Share Name Share Symbol Market Type Share ISIN Share Description
Eqtec Plc LSE:EQT London Ordinary Share IE00BH3XCL94 ORD EUR0.001
  Price Change % Change Share Price Shares Traded Last Trade
  -0.07 -4.37% 1.53 61,248,966 16:35:29
Bid Price Offer Price High Price Low Price Open Price
1.50 1.55 1.69 1.525 1.65
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 1.43 -3.03 -0.08 110
Last Trade Time Trade Type Trade Size Trade Price Currency
17:07:39 O 3,000,000 1.52 GBX

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Eqtec Daily Update: Eqtec Plc is listed in the Alternative Energy sector of the London Stock Exchange with ticker EQT. The last closing price for Eqtec was 1.60p.
Eqtec Plc has a 4 week average price of 1.53p and a 12 week average price of 1.02p.
The 1 year high share price is 3.17p while the 1 year low share price is currently 0.15p.
There are currently 7,207,912,190 shares in issue and the average daily traded volume is 49,133,398 shares. The market capitalisation of Eqtec Plc is £110,281,056.51.
davidblack: Text from that link above EQTEC CEO: 'Companies like us are becoming the prize' Jonathan McNair 2:38 PM 02 March 2021 inspiratia recently caught up with David Palumbo, CEO of the advanced gasification specialist EQTEC to talk about project plans, the cleantech frenzy in public markets, and unsolicited proposals from infrastructure funds It has been a busy time of late for EQTEC, with planning approval granted for its 25MW Billingham, UK, waste-to-energy plant at the end of January, following on from its acquisition of a similar development project in Deeside, Wales in December. On the back of that deal, the company also last month inked a cooperation agreement with land developer Logik Developments – which sold it the Deeside site – under which the pair will partner on a future portfolio of energy-from-waste plants in the UK. And it was on this topic where Palumbo was keen to highlight the importance of such relationships. "In the case of Logik, they are strategic land developers. This is a group that is very credible in their market and with strong relationships with blue-chip parties from the funding side," he says. "We know of many sites that may have planning, or that could not have been executed before. Now we can go to Logik and say, 'could you take a look at that land deal, and we will take care of the technical side'. "They are then able to go pitching for a deal, with EQTEC as a technology partner…for us it becomes another good pathway to growing our pipeline that makes EQTEC more interesting for owners-operators of these types of site." Operating record This latter point is also understood to be poised to play a part in the company's near-term strategy, with the news of the Billingham progress coming with mention of ongoing talks with a European waste-to-energy specialist over the potential provision of construction finance. Turning that relationship into a concrete partnership with capital deployed into EQTEC's projects would not only be another vote of confidence for the company, but also for the growing niche but commercially robust position it occupies as an international company within the sustainable part of the waste-to-energy market. Advanced gasification as a technology has experienced a history filled with a number of false-starts but, as he detailed in his appearance on inspiratia's Joint Venture podcast last year, Palumbo is focussed on making his company among the first to properly break through with its proven and patented technology and solutions for sustainable waste-to-energy projects. A key way to do this is to accrue a firm track record of successful operations (to date, four commercial plants have been built and are using EQTEC's advanced gasification technology) and it is setting itself apart as not only an advanced gasification technology innovator but one that leads or resources project funding, integrating technologies, engineering (mechanical, electrical, civil), procurement, construction management, commissioning and O&M. Plus, the company is approaching engineering, procurement and construction contracts in a customised, package-driven approach rather than through one partner, not only creating local jobs but supporting the best local businesses for the work, too. "We have advanced discussions with a European owner-operator of energy-from-waste for district heating infrastructure, and the reason why we are interesting is that they're very progressive, they understand that gasification in the past has not worked but they are impressed with the fact that we have operating hours at the level that we have and the end-to-end project capabilities," says Palumbo. "What makes them speed up the relationship with us is the fact that we have the pathway to a pipeline. We can say to them that we have the gasification technology that can deliver the right operating