Share Name Share Symbol Market Type Share ISIN Share Description
Eqtec Plc LSE:EQT London Ordinary Share IE00BH3XCL94 ORD EUR0.001 (CDI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.28 3,411,564 00:00:00
Bid Price Offer Price High Price Low Price Open Price
0.27 0.29 0.28 0.28 0.28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 7.71 -3.95 -0.08 26
Last Trade Time Trade Type Trade Size Trade Price Currency
09:35:01 O 259,680 0.2814 GBX

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Posted at 09/1/2023 09:19 by stevea171
EQT has 2 developments underway in Croatia with one MDC nearing completion.

Partner spotlight. Synergy Projects d.o.o. is a joint venture (JV) in Croatia between EQTEC and local partner, Sense ESCO d.o.o.

EQTEC provides development capital, commercial and funding support and technology & engineering services to the JV and Managing Director, Marko Slunjski toward qualifying and pursuing opportunities. Minority partner Sense ESCO brings a development team and local relationships to generate pipeline and drive projects to financial close and beyond.

The companies have been working together since 2015 and the JV was created in July 2021 to co-develop projects in Croatia, starting with two, in Belišće and Karlovaç, both with EQTEC Advanced Gasification Technology.

Sense ESCO was formed in 2014 by financial and technical partners from Croatia, Germany and USA as an energy project management and development company. With headquarters in Zagreb, Croatia, the team researches, designs, finances, implements, operates and maintains energy efficiency, renewable energy and biomass waste-to-energy projects in Southeastern Europe. Sense ESCO has developed and commissioned or sold a number of energy projects in the region, all with significantly positive returns on investment over five to 15 years and with strong energy savings.

Posted at 16/12/2022 15:01 by stevea171
From 22/11 RNS:
The new financial model approved by the Board of Directors and shareholders of Italia MDC currently forecasts revenues of c. €2.6 million and EBITDA of c. €1.0 million per year from COD through end of 2027.

The Company's share remains largely unchanged as the majority of its participation was through a shareholder loan, intended to be repaid with a bank refinance after COD. The updated capital ownership of the Plant is as follows: 

Investor ................Ownership share
Quainstone Limited ......... 48.25%
EQTEC Holdings Limited ..... 19.99%
MetalNRG Eco Limited ....... 15.88%
Pitcole Limited ............ 15.88%
TOTAL ......................100.00% 

David Palumbo, CEO of EQTEC, commented: 
"We are eager to get the Italia MDC up and running as another demonstration of EQTEC's technology in a live, commercial environment. We expect to see operational availability of 90% or more, as we have seen at the plant we commissioned in Spain over a decade ago. I am especially pleased that our fellow SPV Investors have supported additional investment to improve the Italia MDC's business proposition and are already looking at other opportunities to invest and deploy EQTEC's technology in other areas.

I look forward to sharing the news of mechanical and electrical completion, COD and operational performance of the Plant. We expect a busy programme showcasing the plant early in 2023, with a number of strategic and project investors interested to see the live operations."

Posted at 22/11/2022 12:25 by stevea171
EQTEC Italia MDC was expected to generate annual revenues of c. €2,000,000 and EBITDA of c. €750,000.
Now the forecasts are for revenues of c. EUR2.6 million and EBITDA of c. EUR1.0 million per year from COD through end of 2027.
So EQT gets the same share (20%) of a bigger pie.

New investment and resulting shareholding

To fund these additional investments, EQTEC Italia MDC Srl (the "SPV") has raised c. EUR 1.45 million through a combination of shareholder loans and equity from Quainstone Limited and the Company, each subscribing approximately for half of the amount, resulting in a change to relative ownership of the SPV. The Company's share remains largely unchanged as the majority of its participation was through a shareholder loan, intended to be repaid with a bank refinance after COD.
The updated capital ownership of the Plant is as follows:

Investor Ownership share
------------------------ ----------------
Quainstone Limited 48.25% +22%
EQTEC Holdings Limited 19.99% -0.01%
MetalNRG Eco Limited 15.88% -11%
Pitcole Limited 15.88% -11%
------------------------ ----------------
TOTAL 100.00%

Posted at 31/10/2022 08:18 by stevea171
31/10/22. EQTEC PLC R&D facility upgraded for hydrogen and RNG testing.


