Member Info for Cliveas

UK RDF Opportunity · Refuse Derived Fuel (RDF) is waste produced by shredding and dehydrating municipal solid waste, after all recyclable elements have been removed. This fuel can then be used to generate energy · RDF vary in composition and level of treatment. UK regulator requires “some treatment” of waste to be qualified as RDF but no specific level of treatment required · RDF offers high calorific value: on average 4,000 kcal/kg depending on the percentage of organic matter · Calorific value of RDF comparable to calorific value of lignite coal and superior to brown coal · Incineration poses environmental problems · Gasification significantly reduces adverse environmental effects · Refuse Derived Fuel (RDF) is waste produced by shredding and dehydrating municipal solid waste, after all recyclable elements have been removed. This fuel can then be used to generate energy · RDF vary in composition and level of treatment. UK regulator requires “some treatment” of waste to be qualified as RDF but no specific level of treatment required · RDF offers high calorific value: on average 4,000 kcal/kg depending on the percentage of organic matter · Calorific value of RDF comparable to calorific value of lignite coal and superior to brown coal · Incineration poses environmental problems · Gasification significantly reduces adverse environmental effects Uk Market · Lack of domestic incineration and gasification capacity is forcing UK RDF to Europe incinerators · These leads to losses of gate fee revenues for the UK economy · EBIOSS gasification technology is the most efficient way to convert RDF to energy. This technology gap will allow us to offer more attractive gate fees than competitors · We will position ourselves as the most attractive disposal route for RDF · BREXIT: exit from the common European market could potentially increase the cost of exporting RDF to Europe, thus increasing our competitive advantage · Domestic EfW capacity is expected to grow over time. Entering the market now will allow us to lock in favorable long-term contracts · No dependent on governmental subsidies on electricity · Exports of RDF from England went from zero in June 2010 to 600,000 tons in January and February of 2016. For the whole 2015 UK exported 3 million tonnes. · Export of waste from the UK was allowed by the UK’s Environment Agency in 2010 · Large majority of RDF going to Germany, Netherlands and Sweden · Lack of capacity to utilize RDF in the UK is the main driver behind the trend · EBIOSS has currently an agreement with Energy China for project financing of 75% of the total project value. Additionally Energy China is committed to provide the 50% of the equity · EBIOSS has relationships with different international funds

They have plenty to reverse into React! All good here buy and hold but dyor. From Dec 2nd : Ebioss Energy, through its subsidiary EQTEC Iberia, has been selected by the company Reliable Energy Solutions for the construction of two gasification plants Derived Fuel Waste (RDF for its acronym in English) from municipal solid waste (MSW) , For the production of electrical and thermal energy in the Yorkshire region. Both plants represent a combined investment of more than 147.28 million euros (124 million pounds), according to the company reported Friday. These projects expand the Ebioss Energy portfolio in the United Kingdom, where the company will develop, along with Energy China, two other gasification plants in the same area. 'Catfoss' and 'Hull' will add up to 32 MWe of electrical power and treatment capacity of up to 172,000 t / y of MSW, with an investment of 170.6 million euros (146 million pounds). New projects The new Ebioss Energy projects in the UK are 'Seal Sands' and 'Melton Hull'. Both plants will add a combined electrical power of up to 31 MWe and a combined treatment capacity of 187,000 tons per year of MSW. The first project, called 'Reliable-Seal Sands' , is located near Newcastle. It will have an electrical power of up to 16 MWe and a treatment capacity of up to 96,000 tons of RSU per year. 'Seal Sands' means a total investment of approximately £ 76 million (£ 64 million), which will be funded entirely by Reliable Energy Solutions. The second project, called 'Reliable-Melton Hull', located in the town of Hull, will have an electrical power of up to 15 MWe and a treatment capacity of up to 91,000 tonnes of MSW per year. 'Melton Hull' is an investment of 71.28 million euros (60 million) pounds, equally financed by the client. Both projects will be developed by EQTEC Iberia, in charge of providing the EPC and implementing its EGT (Eqtec Gasifier Technology) technology, within the framework of the strategic agreement that Ebioss Energy has with the Chinese state-owned company Energy China. The terms of the agreed collaboration between the parties are legally binding and are subject only to the procurement by the client project financing. These two projects total a total investment of 124 million pounds. Following the conditions established in the binding agreement, Ebioss Energy subsidiary EQTEC Iberia will be responsible for providing the EPC, in cooperation with Energy China, which has already received a Letter of Interest for the execution of both projects, and To implement its EGT (Eqtec Gasifier Technology) technology. The cooperation with Energy China is part of the strategic partnership agreement signed between both companies. These agreements have materialized thanks to the internationalization effort that the company is carrying out in the United Kingdom.