hours and the right business case for them, but in addition to that there is £300-400 million worth of infrastructure that they could own." Aside from those kinds of partnerships, there are other options currently occupying Palumbo's inbox, although ones that may not be taken up in the immediate future. It will surprise few of you reading this that there is currently a lot of capital in the market for infrastructure opportunities and, according to Palumbo, advanced gasification is one of the sectors on the radar of investors. "The interesting thing now is companies like us are becoming the prize," he says. "We now have one or two calls, if not more, a week which are unsolicited approaches from infrastructure funds saying they've got £400 million and want to invest in infrastructure. "Or it's a family office saying they like what the company's been doing and want to invest, when is the next round? Or a company saying they are invested in another technology which is complementary to ours. "Now we have more alternatives than ever; we can invest directly in projects, we are now of a size of market cap that we could look to use our own balance sheet to finance the small projects but also provide the relevant insurance-backed warranties to secure competitive funding for the larger projects." Retail hype But it is not only the specialist investors who are eyeing this space. One needs only to casually glance at business pages at the moment to spot the huge upswell in IPOs, share issuances, and the share prices of almost all the already-listed cleantech or sustainable energy companies. At the extreme end you have the bloating of Tesla's share price, seemingly sustained by an online fan-base of devotees buying ever more shares even as the price rises. It would not take long to search around social media (particularly on Twitter and Reddit) to find this phenomenon in action, and it has existed for long before the recent GameSpot machinations that exploded into the mainstream. Others also want in on the action it seems, and the current favoured ploy is to conduct an IPO through a merger with a special purpose acquisition company (SPAC), with groups like hydrogen truck specialist Nikola Motor and the Indian solar and wind IPP ReNew Power among the high profile names to have gone down this route. As an already-listed company, EQTEC too has experienced this wave of attention as retail and institutional investors seek to climb on board the sustainability mega-trend. On top of this, these investors are often not merely passive pot-builders, despite usually being part-time traders. "We've developed a really good following; they reach out from all channels and introduce us to local government [for instance]," says Palumbo. "They are true advocates of the company. "The small investor has many more platforms to be heard through social media, some of which were not there before. Now they have the tools to quickly organise and we are seeing the rise of the 'stakeholder investor' which we believe is of particular importance in our sector." Hydrogen One area that has been attracting huge attention, on both social media, in the SPAC space, and pretty much everywhere else within the investment community, is hydrogen. And this is a segment that EQTEC could potentially pivot into given the syngas it produces in its plants is rich in hydrogen which could be extracted for use in a variety of applications. But this is perhaps something that could come a little further down the line for the company. "I'm usually quite tame about our own capability in hydrogen, because I think there's too much of that noise in the market already," says Palumbo. "I think it is really 10-years-plus before the market is anywhere near to this being a strong business case. [But] between 40-45% of our syngas, depending on feedstock, is hydrogen and separating the hydrogen is something we have done, we know how to do. "[But] we say that it is not mature enough a market and we already have a significant and growing pipeline For now, EQTEC is firmly focused on its core markets and developments either in construction or being developed to that stage. These are in mainland Europe and Ireland, where plant and agricultural waste biomass takes precedence, in the UK – where three RDF from MSW plants are in development – and one venture in California for waste forestry wood. And there is additional pipeline in those markets, looking further ahead. However, with the pace that various trends are moving within the clean energy and wider sustainability spaces, and as countries flesh out net zero targets with ever more detail, other opportunities cannot perhaps be ruled out. And the gathering synergies between various renewable technologies – as we have seen with offshore wind and hydrogen, for instance – will certainly be an area to observe with interest over the coming months and years.