Yoel Alemán, CTO of EQTEC, commented:

"These tests are another important milestone for us in our technology innovation roadmap. As the demand increases for highly efficient and clean conversion facilities for hydrogen, RNG and advanced biofuels, and as industrial clients, utility companies and municipalities look for scalable, local-to-local solutions, EQTEC's capabilities with both air-blown and steam-oxygen gasification will allow us to offer a range of solutions that fit a range of business models. There are few, successful steam-oxygen gasification facilities in the world, and we believe our success with these tests puts us at the forefront of clean, waste-to-value capabilities. From a technical perspective, we were pleased at how smoothly the technology performed throughout. The data we gathered will allow us to fine-tune our proprietary process capabilities and we can look forward to applying the new knowledge to future testing for prospective customers."

Yann Rogaume, Professor and Head of the ERBE Team, commented:

"Hydrogen is the future of energy, and these most recent augmentations to the technology and automation will help us optimise hydrogen and advanced biofuels for a range of interesting tests and results. The syngas produced through EQTEC's technology can be used directly or easily transformed into hydrogen, methane or other biofuels, and from a wide range of fuels including biomass, RDF, plastics and others."

Posted at 03/8/2022 16:46 by stevea171
From Arden's Eqtec Note, July 2022.

Current progress and upcoming news flow

Significant project development underway, with more upcoming

In addition to its long-running Movialsa project in Spain, EQTEC currently has five projects under construction (Italia MDC in Italy, Belisce MDC and Karlovac in Croatia, Larissa in Greece and North Fork in USA) and a further 14 that are classified as under development (key among which are Billingham, Southport and Deeside in the UK, BMEC in the USA, and various other projects in France and Greece).

As projects under construction progress, EQTEC will generate revenues from these as they move through various construction milestones, from operations once these commence, and potentially from sales of its equity interests as it pursues its wider commercial strategy. Projects under development will also generate revenues as they move through financial close and EQTEC is able to expense its development service fees and technology sales to the project come through.

The company has an additional project pipeline of over 100 opportunities, highlighting the potential widespread acceptance and popularity of its syngas technology, while also representing very significant growth potential.

EQTEC Projects – Existing Commercial, Construction and Development
Project Country Status Feedstock Size Target Start-Up
Movialsa Spain Commercial operations Industrial waste 5.9MW Onstream

Italia MDC Italy Construction Biomass 1.0MW H2 2022
Croatia MDC Croatia Construction Biomass 1.5MW H2 2022
North Fork USA Construction Biomass 2.0MW 2022/23
Agrigas 1 Larissa Greece Construction Biomass 0.5MW 2022/23
Karlovac Croatia Construction Biomass 3.0MW 2023

Billingham UK Development Refuse derived 25.0MW 2025
Deeside UK Development Refuse derived 9.0MW 2024
Southport UK Development Refuse derived 9.0MW 2024
BMEC USA Development Biomass 3.0MW 2023/24
Seps Revel France Development Industrial waste 4.5MW 2025
Synnov France Development Biomass 6.0MW 2024
RDF/SRF Project 1 France Development Refuse derived 6.5MW 2025
Sligo Ireland Development Biomass 20.0MW 2026
Shannon Ireland Development Biomass 20.0MW 2025
Syngas Ireland 3 Ireland Development Biomass 20.0MW 2026+
Livadia 1 Greece Development Biomass 1.0MW 2024
Livadia 2 Greece Development Biomass 1.0MW 2025
Nobilis Greece Development Biomass 1.0MW 2025
Drama Greece Development Biomass 5.0MW 2025+
Source: EQTEC.

