

It's all coming together!!

[stevea171] 01/6/2022 11:34

Luxcara has the cash to invest in large scale projects which may include EQT projects in due course. It has now agreed to collaborate with Wood.

Published: 31 May 2022
Luxcara, one of the most experienced renewable energy asset managers in Europe, and Wood, a leading global consulting and engineering company, have formally agreed to collaborate on energy transition investment opportunities.

Under the framework agreement, the parties undertake to work together to identify, structure and stress-test new energy transition investment opportunities, including floating offshore wind, hydrogen, bio-methanol and batteries.
The two companies have a proven track record successfully working together on the Önusberget wind farm, a 750 MW landmark project in Northern Sweden.
Luxcara acquired the project for a portfolio of institutional investors which the company advises and appointed Wood as construction manager. The partnership has since been expanded to also cover due diligence on investment opportunities in innovative technologies across Europe.

Under the new framework agreement, Luxcara will investigate the opportunity to potentially invest in assets across the energy transition value chain in the future with Wood’s technical support, ranging from development work and due diligence services to engineering and construction management.

[stevea171] 01/6/2022 11:15

EQT's technology partner, Wood Group, has announced today the sale of one arm of their business for $1.9 billion gross. The proceeds to reduce/eliminate debt and to give head room to invest in future growth businesses and projects (which may include EQT (or joint Wood/EQT projects)? See Wood aims below.
The sale is likely to complete in H2 this year.

This disposal and massive cash injection is all that has been holding Wood back from a pivot to their new strategy which very much sounds like it includes the likes of Eqtec.

Net cash proceeds would result in a pro forma net cash position at 31 December 2021, compared to net debt/EBITDA of 3.3x as previously reported

Sale will significantly reduce the Group’s leverage and help us accelerate our strategy to be a leader across energy security and sustainability

The future of Wood: a leader across energy security and sustainability

This transaction will provide the financial flexibility for us to deliver on our strategy to be a leader across energy security and sustainability through our exposure to five key growth drivers:

Energy security
Carbon intensity reduction
Industrial decarbonisation
Resourcing the energy transition
Low carbon energy

These drivers provide significant growth opportunities for the Group that, combined with our measured risk appetite, improved operational delivery and strong balance sheet should help deliver value for our shareholders over the medium term.

We will set out our strategy in more detail at a Capital Markets Day at a later date, following the appointment of our new Chief Executive.

[scrutable] 31/5/2022 16:54

Thanks Adey. Will do.

[adey1] 31/5/2022 15:50

Just go to their website, self-certify and register

That's all there is to it!

[scrutable] 31/5/2022 15:27

Will Arden partners share their report with serious enquirers?

[bradders51] 31/5/2022 07:57

New Arden report out this morning.

Just a re-hash of the results in France. Positive moves etc, etc.

No change to the target valuation of 4.5p (we wish).

[skinny] 30/5/2022 19:00

This might be worth a watch :-

[stevea171] 30/5/2022 17:48

from LSE, Aandi: Contaminated plastic had not been tested at the research centres previously. As universities were closed during covid times,there would have been a delay in this testing program. Eqtec will have been able to give them a rough idea of the results based on the modeling software (within 5% accuracy). The testing of contaminated plastics has proven that the modeling software is correct and that has given partners a renewed confidence in eqtecs software and validates previous claims about the reliability and efficiency of the current gasification technology.

It's no good saying "look we have a great biomass gasification system with ten years run time" when the latest interest is to gasify RDF and plastic.

Recap interview with DP on the French market and SEPS from March 2022.

[adi27] 30/5/2022 17:18

People starting to believe in the technology maybe?!

[m4rtinu] 30/5/2022 07:46

From today's RNS,

"Laurent Rousseau, CEO of SEPS, commented:

"Everyone at SEPS is excited by this report which verifies that contaminated plastics waste can be treated cleanly, safely and efficiently by producing an intermediary fuel for power, heat and biofuel production. We look forward to the developing the first plant at our facility in Haute-Garonne, France, as part of our collaboration with EQTEC in due course. The results of the tests place us in good stead for the upcoming permitting phase and will offer the sector a treatment for production of energy."

Very encouraging but probably still a way down the line.

[skinny] 30/5/2022 07:01

The main conclusions from the Report are:


-- EQTEC's Advanced Gasification Technology is effective for contaminated
plastic waste gasification, providing very good conversion results
in line with results obtained from traditional feedstocks such
as biomass (from which commercial plants running EQTEC technology
have delivered 90%+ operational availability);

-- The calorific content of the syngas produced through EQTEC's
technology from plastic-containing waste is much higher than
that typically recorded for syngas produced from biomass feedstock;

-- The tar content of the syngas produced through EQTEC's technology
from plastic-containing waste is low, so that the syngas purity
can support a wide range of advanced energy and biofuels applications;

-- Throughout the test period, the composition of the syngas remained
stable, with no incidence of feeding-in or other issues typical
of plastics or refuse-derived fuel (RDF) gasification;

-- Emissions from direct combustion of the syngas in a boiler and
without the use of additional flue gas treatment are well below
a wide range of regulatory limits for polycyclic aromatic hydrocarbons
(PAH) (80% lower versus limits), dioxins and furans (70% lower)
and metals (10 - 1,000 times lower), indicating that the EQTEC-patented
conditioning treatments work well with complex feedstocks; and

-- The duration of the tests, the syngas stability and the accuracy
of the closing heat and mass balances were satisfactory, further
validating the accuracy of EQTEC's proprietary simulation model,
applied to the design of industrial-scale as well as small-scale
installations.