skinny: Long Term Incentive Plan and Share Allocation. All Employee Long-term Incentive Plan and Allocation of Incentive Shares EQTEC plc (AIM: EQT), a world leading gasification technology solutions company for sustainable waste-to-energy projects, announces the adoption of the EQTEC All Employee Long-term Incentive Plan (the "LTIP"), effective as of 11 February 2021. The LTIP is a core part of the Company's new approach to business planning, performance management and employee incentives and is designed to drive individual and team performance in line with Company performance, thereby creating value for shareholders while minimising cash outlay. All Company Executive Directors and employees are eligible to participate in the LTIP. Any awards made under the LTIP will comprise zero-cost share allocations ("Incentive Shares"). 60% will vest providing the relevant individual is employed by the Company as of the vesting date, subject to no notice of termination, disciplinary proceedings or similar, and in the view of the Board, fulfilling his/her responsibilities to the highest possible standards. The remaining 40% of Incentive Shares will vest provided the relevant individual has met the aforementioned employment conditions and, in addition, a Company-wide performance condition. The condition will be set annually by the Board against one or more of the Company's priority financial targets. In respect of these Company performance allocations, there will be a minimum or 'threshold' achievement that must be obtained to qualify, with a 'straight-line' calculation of award up to a maximum level. Both types of Incentive Shares will be allocated annually and, subject to the above vesting conditions would vest over three years. For example, the 2021 share allocation would vest in three equal instalments on 1 May 2022, 1 May 2023 and 1 May 2024, following announcement of the Company's annual results. All vested awards are subject to a lock-in period, whereby any new ordinary shares of EUR0.001 each issued ("Ordinary Shares") cannot be sold for two years from vesting for Directors and Heads of Function, or 12 months for all other employees. Awards are further subject to certain malus and clawback provisions, at the Board's discretion. On 11 February 2021, the Board approved the terms of the LTIP and the maximum allocation of 30,524,234 Incentive Shares at a price of 2.20p, representing a 5% premium on the closing, mid-market share price on 10 February 2021. 22,342,416 Incentive Shares have been newly allocated in aggregate for employees of the Company who are not Directors, with 8,181,818 Incentive Shares newly allocated in aggregate for Director, Jeffrey Vander Linden. In addition, David Palumbo and Yoel Alemán, Directors of the Company, have agreed that the Company's obligation to issue them new Ordinary Shares pursuant to the subscription arrangements (the "Subscription Arrangements") announced by the Company on 9 July 2020 for the period 1 July 2020 - 30 June 2021 will be replaced by Incentive Shares, subject to the same vesting conditions as outlined above. The maximum number of new Ordinary Shares that can be issued from these allocations on vesting would be 11,111,111 and 9,445,379 respectively, which is the same number of Ordinary Shares that would have been issued pursuant to the Subscription Arrangements, thereby creating no additional dilution on vesting and the potential for less dilution, should the vesting conditions not be achieved. Going forward, all executive Directors and employees will be on standardised LTIP structures and the LTIP is the Company's sole, long-term incentive programme. There will be no further issues of warrants under the employee incentive warrant programme announced on 31 March 2020, whereby the Directors were issued with, in aggregate, 472,725,148 warrants to subscribe for new Ordinary Shares from a March 2020 warrant pool of 590,906,437. The Company has a total of 658,210,979 employee related warrants and options outstanding. Assuming the maximum number of new Ordinary Shares were issued pursuant to the Incentive Shares allocated today (being 51,080,724 new Ordinary Shares, albeit only 30,524,234 of these shares represent additional dilution, due to the cancellation of the Subscription Arrangements), the Company would have 709,291,703 employee-related dilutive instruments outstanding, representing 9.09% of the Company's then enlarged issued share capital. Ian Pearson, Chairman of EQTEC, commented: "The implementation of EQTEC's All Employee Long-term Incentive Plan demonstrates the Company's commitment to attracting and retaining top talent who are invested in the long-term future of our business and in our role in Cleantech. This standardised framework for incentivising EQTEC's people is built on a new robust performance management framework that will drive common focus and individual excellence toward delivery of the business plan, aligning performance with enhancing value for our shareholders while minimising cash outlay. I view these approaches as additional support to EQTEC's platform for sustainable growth and performance in 2021 and for years to come."