As part of its project development activities, EQTEC has also progressed the establishment of formal operating entities in its various jurisdictions in the EU, the USA and the UK. These give the company on the ground presence and expertise to support each of its projects, and could potentially represent saleable project-holding entities going forward as part of the company’s wider strategy.

Upcoming news flow from project progress, potential new partnerships Over the rest of 2022 the key news flow for EQTEC is expected to be around reaching financial close on a number of its projects, alongside the sale of stakes in some of the company’s project SPVs once these have reached an appropriate level of advancement.

Reaching financial close on additional projects will both release revenues for the company (helping underpin our forecasts), while also further demonstrating EQTEC’s ability to materially progress and realise value from its project development work. This could help persuade the market to attribute more value to the rest of the company’s development projects, and potentially some of its pipeline projects too.

In addition to reaching financial close on new development projects, some of EQTEC’s under-construction projects are also expected to reach commercial operations by the end of 2022, again demonstrating the company’s ability to execute on its projects and implement its wider commercial strategy.

Further, there could also be more progress on partnerships, particularly the Wood Group collaboration, and potentially addition of new partner names here. In our view, the partnerships established by other UK-listed peers (including Ceres Power with Bosch, Doosan, Weichai and Shell; and ITM Power with Linde and Snam) have been significant in helping progress those businesses and underpin share price performance, and we could see a similar effect for EQTEC as its activities here develop.


Posted at 22/7/2022 08:56 by scrutable
stevia. yes there will be.. Last year on the 19th July .So it's just a few days late :vide from the annual report "The Company will update shareholders in its Q2 update in summer 2022".

During the last four weeks EQT have poured OUT RNS thick and fast re 8 projects - some quite complicated - DP must have spent more than his normal working day to produce these IN SUCH A SHORT TIME.

RNS EQTEC PLC (EQT) Favourable Ruling for Acquisition of France MDC
18 Jul 2022 7:05 am
RNS EQTEC PLC (EQT) Resolution to grant planning consent at Southport
18 Jul 2022 7:00 am
RNS EQTEC PLC (EQT) Petrofac selected for FEED on Billingham Project
14 Jul 2022 7:00 am
RNS EQTEC PLC (EQT) Appoin of Black & Veatch on Deeside Project
7 Jul 2022 7/00am
RNS EQTEC PLC (EQT) Collaboration Framework Agreement with CompactGTL
04 Jul 2022 9:34 am
RNS EQTEC PLC (EQT) Wood Selected for Waste-to-Hydrogen at Southport
30 Jun 2022 7:05 am
RNS EQTEC PLC (EQT) Deeside Project Update and Extension to SPA
30 Jun 2022 7.00 am
RNS EQTEC PLC (EQT) Collaboration with Anaergia for Southport Project
24 Jun 2022 10.32am

Posted at 21/7/2022 11:30 by stevea171
Transcription of Proactive Interview (July 20, 2022) - QUESTION 3
Katie Pilbeam:
The placing, it’s clearly brought you some new capital, that’s the whole point. But it’s also had an adverse impact on the share price. How are you explaining the value of this placing to shareholders?

David Palumbo:
Sure. Well, in some way this placing is like any other. You know, it comes with strategic intent aligned to everything that we have promised to shareholders. It’̵7;s… Clearly, in the current market, you know a capital raise always, you know, upsets shareholders who have a concern about dilution, and particularly when you have such a depressed share price. But on the other hand, it’s very different than other placings, as we have, you know the previous two placings we have enjoyed strong appreciation from the previous placing, where now we have fallen hugely in terms of the valuation of the company but that’s been in line with the market. Most of the companies raising money in the current market are doing it at a fraction of the evaluation of the previous placing. We had to make a call if we wanted to slow down the strategy implementation that we’re doing, our strategy we believe is sound. Or, the demand still, you know, outstripping our capacity to deliver. So, we need to make call in terms of keeping the balance of raising the minimum amount of capital required to keep that momentum.