Buys 300k & 400k Hitting with a long way to go yet imho ! GL

Picking up again over 2m traded! Nice consolidation earlier and 6p+ next target. Big things in the pipeline for react!!!!

Resistance is futile LOL! All there for all to see where this is heading and MM are short of shares!

Last paragraph needs to be highlighted : "In the event that it is approved by the shareholders meeting React, this transaction will accelerate our portfolio of gasification projects in the UK, through a listed vehicle in this market, which is a boost to our business development " Has stressed Leiva.

All you need to know about their intentions for React! EBIANS EBIOSS ENERGY 01/13/2017 - MADRID (EP). Ebioss Energy has taken steps to become a European company and facilitate its process of geographic expansion and international growth , as reported Friday the company based in Bulgaria. Specifically, the company has sent to the Stock Market Alternative Market (MAB) a call for an extraordinary general meeting of shareholders for next February 13 or in the second call for February 28 in which it will approve its conversion into a European corporation. Thus, the group legal and administrative paves the way to enter operations in all countries of the European Union with the ultimate goal of promoting industrial growth , international expansion and strengthen its geostrategic position. With the new company name, it is guaranteed with the right to be able to transfer its nationality to another country of the European Union and to enter any European market of an industrial or financial nature to operate in it immediately. "Ebioss Energy is going to take a very important step in its career as a company. Being a public limited company at European level will open us many more doors and allow us to have faster access to other European markets, where we will develop many Our projects, "said Ebioss Energy president Oscar Leiva. With this measure, Ebioss Energy manages facilitate procedures to maintain its growth as a company in countries like UK , and key strategic market for the development of your business plan. Recently, the group of Spanish origin has announced several contract firms, subject to due diligence, to develop several plants in the United Kingdom such as Newry (Northern Ireland), Newcastle and Hull (England). These are gasification plants of urban waste and biomass, which transform waste into electrical and thermal energy. Moreover, Ebioss Energy continues the process to gain control of the company React Energy Group . This Irish company, listed in the AIM of London, has convened an extraordinary shareholders meeting on February 6 to approve the conversion of the debt that the group Ebioss Energy has in 78,210,000 new shares of the Irish firm, reason why the Spanish group would control 51% of this company. The debt, which amounted to 5,150,226 euros, was contracted by React - through its subsidiary Newry Biomass - on the occasion of a purchase of gasification equipment formalized with Ebioss Energy on December 31, 2015 for the development of Projects in Newry (Northern Ireland), where the group of Spanish origin develops the first of its plants in this market. "In the event that it is approved by the shareholders meeting React, this transaction will accelerate our portfolio of gasification projects in the UK, through a listed vehicle in this market, which is a boost to our business development " Has stressed Leiva.

Still think they are lurking here but are being mopped up in the large volume of trades. Think MM are relying on this supply but are still caught short as seen by inability to buy at pressure points in trading. When seller is gone this could really pop but news is due at least after the Egm when Ebioss take over the reigns and we learn of their future plans. GL.

Are off and if the chart is correct target of 15p on the cards. GL

Are eating swiftly into any overhang! Its clear that this SP is artificially low because of the seller. Once gone the rerate will come and with news then north it will go! GL.