skinny: Notice of EGM. Notice of Extraordinary General Meeting EQTEC plc (AIM: EQT), a world leading gasification technology solutions company for sustainable energy-from-waste projects, announces that an Extraordinary General Meeting of the Company will be held at the registered office of the Company at Building 1000, Citygate, Mahon, Cork, Ireland on Wednesday, 17 February 2021 at 10.00 a.m. (the "EGM"). The business of the EGM will be to consider and, if thought fit, approve certain resolutions (the "Resolutions") which are necessary to effect a technical change as to how, and where, the electronic settlement of trades in EQTEC's shares occurs. The need for this technical change arises as a consequence of the United Kingdom's departure from the European Union ("Brexit") and it will not alter where EQTEC shares are quoted or traded. The change affects all Irish companies whose securities are listed or quoted and traded on the London Stock Exchange and/or Euronext Dublin. Background to the EGM Trades in EQTEC's shares on AIM are currently settled via the CREST System, which is based in the UK. As a consequence of Brexit, the settlement system for trading in the Company's shares needs to move from CREST to Euroclear Bank in Belgium ("Migration"). Migration is expected to occur on 15 March 2021 as part of a market-wide migration of all Irish securities. Approval of the Resolutions is necessary to enable the Migration of the Company's shares. There is no meaningful alternative to Migration and failure to migrate would remove the Company's access to electronic trade settlement. This would place the Company's ability to retain admission of its shares to trading on AIM and, importantly, a market for its ordinary shares, at material risk. Therefore, the Board is recommending that all shareholders support the Resolutions proposed at the EGM by voting in favour of them or appointing a proxy to do so on their behalf. Details for how to vote are set out below. A circular which includes the Notice of the EGM (the "Circular") and a Form of Proxy have been posted to shareholders today. The Board strongly urges shareholders to review the contents of the Circular in their entirety, including the documents referred to therein, and consider the Board's recommendation to vote in favour of the Resolutions. The Circular, the Form of Proxy and copies of the documents referred to in the Circular are available to view on the Company's website at and will be available for inspection during normal business hours on any business day from the date of this announcement, until the EGM, at the registered office of the Company. However, due to COVID-19 public health guidelines, shareholders are strongly recommended to view the documents on the Company's website. Public Health Guidelines and the EGM The wellbeing of stakeholders, in particular our shareholders, colleagues and service providers, is a primary concern for the Board. Due to the ongoing restrictions on gatherings and travel, save for very limited purposes, under the regulations and the guidance issued by the Government of Ireland and the Department of Health in Ireland relating to COVID-19, the EGM will proceed under very constrained circumstances. It is expected that the EGM will only be able to proceed with the minimum number of shareholders required to establish a quorum, i.e. that at least three persons holding (or representing by proxy) at least one third in nominal value of the total issued share capital of the Company are in attendance. Shareholders are therefore requested not to physically attend the EGM but instead to appoint a proxy to ensure they can vote and be represented without attending in person, and to ensure that there is a sufficient quorum present (in person or by proxy) for the EGM to validly proceed. Voting Proxy voting can be carried out in advance of the EGM by choosing one of the following options: -- by electronic means by accessing; -- by returning a Form of Proxy by post; or -- via the CREST System, where shares are held in CREST. For further instructions on voting by proxy, shareholders should refer to the Form of Proxy and the notes to the Notice of EGM. Proxies must be received by no later than 10.00 a.m. on 15 February 2021. If shareholders wish to listen live to the proceedings of the EGM, the Company will be providing a webcast facility, further details of which are set out in the Circular. To facilitate secure webcast access to the EGM, the Company requires shareholders to request access by email to, by close of business on 12 February 2021. Shareholders will still need to submit their Form of Proxy by the relevant deadline before the EGM as it will not be possible to vote using the webcast facility. Shareholders may submit questions in advance of the EGM in writing by emailing questions to no later than 10.00 a.m. on 15 February 2021. All correspondence should include sufficient information to identify the shareholder on the Register of Members. All resolutions at the EGM will be decided on a poll and the results will be published on the Company's website,, and via the Regulatory News Service, as soon as possible after the conclusion of the EGM. Further information The Company continues to monitor the impact of COVID-19 and any relevant updates regarding the EGM, including any changes to the arrangements outlined in the Circular, will be announced via the Regulatory News Service and will be available on the Company's website, . In the event that it is not possible to hold the EGM either in compliance with public health guidelines or applicable law or where it is otherwise considered that proceeding with the EGM as planned poses an unacceptable health and safety risk, the EGM may be adjourned or postponed or relocated to a different time and/or venue, in which case notification of such adjournment or postponement or relocation will be given in accordance with applicable law.