So, we believe that the placing was a a modest request. Although we understand very well that in this market any placing at any price is a big ask. The size of the placing was kept very small, compared to others. I mean, it’s less than ten percent of the market cap, even on [inaudible] valuation, and it serves to help maintain momentum, as we say. Nothing more. The return that we will see of this capital will be by being able to switch in the market development centers this year, use them as a showcase, also to help to catalyze, as we’ve said before, the project funding demand for infrastructure investors. There’s a lot of capital infrastructure looking for this type of asset but it’s very risk-averse capital. This is capital looking for you to have a footprint of real plants, operation and data. And then, you know, they are willing to fund a pipeline. So, this will help us to catalyze that as well, but also will help us in closing, you know, put in the resources required to closing all the deals in the U.S., in the UK, in France, Croatia and Greece, for us to deliver the financial close of more projects in our go-to-markets in 2023.

Another important thing to say, you know. I know it’s difficult, as we’ve said before, to be a shareholder of any company. Being in equities in the current market is pretty traumatic. But the fundamentals of us as a company are there. You know, we have the proven technology, we have the projects, and we are building the partners. So, as we attract more project finance, this will convert, and the world will see more EQTEC plants operating and the technology performing in ways that other companies that are just at the pilot scale wish they could. So, I think that with this happening the orders will continue to come. But more importantly, our platform will be in place to take on more projects. So, revenue will start becoming consistent, the share price will recognize that, particularly as we move back coming out of period of market volatility, also coming closer to the moment when we can start licensing the technology through these partners and licensing channels.

Posted at 18/7/2022 06:02 by skinny

EQTEC plc (AIM: EQT), a world-leading technology innovation company enabling the Net Zero Future through advanced solutions for hydrogen, biofuels, SNG and other energy production , is pleased to announce that it has selected Petrofac as its front-end engineering design ("FEED") contractor for its multi-technology, waste-to-energy project at Haverton Hill, Billingham, Teesside, UK (the "Project"). The Company and Petrofac (together, the "Parties") have signed a Letter of Intent ("LoI") to formalise their joint commitment to collaborate on the FEED and as potential EPC partner for development and delivery of the Project.

The Project

The Project site is in a heavily industrialised area, adjacent to major plant facilities and estates, including those of CF Fertilisers UK Limited, Seqens Group pharmaceuticals and many others. Through its wholly owned project SPV, Haverton WTV Limited ("Haverton"), the Company has secured all relevant permits and permissions to build a refuse-derived fuel ("RDF")-to-combined heat and power ("CHP") facility that would transform 200,000 tonnes per year of RDF into up to 25MW of electricity for export to the national grid, with the potential for creating up to 34MW of thermal energy. The Company has secured the contract for a grid connection and is also pursuing discussions with neighbouring companies about provision of private wire offtake.

The Company in December 2021 confirmed it was investigating new offtake opportunities for the Project and that it was working with partners toward feasibility work at both sites. As the RDF-to-CHP plant would utilise less than 40% of the total land to be acquired by Haverton, the Company earlier this year pursued additional work to consider how best to leverage the remaining land and increase the value of the Project as a result. Following full review of multiple financial models for the Project, technical feasibilities and updated site drawings, the Company and its partners are now considering a range of additional facilities including for hydrogen production, battery storage and/or hydrogen refuelling. All such options would be subject to further planning permission and agreement of future owners of the Project, which the Company intends to sell in whole or in part.

The primary focus of the Company now is collaboration with neighbouring industrial companies, partners and potential investors, toward finalisation of development options and of project finance that will enable progress toward financial close and deployment of EQTEC technology with others in a multi-technology facility. To enable the funding optionality and flexibility brought by the multi-technology approach, the Company also intends to apportion Haverton into multiple, special-purpose vehicles (the "SPVs").

FEED partner and potential EPC

The Company has been working with Petrofac since 2021, during which the Parties collaborated on pre-FEED work including a thorough review by Petrofac of EQTEC's technology. The Parties' collaboration culminated in a formal and robust proposal by Petrofac for provision of the FEED for the RDF-to-CHP facility. On the basis of this and Petrofac's experience as both an Engineering Services provider and EPC contractor, EQTEC have selected Petrofac to be the nominated FEED contractor for the project.