[stevea171] 29/5/2022 15:28

From DerSack, LSE: Proposed extended Billingham site map with 2 new areas developed in Phase 2:

[stevea171] 29/5/2022 14:20

Billingham RDF gasification development currently uses only a fraction of the land area that is under option for this project. Now EQT is moving to supplement this development with a Phase 2 extension. This suggests they have new partners not yet announced who want to be involved in this Phase 2 development.

EQT's agent Wardell Armstrong has submitted a Billingham project extension application to Stockton on Tees Council dated 12/5/2022.

From RoR, LSE: Request for Screening Opinion

Proposed Development
The proposed development (known as Phase 2) seeks to extend and enhance the consent development of the Energy from Waste Plant at New Road, Billingham, which is currently under construction (Phase 1). The proposed development includes the construction and operation of the following:
• Hydrogen production facility (by electrolysis) (up to 25MW generation capacity)
• Battery storage (25MWh in total)
• Hydrogen re-fuelling point; and
• Electric charging point (HGVs and public transport)



Details are in the 'Application Form' under the 'Documents' tab including a site plan.

Interesting that they are proposing to make hydrogen by electrolysis

Jeffrey Vander Linden, COO, response to Billingham query in Q1 of the recent AGM Q&A,

“…..The Billingham project is the largest and most complex but it's in the middle of Teesside and therefore we’ve got a very, very healthy set of potential industrial customers who can buy the offtake from us there. We also have a very large site and that gives us a lot of flexibility in terms of how we use it. The planning permission for a 200,000 tonne per year RDF to combined heat and power facility, the planning permission is done; the permits are done; the grid connection is secure. That is all, that is ready to go.

What we wanted to look at last year though is do we want to really be in the middle of Teesside offering combined heat and power? Is that the most interesting offtake for those industrial facilities there? We’re next door to CF Fertilisers; we have BP now who are strong buyers of hydrogen in the area; we’re surrounded by Mitsubishi; we’ve got Seqens pharmaceuticals right next door, and so on. There are dozens.

We are in touch with the Teesside Local Authority now who are helping us identify dozens of potential offtake customers, not simply for combined heat and power but for things like hydrogen, synthetic natural gas or even biofuels, other types of biofuel. So what we did was we went back and re-ran the financial models, we had somewhere around 22 different scenarios that we ran for this and what we are now looking at is how we can have a multi-use facility. The combined heat and power plant would only take one third of the land that we have there in Billingham, surrounded by all those customers and so now what we've done is we’re looking at how to make that a multi-use facility. We’re following that up and we’re discussing that…..”

[juju44] 28/5/2022 17:01

LSE note on Wesleyville looks promising

[juju44] 27/5/2022 19:37

5 million sell after the close . Amati still spoiling the party

[stevea171] 24/5/2022 13:41

From Aandi, LSE:
Revenue expected to be coming include projects in Greece, USA, UK, France.

Projects in the pipeline under the Greek JV-
Source, company RNS’s & info from RollonRetirement’s Eqtec archives



1MW Livadia 1, Boetia, Greece- mixed agricultural waste (financial close due now)
1MW Livadia 2, Boetia, Greece- mixed agricultural waste (at due diligence stage)
5MW Nevrokopi, Drama, Greece- forestry waste (financial close targeted for Q3 2022)
0.9MW Nobilis, Almyros, Thessalia, Greece- olive pumps (under development).

Wilseyville 3MW. A meeting regarding the majority of the financing being paid to Bluemountain electric is due in June some time (total loans from US state department and Carbon tax credits = $32m.

Can’t guarantee that F/C there will happen in June but remain optimistic for that event happening sometime this year.

The 3 UK RDF projects are expected to generate revenue before the end of the year.

SEPS SAS, Revel, Haute-Garonne, France (under development).

4 plants under construction: Italy, Croatia, North Fork, USA, Larissa, Greece.

[stevea171] 24/5/2022 12:06

Belisce MDC Croatia. Cosmi is also the contractor here for engineering and construction as at the Italy MDC. EQT must have confidence in them and they will be hoping to impress to get further work in the region on new installations in the coming years.

[stevea171] 23/5/2022 13:46

This from the 2021 Annual Results Q&A on the Investor Meet website,

Q18: To investors, it appears that eqtec is being held back from reaching Financial close on big projects like Billingham or Deeside due to owner operators not committing funds. What are they waiting for?

As announced on 13 December 2021, the Company elected to defer financial close for the Billingham and Deeside Projects in response to the new opportunities for both projects – particularly for offtake. The Company contended then that both opportunities deserved further exploration and focused its efforts on reviewing, modelling and assessing them, toward expansion of even greater positive impact for local communities and additional value for all stakeholders. That contention has proven well founded, and the Company is advancing both projects toward realisation of different models for offtake. Further announcements will follow in due course.

The Company also confirmed that both the Billingham and Deeside projects are part of the portfolio currently under review by a range of large-scale infrastructure investors and owner-operators for potential funding, commercial operation, or both.

Having said that, project finance for large-scale infrastructure projects is always a challenge, especially for early-stage technologies with limited but growing visibility. That reality is especially stark in the current market environment. To address this situation, EQTEC has taken a number of steps to more rigorously pursue project investors, including engagement with a wide range of large-scale, real asset investors, hedge funds and early-stage technology investors; closer engagement with banks in EQTEC target markets; closer engagement with public-sector policy bodies and public-sector finance; appointment of a dedicated, public-sector funding lead to ensure EQTEC pursues all available grants and/or loans available for innovative technologies, especially in the renewables sector; and targeted recruitment of talent for a dedicated ventures and investments team.