crosschris: "Until EQTEC proves itself, it remains a highly speculative investment with extreme share price volatility. Yet, I think it looks like it’s in the right place at the right time and its share price could see considerable upside in the coming year. I’m tempted to invest a small amount but realise there’s considerable risk in a stock like this. It doesn’t have a history of paying dividends, so this is purely a growth stock and not an income play";url=
hiddendepths: In case anyone's interested:- EDUCATION MARKETS SIMULATOR YOUR MONEY ADVISORS ACADEMY Technical Analysis GUIDE TO TECHNICAL ANALYSIS What Is a Hammer Candlestick? A hammer is a price pattern in candlestick charting that occurs when a security trades significantly lower than its opening, but rallies within the period to close near opening price. This pattern forms a hammer-shaped candlestick, in which the lower shadow is at least twice the size of the real body. The body of the candlestick represents the difference between the open and closing prices, while the shadow shows the high and low prices for the period. KEY TAKEAWAYS Hammers have a small real body and a long lower shadow. Hammers occur after a price decline. The hammer candlestick shows sellers came into the market during the period but by the close the selling had been absorbed and buyers had pushed the price back to near the open. The close can be above or below the open, although the close should be near the open in order for the real body to remain small. The lower shadow should be at least two times the height of the real body. Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation. What Does the Hammer Candlestick Tell You? A hammer occurs after a security has been declining, suggesting the market is attempting to determine a bottom. Hammers signal a potential capitulation by sellers to form a bottom, accompanied by a price rise to indicate a potential reversal in price direction. This happens all during the one period, where the price falls after the open but then regroups to close near the open. Hammers are most effective when they are preceded by at least three or more declining candles. A declining candle is one which closes lower than the close of the candle before it. A hammer should look similar to a "T". This indicates the potential for a hammer candle. A hammer candlestick does not indicate a price reversal to the upside until it is confirmed. Confirmation occurs if the candle following the hammer closes above the closing price of the hammer. Ideally, this confirmation candle shows strong buying. Candlestick traders will typically look to enter long positions or exit short positions during or after the confirmation candle. For those taking new long positions, a stop loss can be placed below the low of the hammer's shadow. Hammers aren't usually used in isolation, even with confirmation. Traders typically utilize price or trend analysis, or technical indicators to further confirm candlestick patterns.
stevea171: BMNSA. Yep, and a lot to look forward to in the coming months. I think it's highly likely Wood Group is in negotiations right now with EQT to ink a collaboration agreement which would be massive for Eqtec. 5/10/2020. AWARD TO WOOD FOR AN INDEPENDENT TECHNOLOGY AND MARKET REVIEW HEADS OF TERMS FOR A POTENTIAL STRATEGIC COLLABORATION David Palumbo, CEO of EQTEC, commented: "I am delighted that EQTEC has appointed industry leader Wood to complete the independent technology and market review and signed a heads of terms to explore the potential for future collaboration, to help to accelerate bringing EQTEC's advanced gasification technology to waste to energy projects across the globe. Through partnerships like these, EQTEC would be efficiently leveraging one of the largest and most respected global engineering players to improve significantly the knowledge and exposure of EQTEC's technology to international businesses and accelerate the global growth of its short and longer term pipeline of opportunities." Carl Sykes, Energy Transition Director for Deltasource (Middle East Branch), commented: "The award of this scope to Wood is the first step in an intended collaboration process that is expected to move significantly the dial with respect to the conversion of potential projects to profitable energy-to-waste assets in an environmentally friendly way. As specialist investors in and advisors to the natural resource and energy sectors, we are highly sensitive to the various factors that underpin an investable project, a robust plan, a predicable execution and safe, low carbon, sustainable and profitable asset operation. We will also bring intimate knowledge of the Middle East landscape and local energy market dynamics." EQTEC plc (AIM: EQT), a world leading gasification technology solutions company for waste-to-energy projects, is pleased to announce that, following a comprehensive tendering process, it has awarded an independent technology and market review to Wood Group UK Limited ("Wood"). The Company has also signed non-binding heads of terms