Agree last weeks news was a game changer and a half but it has been on the cards for a while. We are now seeing unprecedented volumes of trades with liquidity being provided by the two sellers that have now cleared. SP is being suppressed by someone selling into the buys,as to whom this is I await an holdings RNS to confirm.As to their motives perhaps being controlled by Ebioss is not on their agenda?. I expect volume and interest to continue up to the EGM but I am most excited to hear the announcement from the new CEO and BOD after the change of name as to their plans for the new entity (some of the agreed £330m waste projects to be reversed in?) claycross and enfield to be moved forward? Not far away on the 6th of Feb. The HOA could drop at anytime either before or after but they will have to get a move on as there is a deadline of 31st march 2018 to get it up and running as agreed with Ofgem.I am confident this will progress as Ebioss themselves introduced/arranged the funding. Knowing Ebioss plans for this company are going to bag the SP imho and would not be surprised if we got several bags once the full picture is known. As ever DYOR GL.

That was taken from RNS 11th Oct and even though we don't know when DD started now the reverse take over is agreed there is no reason it can't be all systems go as Ebioss introduced the funding. The t/o is to be completed by 06/02 so not hanging around and not long to go plus Ebioss have 330m of projects approved in the UK which will imo be channelled through the new company. Add into that Newry Claycross and Enfield and the sp will rerate at some point. Time to take your positions if you want to be in. GL.

Trout you compared the Ebioss t/o as similar to a placing at a premium. I agree except Ebioss will not sell a single share but hold them all to maintain their 51% control. Then they can get on with reversing their UK projects into the new company for starters! GL. (You may see new directors filling their boo6ts after 7th Feb!)

2 From November : SOFIA (Bulgaria), November 23 (SeeNews) - Bulgaria-based Ebioss Energy said it signed a deal with Energy China and UK-based Catfoss to build two waste-to-energy plants in the UK worth 146 million British pounds (170 million euro) in total. One plant, which will be located in Newcastle, will have 12 MWe capacity and will be able to process 72,000 tonnes of waste annually, Ebioss said on Tuesday in a statement on the Spanish alternative stock exchange MAB where it is listed. The investment in it is estimated at 53 million pounds. The other one, in Hull, will have 20 MWe capacity and will be able to process 120,000 tonnes of waste annually, as the investment is expected to add up to some 93 million pounds. Of the total investment in both plants, 25% is equity financing and 75% is project financing provided by a financial entity designated by Energy China. Of the total equity in each project, 51% will be provided by Chinese investors, as 20% will come from Energy China and 31% from a Chinese financial investor, a further 20% will be provided by the project developer, and 29% by Ebioss or an investor designated by Ebioss. In May, Ebioss Energy said it has signed an agreement with China Energy Engineering Corporation (Energy China Group) on the joint implementation of gasification projects in UK, China and other markets. Ebioss has made available to Energy China Group for joint analysis part of its project pipeline worth a total 258 million euros ($287.5 million), it said at the time. For its part, Energy China is responsible for developing the projects on the basis of an Engineering, Procurement and Construction (EPC) contract and for helping raise at least 75% of the project financing through Chinese and international banks.

Only 1 MM below 5 now. Should get some press/analyst coverage and then we will really motor! GL.

Needs time to sink in but this is way undervalued now! I notice we have a new MM on board this am and expect more to follow as volume and story grows! GL.

So going to progress Reacts existing pipeline of projects and also use react as an investment vehicle for uk and worlwide projects and that appears to include the recent projects announced with funding from china. £330m in the uk alone!

