React Energy Share Discussion Threads

[troutisout] 02/12/2016 23:50

"This funding is being achieved through agreements already signed with
Specialized in the energy sector and published through Relevant Fact at the
market:
- Ethika funds from the United Kingdom and Kyotherm in France to finance the
Newry project in the United Kingdom.
- Energy China with the global agreement for the financing of projects at the
Global and preferred for projects in the UK."

[troutisout] 02/12/2016 23:48

Together with this from the above excerpt,the bottom piece suggests Newry to me,

"- An agreement has been concluded for funding for the repowering of
Newry project that will impact billing mainly in 2017."

"Short-term priorities.
At present, efforts are focused on finalizing the last tranche of funding for
The part of equity that is needed to close Ready to Build projects in which
EBIOSS has a pre-agreement.
In the short term, EBIOSS requires 8.2 M € to start building:
- € 3.8 million project in Thailand.
- € 3.6 million project in the United Kingdom.
- 1 M € two projects Croatia"

[troutisout] 02/12/2016 23:41

It's not just China Energy funding their expansion,

"On the other hand, the signing of the agreement allowed EBIOSS Energy to reduce its needs
Expected future capital to execute its international pipeline, thanks to the strength of the
Financial and easy access to the financing of the new Energy China partner.
In any case, after reaching the agreement, EBIOSS Energy has made available to the
A part of its portfolio of projects worth 258 million
Most of which are located in the UK.
It is appropriate to mention that the agreement with Energy China is not exclusive, but is
A further line of internationalization of the company. EBIOSS continues for this
Working on other projects and with other partners in parallel with the activity with
Energy China"

[troutisout] 02/12/2016 23:36

cliveas,

The translations aren't great but this from their half year report suggests so, I would like to see Ebioss acquire REAC for their AIM listing and biomass plants, they could hive off the wind turbine sites.

"Geographic expansion and opportunities in the UK.
The Company has continued to strengthen its position in the UK market thanks to the
Agreement reached with REACT Energy Plc, through which it obtained the exclusive
To use its EGT EQTEC Gasifier Technology in gasification projects
Which is currently under development REACT in the UK and Ireland.
Due to the saturation of landfills in the United Kingdom, 3
Million tonnes of RDF to other countries such as Germany, Sweden and the Netherlands for
Disposal by incineration at an average cost of 120 pounds per ton. The cost
Of this activity is about 400 M € per year, which can be reduced by half
With the construction of gasification plants.
EBIOSS's UK RDF plant construction business model is two
Sources of income for plants:
- Income from the sale of energy at market price without subsidy.
- Income for the destruction of RDF called Gate Fee.
These two sources of income estimate an expected minimum return of 18% on
Of the project without the need for government subsidies, which makes it very
Attractive investment for potential investors. With this, EBIOSS is in
Negotiations with different investment funds to participate in the development of the Project pipeline in the UK, as was the case of Ethika Capital and Kyotherm
(Newry Biomass project) among others.
Of these projects has been made a group of the best projects in the Kingdom
Which was made available to Energy China last June.
- The financing and construction of the Belisce 1 plant in Croatia was closed for
The Intel Trade customer. Its turnover is reflected in 2015 and 2016.
- An agreement has been concluded for funding for the repowering of
Newry project that will impact billing mainly in 2017.
- In addition to strengthening its position in the UK, during the first six months of 2016 projects have been increased in the global review of the
Financial and technical study for its feasibility.
Financial report
1st Semester 2016"

[cliveas] 02/12/2016 17:42

Trout surely React but be on the menu in the near future?!

[cliveas] 25/11/2016 14:11

Claycross must surely be on their shortlist!

[rodrod1] 27/10/2016 11:52

sudden interest in REAC.....something on the way? Trout will know if there is :)

[troutisout] 13/10/2016 10:03

Simon and John Best were Directors in Newry Biomass Ltd (which at one point was called Carnmeen Energy), they are now looking to develop a large business park adjacent to the site of the Newry Biomass plant. look at the comments about how it would be carbon neutral run by onsite renewable energy provision......




"PLANNING APPLICATION SUBMITTED FOR ALL-ISLAND BUSINESS CAMPUS

Friday 22nd July 2016

A major new business park which would provide high-quality office and retail space in Newry has taken a step forward this week as Carnmeen Developments, a locally owned development company, submitted an outline planning application for approval.