with Wood and Deltasource (Middle East Branch) ("DS MENA") (the "Heads of Terms"), with the intent of entering into a non-exclusive strategic collaboration to help ensure the effective deployment of EQTEC technology into the global energy-to-waste sector. EQTEC has selected DS MENA, an integrated investor and multi-discipline advisory partner engaged in the capital development and operation of energy assets, to provide an effective tripartite approach, jointly with EQTEC and Wood, to source, develop, structure and de-risk future potential projects using EQTEC's technology. Highlights · Following a comprehensive tendering process with many of the leading global engineering players, EQTEC has awarded Wood, a global engineering and consultancy company, a contract for an independent technology review and market review. · The scope of work for Wood comprises an independent review of EQTEC's advanced gasification technology with key focus on the Group's 6 MW power plant in Movialsa, Spain, that has continued to operate successfully for over nine years with over 125,000 independently audited hours of operation, and its application to a wide range of mixed waste fuels. In conjunction, Wood will also be completing a market review, assessing the potential for the effective market penetration of EQTEC's waste gasification technology solutions considering waste type, availability, regional policies and regulations and capital cost comparisons. These two reviews are expected to be completed during Q4 2020 and the Company will make a further announcement at the appropriate time. · Pursuant to the Heads of Terms, EQTEC, Wood and DS MENA have agreed to enter into discussions scoping the details of the potential agreement to collaborate in a structured manner and share potential benefits as new developer consortiums progress technical feasibility studies through to full project definition, final investment decision, and start up. · EQTEC has an evolving business model that targets making effective use of this type of collaborative agreement, which helps to maintain a low internal cost base and a success-based collaboration that harnesses local and sector expertise and global reach and aligns interests to help ensure maximum value is delivered. · EQTEC expects that a collaborative agreement such as the one envisaged would help ensure that the Group will be in a strengthened position for entering potential future projects at the equity level with an enhanced knowledge of the financial and non-financial risks of each potential project and the return on equity expectations for EQTEC shareholders and wider stakeholders. · Wood has a long standing waste-to-energy capability and will develop clarity of potential applications of EQTEC's technology. Engagement with EQTEC and other technology companies allows Wood's experts to be better informed when engaging with clients, while supporting the development of technologies and projects which will drive the energy transition. · The team at DS MENA brings deep knowledge of the full spectrum of elements that impact the commercial, funding and execution ability of energy project developments that embrace the transition to a cleaner, lower carbon and more sustainable energy economy. DS MENA is also expected to provide an efficient channel for Middle East project opportunities and local partnerships through one of its local associated companies, DS MENA LLC.
gb904150: The closest thing to a mention of hydrogen with EQT has been this: hTTps:// hTTps:// No update on that from EQT yet so I expect it's due to COVID delays. I'd hope for news on commissioning Q1 2021 and then results from using it later in 2021. If the news is positive it is extremely bullish for the share price Suddenly we would be a bit more like PHE but with our technology more proven and with actual revenues coming close behind.
davidblack: Another “Award” for success with more to come from Sharetalk HTTPS:// Stock number 10 EQTEC (EQT): Ready For Deployment The Green Revolution dream clearly gave momentum to proprietary advanced gasification technology group EQTEC. But the reason for the relatively high placed inclusion in the top 20 of 2020 was the “rug pull” provided to the bulls by Aries Clean Energy’s US patent infringement claims. For some reason stock market cynics complained regarding the close proximity of the £10m placing earlier in July and the legal run in. However, all of this proved to be a buying opportunity in the stock from below the 0.5p level, something which would have been rewarded by the stock doubling by the end of the year. What was noticeable is that the Fintwit crowd were almost unanimously backing the buy the dip idea, hence also backing the idea of the inclusion of EQTEC at number 10 in the hit parade. In terms of newsflow the recent highlight has been EQTEC awarding an independent technology and market review to Wood Group and a non-binding heads of terms with Wood and Deltasource to help ensure the effective deployment of EQTEC technology into the global energy-to-waste sector.