EBIOSS Energy intends that the Company should remain quoted on AIM and may only vote their shareholding in favour of a cancellation from admission to trading on AIM if the independent directors of REACT (i.e. those directors that have not been nominated by EBIOSS Energy as their representative(s)) recommend such cancellation or if it is in connection with (a) an offer for the entire issued share capital of the Company made by a person other than EBIOSS Energy or its associates; or (b) the New Ordinary Shares are already or will be admitted to trading on an EU regulated market. As stated above, the Company has a number of projects at various stages of development, and the Directors believe that the development of these projects can be best progressed by funding and technology provided by EBIOSS Energy. The Directors believe that the investment by EBIOSS Energy to be a confirmation of its belief in both the opportunities in the renewable energy sector and also in the prospects for the Company generally. The intention is that REACT as a 51 per cent. subsidiary of EBIOSS will also act as an investment vehicle for the EBIOSS Group with the objective of investing in RDF gasification projects mainly in UK but also other countries worldwide. REACT will benefit from having opportunities to access to a pipeline of gasification projects in UK that have undergone a detailed process of due diligence and project structuring by the engineers and project developers within the EBIOSS Group. The current EBIOSS Energy project pipeline includes more than £330 million worth of potential projects in the UK alone and this pipeline is constantly being reviewed and added to by the EBIOSS team. REACT will be able to offer international visibility to the EBIOSS Group and specifically the EGT and act as a vehicle to access the financial markets in order to raise capital for investing with co- developers in appointed UK projects. In this regard, EBIOSS Energy is already in discussions with one Chinese based firm, Energy China, about becoming a co-developer of UK projects with the EBIOSS Group, which on completion of the Proposals is intended to include REACT. EBIOSS Energy has confirmed that, subject to the completion of the Conversion Agreement, it intends (but has no legal obligation) to consider and use all reasonable efforts to provide opportunities for the Company to participate in gasification projects which EBIOSS Energy or its associates may wish to advance in the United Kingdom. However, there is no legal obligation for EBIOSS Energy to provide such opportunities to the Company and as a result, EBIOSS Energy may develop gasification projects in the UK independently of the Company.

5m euros for 51% stake!!!!! Lots to take in but will they back in the four recent waste projects in to the new company? I think they will!

Significant Investment by EBIOSS Energy in REACT Energy Group and Notice of EGM HIGHLIGHTS · EBIOSS Energy has conditionally assigned the benefit of the €5,150,226 debt due to EBIOSS Energy from REACT's 50.02 per cent. subsidiary, Newry Biomass Limited ("NBL"), pursuant to the EQTEC Agreement (the "NBL Debt"), to REACT pursuant to the Settlement Deed · REACT has conditionally issued, subject to, inter alia, Shareholder approval, 78,210,000 New Ordinary Shares to EBIOSS Energy (the "New EBIOSS Shares") in lieu of cash settlement of the NBL Debt pursuant to the Conversion Agreement, which will result in EBIOSS Energy holding 51 per cent. of the Enlarged Share Capital of REACT · The New EBIOSS Shares are being issued at a price of 5.53 pence (the "Conversion Price"), which represents a premium of 47.5 per cent. to the closing mid-market share price on 9 January 2017 of REACT of 3.75 pence · As the Conversion Price is below the nominal value of the Existing Ordinary Shares of €0.10 each, the issue of the New EBIOSS Shares is therefore conditional on, inter alia, Shareholder approval of the Share Capital Reorganisation which will result in each of the Existing Ordinary Shares being divided into and reclassified as one New Ordinary Share of €0.001 and one 2017 Deferred Share of €0.099 · As the issue of the New EBIOSS Shares will result in EBIOSS Energy holding 51 per cent. of the Enlarged Share Capital of REACT, their issue is conditional on, inter alia, Independent Shareholder approval of the waiver of the requirements of Rule 9 of the Irish Takeover Rules that would otherwise arise on EBIOSS Energy to make a general offer to all Shareholders · At the EGM, the Company is also asking Shareholders to vote on the change of its name to EQTEC PLC · The Proposals are subject, inter alia, to Shareholder approval of the Resolutions, including the Whitewash Resolution, to be sought at the EGM, convened for 11:30 a.m. on 6 February 2017. A circular will be posted to Shareholders today convening the EGM (the "Circular")