The Newry North Business Park application features more than 1m sq. ft. of office, light industrial and retail space at a site located 4km from Newry City centre.

The campus is set to be developed on lands designated for industry and employment in the Newry and Mourne Area Plan and would have the capacity to employ over 4000 people when fully operational.

This proposal represents the largest business investment campus constructed in Northern Ireland by the private sector.

Simon Best, Director of Carnmeen Developments, said: “Our vision for Newry North Business Park is a strategic all island facility which draws on the advantages of Newry’s central position within the east coast corridor equidistant between Dublin and Belfast, and within a one hour catchment of 3 million people. Our plans include Grade A office space to accommodate research and development, business services, supply chain and distribution.

“We want to work in partnership with the adjacent and recently developed Invest NI land reserve and to offer a competitive cross border opportunity for the co-location of front office activities with manufacturing and supply chain services.”

Mr Best continued: “This site will be carbon neutral, powered by on site renewable energy provision and connected to Newry City centre by direct road access from the A1 as well as cycle and greenway connections. Newry’s central position and proximity to both Belfast and Dublin presents a unique opportunity to encourage international investment in the area. We look forward to engaging with Newry and Mourne District Council and the local community with a view to making this vision a reality.”

A decision on the application is expected within 6 months."

[timbo] 11/10/2016 22:16

Indeed! I can't believe I didn't even check EBIOSS site for their take on it! Thanks for the update folks...

[troutisout] 11/10/2016 21:43

cliveas,

Spanish press must have read the Ebioss News release, however 6.3 billion euros is being a little optimisitc....

[cliveas] 11/10/2016 21:34

Spanish press!

11/10/2016 -
MADRID (EP). Ebioss Energy has signed an agreement with React Energy and institutional investors in the UK and France to begin development of the repowering of the plant biomass gasification for the production of electrical and thermal energy owned by Newry Biomass, a subsidiary React, located in Northern Ireland, for a total amount of about 11 million euros, the company informed the Alternative Stock Market (MAB).

Late last year, the group announced the sale to Newry Biomass equipment EGT (EQTEC Gasifier Technology) worth 4.96 million euros. Also, through this agreement, the subsidiary Ebioss gasification Energy, EQTEC Iberia, would be responsible for the construction of the plant, through a contract 'turnkey' (EPC) , which will bring 6.3 billion euros billing additional estimates.

The agreement provides that the total funding required for the repowering project is provided by Ethika Capital , a company belonging to Ethika group specializing in investment projects in the field of waste gasification and in the health sector, as well as the background French Kyotherm SAS, specializing in investment projects biomass, geothermal energy and energy saving projects.

[timbo] 11/10/2016 08:37

Thanks Trout

[troutisout] 11/10/2016 08:08

Hi Timbo,

Looking at the names of the potential investors I think they have come from Ebioss, rather than REAC. Ebioss haven't raised all their funds yet and we still have Clay Cross and potentially Enfield to go. Ebioss have loaned €750k to REAC and also must have some interest brewing from the equipment delivered to Newry early this year.

I still expect them to get more involved, using their China Energy agreement.

At the moment though watching for the planning application for the business park at Newry as this will give us something to push expansion of output.

[timbo] 11/10/2016 07:46

Does this imply that EBIOSS didn't want to make the investment themselves?

[cliveas] 11/10/2016 07:23

Heads of Agreement

Potential Financing of Newry Biomass Repowering



REACT, the renewable energy developer and operator focused on the production of clean energy in the UK and Ireland, today announces that it has signed conditional Heads of Agreement with several parties to potentially fund, through a combination of equity and debt, the repowering of its 4MW biomass gasification project located in Newry, Co. Down, Northern Ireland ("Newry Biomass").

Newry Biomass is owned by Newry Biomass Limited ("NBL") and is a joint venture with Farmer Business Development plc ("Farmers"), the Company's 23.2% shareholder. NBL is a 50.01% subsidiary company of REACT.