davidblack: Whilst clearly EQT has moved sharply it needs to be remembered it went through that £100m mark which fund compliance often sets as the minimum cap required. So some of the buying is likely to have been from waiting funds who wanted Billingham de-risked and that market cap threshold passed. Both those events happened in the last few days and with a desperate shortage of credible ESG growth stocks Eqtec is an easy purchase for a fund manager to make. As to this share consolidating, certainly its going to happen, but as to whether its here or much higher we are going to have to wait and see. That 3p target mentioned a couple of days ago as being the stocks current value doesn't seem quite so crazy any more. With 351 million shares traded today, or more than 5% of the issue, that will have cleared out a lot of cobwebs! Also DP might well surprise with an announcement? Aren't we expecting an RNS re the technology review or maybe something on Southport? EQTEC PLC Agreement for Southport Hybrid Energy Park Project, 7 September 2020 Co-Development and Option Agreement for Southport Hybrid Energy Park Project, Southport, Merseyside, UK EQTEC plc (AIM: EQT), a world leading gasification technology solutions company for waste-to-energy projects, is pleased to announce it has signed a Co-Development and Option Agreement (the "Agreement") with Rotunda Group Ltd. ("Rotunda") and its subsidiary Shankley Biogas Ltd. ("Subsidiary" or "SPV") in respect of the Southport Hybrid Energy Park project (the "Project"). Highlights -- EQTEC and Rotunda enter into an agreement to jointly develop a waste management project, to be held in a Project SPV, which EQTEC has the option to acquire. -- EQTEC will be responsible for contributing 100% of the development costs pre-financial close (currently estimated at c.GBP500,000) and receive, at financial close, a return on the funds invested in the form of a development fee, no less than two times the funds invested by EQTEC. -- Rotunda has the option to participate in the Project's development capital and receive a proportional fee. -- Rotunda will receive a consideration of GBP100,000 from EQTEC, pursuant to the Agreement, in consideration for the exclusive option for EQTEC to acquire the Subsidiary, which will be treated as a development cost of the Project. -- The exclusivity period will be for 12 months and can be extended by mutual agreement of the parties. -- Under the Agreement, EQTEC will seek additional planning permission such that EQTEC's advanced gasification technology can be applied to the Project to make it capable of converting over 55,000 tonnes annually of refuse derived fuel ("RDF") waste, which would be created by the proposed plant and otherwise destined for landfill or incineration, generating an estimated additional 6-8MW of 'green' electricity. -- EQTEC estimates that the additional capacity for the thermal conversion of waste, utilising the Group's advance gasification technology, has the potential to generate additional revenues for the Project SPV of c.GBP70 million in electricity sales and, potentially, up to GBP15 million in heat sales over a 20 year period, and save over GBP80 million in disposal costs. David Palumbo, CEO of EQTEC, commented: "I am delighted to announce this exclusive partnership to develop the hybrid energy park in Southport, Merseyside, UK, which underlines EQTEC's strategy of engaging in partnerships with strong local players in energy infrastructure which are already in advanced stages of the planning and permitting process, and where EQTEC can add value with its proven, proprietary and patented advanced gasification technology and solutions. In this way, EQTEC can significantly improve both the environmental impact and the economics of many traditional waste-to-energy facilities, whilst potentially delivering attractive returns to EQTEC and our shareholders. "EQTEC recently raised GBP10 million to focus on developing projects like this, which have the potential to provide local communities and companies with a credible and commercially attractive alternative to landfill and incineration for residual municipal and commercial waste with much less of an environmental impact, whilst creating local jobs. EQTEC is selectively growing its pipeline of potential projects in the UK, as well as internationally, to help ensure that it can deliver attractive risk adjusted returns for our shareholders and wider value to stakeholders." EQTEC signed a Memorandum of Understanding ("MOU") with Rotunda, the owner of a plot of land at Watts Industrial Estate, Crowland Street, Southport, Merseyside, which currently has planning permission for a waste recycling facility, an anaerobic digestion facility, and 9MW of electrical generation with 2MW of battery storage (the "Project"), exporting 11MWe to the grid annually. The Project has qualified for the UK Government's Renewable Heat Incentive Scheme. After completing its initial due diligence, EQTEC has entered into the Agreement pursuant to which