In the interest of pursuing project finance for the Project, the Parties have not set a formal start date for the FEED, so that prospective investors may be included in consideration of the various site designs. Petrofac has agreed to support the Company's efforts with engagement of funding candidates, in the interest of sharing its views on the delivery strategy, including procurement and integration risks and how it would mitigate them. Although the Company will appoint Petrofac for the FEED work, selection of the EPC partner would require approval of the SPVs' owners at the time of appointment. The Company believes Petrofac would be the leading candidate for the EPC work.


Posted at 14/7/2022 06:01 by skinny

Results of Placing, PrimaryBid Offer and Subscription

Directors' Dealings

Related Party Transactions

EQTEC plc (AIM: EQT), a world innovation company enabling the Net Zero Future through advanced solutions for hydrogen, biofuels, SNG and other energy production, announces that, further to its announcement of 4.50 p.m. yesterday (the "Launch Announcement"), it has successfully completed the Fundraising which is now closed.

The Fundraising has raised GBP3.75 million (before expenses) through the placing of 233,385,650 Placing Shares, subscription for 73,614,350 PrimaryBid Shares and subscription for 443,000,000 Subscription Shares, in each case at an Issue Price of 0.5 pence per share.

Capitalised terms used but not defined in this announcement shall have the meaning given to them in the Launch Announcement.

Related Party Transactions - Directors' and substantial shareholder participation in the Subscription

Yoel Aleman, David Palumbo, Jeffrey Vander Linden, Nauman Babar and Thomas Quigley, each of whom are Directors of the Company (the "Subscribing Directors"), have agreed to subscribe for an aggregate of 37,000,000 Subscription Shares at the Issue Price . The Subscribing Directors are related parties as defined in the AIM Rules. As a result, their participation in the Subscription are related party transactions pursuant to Rule 13 of the AIM Rules.

Altair Group Investment Limited ("Altair") has an existing holding of 1,634,091,107 Ordinary Shares in the Company representing 19.0 per cent. of the Company's issued share capital and, as such, is a substantial shareholder as defined in the AIM Rules . Altair has agreed to subscribe for 80,000,000 Subscription Shares at the Issue Price . As a result, their participation in the Subscription is a related party transaction pursuant to Rule 13 of the AIM Rules.

Accordingly, Ian Pearson, the independent director of the Company (being the director other than the Subscribing Directors), having consulted with the Company's Nominated Adviser, Strand Hanson Limited, considers the terms of the participation by the Subscribing Directors and Altair to be fair and reasonable insofar as the Company's shareholders are concerned.

On Admission, following the issue of the Subscription Shares, the interests of the Subscribing Directors and Altair in the Company's enlarged issued share capital will be as follows:

Subscriber Resultant shareholding % enlarged issued
share capital
Yoel Aleman, 185,791,970 1.98%
----------------------- ------------------
David Palumbo 60,809,627 0.65%
----------------------- ------------------
Jeffrey Vander Linden 21,560,914 0.23%
----------------------- ------------------
Nauman Babar 1,000,000 0.01%
----------------------- ------------------
Thomas Quigley 29,854,154 0.32%
----------------------- ------------------
Altair 1,714,091,107 18.27%
----------------------- ------------------

Admission and Total Voting Rights

The Company will make an application to London Stock Exchange plc for an aggregate of 782,657,286 Ordinary Shares, comprising 233,385,650 Placing Shares, 73,614,350 PrimaryBid Shares, 443,000,000 Subscription Shares and 32,657,286 Supplier Shares, to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings will commence on 19 July 2022. The New Shares will rank pari passu with the existing Ordinary Shares.

Following Admission, there will be 9,381,682,212 Ordinary Shares in issue. This number may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.

Following Admission, there will be 9,381,682,212 Ordinary Shares in issue. This number may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.

Posted at 30/5/2022 06:01 by skinny

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

Eqtec share price data is direct from the London Stock Exchange
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