The Heads of Agreement envisage a total investment of up to £11.2 million to be made both directly, and indirectly through REACT, into NBL, through a combination of debt and equity. If an agreement is concluded, the equity component of the investment is to be provided by a sub fund of The Ethika Fund SICAV Plc, a Professional Investor Fund ("Ethika"), and Kyotherm SAS a France-based equity investor in biomass, geothermal energy and energy savings projects. Under the terms of the Heads of Agreement, Ethika is also to procure the debt finance for the repowering.

The terms of the Heads of Agreement between the parties are legally binding, however, are subject to the completion of, inter alia, legal, financial and technical due diligence, which is yet to commence and is expected to take approximately 60 days, and therefore may change from that set out in the Heads of Agreement. There can be no guarantee that definitive agreements will be concluded on the terms currently envisaged or at all, or on the timetable envisaged.

There is the possibility that that the equity component of the investment may require, inter alia, shareholder approval, however this will not be known until the conclusion of the due diligence exercise. In the event, shareholder approval is required, the Company will prepare and send the necessary documentation to shareholders to convene a general meeting of the Company to approve the proposals.



Background to Newry Biomass

As previously announced, planning permission for a waste to energy plant converting 25,000 tonnes per annum of wood was received by NBL in May 2009. However, due to underperformance of the original technology, a decision was made to repower the project with a new technology and with a new technology provider.

On 31 December 2015 the Company announced that it had entered into an agreement with Spanish MAB-listed EBIOSS Energy AD ("EBIOSS") to purchase its EQTEC Integrated Biomass Gasification Power Plant, with a power output of 4MW, which, subject to completion of the above investment, NBL will use in the repowering of the project. Farmers, EBIOSS and its subsidiary, EQTEC Iberia SL, are therefore also parties to the Heads of Agreement.

The repowered plant will convert wood into electricity using EQTEC gasification technology, a form of advanced thermal treatment of waste where the carbon-based material in the waste is converted into a gas that is passed through a gas turbine engine to produce electricity.

[troutisout] 21/9/2016 19:19

Well as stated before Ebioss look to be working a funding round, first the research note 10 days ago and then a slew of positive RNSs (3 in 3 successive working days), wait and see what they raise and then wait to see their next step.

"September 16, 2016
In accordance with the provisions of Circular 15/2016 of the Alternative Investment Market through this is available to the market the following information on EBIOSS Energy, AD:
Subsidiary EBIOSS Energy, Biomass Distribution, has obtained the certificate in order to work and license commissioning (Act 16) of its pelletizing plant in Stroevo, Bulgaria, after making the commissioner and have successfully completed the formalities required by the government of Bulgaria.
The plant has a capacity of 6 tonnes per hour and represents an investment of approximately 3.6 million euros.
We remain at your disposal for any clarifications deemed appropriate.
Sincerely,


September 19, 2016
In accordance with the provisions of Circular 15/2016 Alternative Market
Bursátil through this is available to the market the following
EBIOSS information on Energy, AD:
EBIOSS Energy has signed the final contract for electrical connection with the company EVN
its plant in Karlovo in Bulgaria.
After various changes in the Energy Law in 2015 that forced EBIOSS
to proceed in the different changes in the infrastructure of the plant, the Company
I had to start again a long legal-legal process with Bulgarian Administration
and renegotiate terms with the EVN power company, acquiring the
energy produced.
With the adaptation of the plant and the contract signed, the Company will start the
commissioner for obtaining Act license to work and commissioning
operation estimated for the last quarter of 2016.
We remain at your disposal for any clarifications deemed appropriate.
Sincerely,


September 20, 2016
In accordance with the provisions of Circular 15/2016 Alternative Market
Bursátil through this is available to the market the following
EBIOSS information on Energy, AD:
EBIOSS Energy subsidiary, TNL has signed a contract for supply and installation of
underground tank for Urban Solid Waste equipment worth 1,623,818
euros with the Portuguese company Valorsul.
This contract adds to the portfolio of orders signed so far by the
Company TNL, amounting to 8.1 million euros and impact,
mainly in billing the coming years 2016 and 2017.
Valorsul is the company responsible for the treatment and recovery of about
950,000 tons of municipal solid waste produced per year in 19 municipalities
Metro West Region of Portugal.
We remain at your disposal for any clarifications deemed appropriate.
Sincerely,"

[rodrod1] 14/9/2016 15:49

1.5m is a massive volume of late. Lots have escaped today - possibly in ignorance of what awaits us from Ebioss.