Rotunda has granted the Company exclusivity to enter into a potential transaction wherby EQTEC can obtain full ownership of the Project from Rotunda via EQTEC's acquisition of the Subsidiary. In consideration for the granting of exclusivity, EQTEC will pay Rotunda GBP100,000, which, should a transaction be completed, will be deducted from the final purchase price for the Project. The exclusivity runs for 12 months and can be extended by mutual agreement. The proposed purchase price for the Project is GBP382,000 (GBP282,000 net). In addition, the SPV will lease the land from Rotunda for a period of 23 years with a potential five year extension, whereby the lease fee (approximately GBP400,000 per annum) will be set up as a profit share agreement. Any such transaction will be subject to further due diligence, definitive agreements and funding. The existing planning permission for the Project provides for the construction and operation of a waste management facility for municipal, commercial and industrial waste for 80,000 tonnes of annual residual waste, an anaerobic digestion plant, biogas injection into the National Gas Transmission System and 9MW electrical generation with 2MW battery storage, and to sell 11MW to the grid. Under the Agreement, EQTEC will now seek additional planning permission such that EQTEC's advanced gasification technology can be applied to the Project to make it capable of converting o ver 55,000 tonnes annually of RDF waste, which would be created by the proposed Project plant and otherwise destined for landfill or incineration, generating an additional 6-8MW of 'green' electricity. EQTEC estimates that the additional capacity for the thermal conversion of waste, utilising the Group's advance gasification technology, has the potential to generate additional revenues for the Project SPV of c.GBP70 million in electricity sales and ,potentially, up to GBP15 million in heat sales over a 20 year period, and save over GBP80 million in waste disposal costs. EQTEC and Rotunda have been in initial discussions with the local authority, which, in EQTEC's view, has been supportive and is keen to have such infrastructure as an alternative to incineration technologies. EQTEC believes that the proposed Project, if financed and constructed, subject to entering into definitive agreements, and with the addition of EQTEC's advanced gasification technology, would significantly lower the environmental impact of large local industrial users, whilst potentially enabling these industrial users to make significant energy cost savings and creating new jobs during construction and once in operation. Ricky Watts, CEO-Owner of Rotunda, commented: "Rotunda secured planning on the proposed Project site some time ago and we have been looking for a partner who can deliver and operate a waste-to-energy facility to our high standards and bring employment and expertise to the local area. EQTEC's advanced gasification technology has the potential to significantly improve the environmental and economic impacts of this Project for the benefit of the local community and large industrial energy users alike. Together with EQTEC, we look forward to continuing to work closely with all local stakeholders to help ensure this project secures additional planning and gets built."
scrutable: PARAGUAY. "Is this move driven by rampers or a resolution of US patent dispute?"? It's not a matter for thought but of inevitability, once the law agrees . Share prices tend to move in trend channels until the business experiences a discontiniuty -eg an accident or change of economic situation, or a technical or innovative breakthrough etc etc , each of which diverges from the predictable path of the share price in between the 'tramlines', to spike in a direction dictated by the type of change ' Theory suggests that the spikes always retrace by the Fibonacci ratio of around 40%, though I don't find that to be exactly true - perhaps it is so, more often than not. Otherwise one can be more often right than wrong by 'seeing' a sticky oscillation all the while as equilibrium between buyers and sellers trend inside the 'tram lines' towards extremes of overbought ,then oversold. I hope that that makes sense to non-mathematicians. It certainly improves investment results as soon as one realises how important is the timing of the purchase. EQT is now certainly overbought and I assume will inevitably soon retrace by around 0.15p befor restoring its upward path. Most peeps beieve as I do that it is a 'Cinderella' share - out of sight, unloved, for eight years, processing olive wastes, whilst municipalities etc preferred to export our rubbish to poorer parts of Asia. grossly undervalued with a x10 - X100 bagger potential once th excution risk is removed. EQT still has to install a plant the size of Billingham and demonstrate it without Sod's Law interfering the happy future we all expect of it.
Eqtec share price data is direct from the London Stock Exchange
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