[troutisout] 14/9/2016 09:36

Morning Lots of activity today, I do hope people are reading the Ebioss note above, for snippets like this,

"and a partnership with REACT Energy plc has been signed in the UK to use Eqtec
Gasifier Technology (EGT) exclusively on its projects for which the first order was accepted in December
2015. Driven by its supply security shortage, positive regulatory framework and numerous opportunities, the
UK is becoming a strategic priority for the company"

"The €7m debt issuance achieved by the company in 2015 has allowed the group to maintain its international
development and project pipeline, although it only represents 43% of the €16m the group had in mind for this
purpose."

"Following approval from the extraordinary shareholders’ meeting held on 16 February 2015, the Board of Directors
authorised the issuance of debt up to €30.6m in the next three years, with the short-term objective to issue €16m of bonds
focused on financing growth, the level required to continue with the group’s business plan.
Any delay in the issuance of new debt to finance the group’s business plan would have a negative effect as it would hinder
the group’s positioning in multiple investments as some projects require a deposit before being accepted and some others
require capital to enter as a minority shareholder (between 5% and 10%)."


"The current low interest rate environment, added to the ECB initiative to give away money almost for free, translates into the
best opportunity for Ebioss to raise the required capital to finance all of its different growth projects."

"Following the Gowex scandal, Ebioss and three other companies have requested to be withdrawn from the MAB exchange to
be traded on Madrid (Bolsa de Madrid). In order not to be identified with such an unrelated issue, Ebioss is considering the
possibility of either a double listing or full transfer to either the Paris or London exchanges. Foreign trading will not only
attract additional investors but will also help the group regain the investor confidence lost in the MAB scandal.
At the general meeting of Ebioss Energy held on 13 February 2015 a resolution was adopted for the shares of the company
to be admitted for trading on the alternative stock market in Paris, France (Alternext) or on the alternative stock market in
London, United Kingdom (AIM) via either a private placement, and/or a dual listing."

Remember this is all about Ebioss but it can be seen that the UK market and a possible AIM listing are at the top of their requirements.......

[rodrod1] 13/9/2016 09:12

trout - many thanks for sharing your thoughts. Bombed out share price for sure but quite content to wait for Ebioss to make me an offer!

[troutisout] 13/9/2016 09:06

You can currently buy 750k (1% of the issued share capital of the Company) for £25.6K at 3.39p a share.

To say this is unloved is such an understatement, it resembles a true basket case, yet for some reason I remain positive about it.

Further to my post above I don't rate the Management here one bit, hence the desire to see the Company sold.

However there are always signs that my research and thoughts might not be that far away from what is happening. This is a paid for research note dated the 10th September 2016. My guess is Ebioss are looking to raise more capital via bond raises and this has been published to help that. Also if you read it, it is very positive about Ebioss and it's future, but for REAC holders/investors read all about the UK becoming a strategic market for them, look to at the comments about the MAB index and the desire and shareholder vote that was passed to list either on Paris alternative market or on AIM.

Joining the dots and then seeing this written (with the help of Ebioss) can only strengthen the dream. We'll have to wait and see......

[troutisout] 12/9/2016 09:10

Hi Clive,
You are looking at the investment to build out the plants, but I am hoping for more than that, I would like to see Ebioss actually buy REAC and then build out with their Chinese partner.
The reason is simple, there are a huge amount of holders here that are trapped, the debt for equity swap means there are tens of millions of shares looking for an exit, any good news on progress would see a corresponding sell off and for an illiquid share like this that would mean like now we would not be valued correctly. It would be a long haul with an underperforming share price as good news and any rising share price was countered by sellers.

If Ebioss made a move for the whole Company, they could get their AIM listing and also benefit from previous tax losses. REAC could either split away with the Reforce Energy and GG Eco assets as a stand alone or Ebioss could sell them on.

This would be my ideal scenario, but I will take the Biomass plants being built out and and upfront expenses being repaid to REAC.

Trout.

[cliveas] 12/9/2016 07:40

Trout see my post 28/08 they are looking to invest 200m in the UK in tandem with the chinese.

Matter of when not if and how much imho.