Member Info for DerSack

"The first climate-neutral crematorium in Germany" (Google translation German => English):

https://www-welt-de.translate.goog/wirtschaft/article236678657/Bestattungen-Das-erste-klimaneutrale-Krematorium-Deutschlands.html?_x_tr_sl=de&_x_tr_tl=en&_x_tr_hl=de&_x_tr_pto=wapp

Yesterday afternoon COSMI SRL posted the following photo of the Croatian plant on LinkedIn:
https://media-exp2.licdn.com/dms/image/C4E22AQHf1iBHIC4_3A/feedshare-shrink_800/0/1654710542445?e=1657756800&v=beta&t=OsNs_pRXMCsPCHv0DV1bn4R9fpxf7er_5pCQTyEGRmI

and tonight COO Jeffrey (Jeff) Vander Linden commented as follows:

"High quality partners at high quality plants in high quality markets. What could be better!"

You can literally feel the joy of success :-)

Wow, jabberba, ...

You don't know the correct spelling. OK. But you don't even know the currency in which the books are kept. Pounds, euros, dollars, it doesn't matter, as long as millions. You just add two big sounding numbers to get an even bigger number and say so much money was burned in five months without even knowing what happened to the money.

And even better: You can already make a fairly accurate forecast for revenues in 2022. You say we remain below GBP 10m. Contrary to what you're saying, the BOD was expecting to triple revenues from 2021 in 2022 when asked only a few days ago (which would mean a rise from €9m to €27m).
Maybe Eqtec should fire the gentleman who made his way from PwC via Mott Macdonald and Woodlands Energy Services to their finance department and ask you before they answer such questions next time.

I think you have no idea what you're talking about and are just throwing out some numbers to confuse people. What I can't answer is why.

This is a growth company. One of the things it does is spend money to get more out of it. And of course you spend more than you take in in this context in the beginning (Cash on the bank it will not become more by itself.). Otherwise you wouldn't have to borrow it or raise funds, you wouldn't even have to issue shares at all.

If you look closely, you will notice that expenses are offset by a large position in assets on the books. Labor costs last year were only around three million. No lifestyle Ferrari or anything like that.

I am wondering why you are seriously coming to one of the few aim stocks that is making notable revenues and is even expected to be one of the very few green stocks that even make a profit this year and your first two posts are questioning the technology and conjecturing a placing.

Your favorite Bidstack stock is down 95% in the last 3 years, 50% this year alone. Better go back and contribute your expertise there. They need it. Or are you just looking for a cheap entry here? If so, better buy some eqt now, before we have sp-parity either way, soon. :-)

Currently there is the new and only bridging loan. It was only half used. If more money was needed, it would be available there.

According to the Q&A after the AGM a few days ago they will have revenue from all three UK flagships in H2. In addition, there will certainly be a financial close in Wilseyville. And probably more.

So: rather no.

It would be nice if you would inform yourself at least to some extent before setting up such theses. This question has been discussed here more than once enough. Thank you.

Alcoops, I haven't seen $400k at Wilseyville, but there was a "Wilseyville, California" thread by RollonRetirement (started 24.02.2022).

Taken from RollonRetirement's initial posting:

"Construction will be complete, and the facility will be operational in 2023."
"Project partners are in the final stages of securing funding and construction will begin in 2022."
"Total Project Cost: $32,899,462"
"The additional funding required for construction will be provided by Phoenix Energy from sources including a $25 million United States Department of Agriculture-backed loan and $7 million from the sale of tax credits."
Project Tasks and Deliverables Timeline
Procurement of Materials April – July 2022
Site Prep and Grading April – July 2022
Mechanical, Electrical, Plumbing July 2022 – February 2023
Various Pressure and Loop Checks February – March 2023
Plant Hot and Cold Commissioning February – April 2023
Estimated Project Completion Date June 30, 2023

Taken from a later posting in the same thread:

"Page 4, Blue Mountain Electric Company have received a $1M grant from California Department of Forestry & Fire Protection ('Cal Fire') for the 3MWe Wilseyville project"

So in total this should already be well funded and waiting for financial close :-)

... As David Paloumbo , CEO of EQTEC, characteristically states, the decision to invest in the Greek market is of strategic importance, as our country is an ideal field of action aimed at the green transition, utilizing cutting-edge technologies and practices that have been successful. tested abroad. It is worth noting that EQTEC is a world-class technology provider that has recently grown rapidly with new subsidiaries and joint ventures around the world, developing similar energy and biofuel projects with a 100 Megawatt pipeline.

Respectively, according to Gert Kromark , General Manager of ewerGy, the investment in Livadia is part of the wider plan of activity of the German company in the Balkans. As a company specializing in waste-to-energy projects, we believe in green and clean energy. This project can be an excellent example of a cyclical economy, improving the environmental footprint and promoting the "green agenda" of the Recovery Fund.

Financing
It is worth noting that the favorable status offered by the Recovery Fund plays an important role in this investment, as the consortium is already "running" the integration processes in it, in collaboration with Grant Thornton , who has taken on the relevant advisory role, in fact having international cooperation with EQTEC. Respectively, in the part of financing there is cooperation with Optima bank, which has undertaken the relevant procedures. According to the schedule, the whole project, including the approval by the Fund, the disbursement of the money and the completion of the relevant construction work is expected to be put into operation within 2023, strictly adhering to the relevant schedules. Finally, it is noted that the certification of the project has been undertaken byTÜV HELLAS subsidiary of TÜV NORD, which also cooperates internationally with ewerGy."

Thanks to user Suneel at the T-Channel next doot for finding this:

https://www-cnn-gr.translate.goog/oikonomia/sustainable-news/story/314534/diethnes-endiaferon-gia-ta-prasina-erga-toy-tameioy-anakampsis?_x_tr_sl=el&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp

Google translated Greek->English:

"Under the microscope of international giants in the energy sector are a number of "green" projects of the Recovery Fund .

The great demand for the development of actions related to the green transition , the desire for the adoption of innovative technologies, but also the competitive cost of money - through the utilization of the loan part of the Fund - create the conditions for attracting international investors who "see" significant opportunities in the country. us.

In fact, as the majority of these projects utilize state-of-the-art technologies and require know-how acquired and tested abroad, attracting (and) foreign investors is in fact a one-way street for their timely and proper implementation.

On the other hand, domestic financial institutions and consulting companies that are directly involved in the design and financing of the relevant investment proposals welcome these initiatives, which can be an example for both Greek as well as for other international companies.

"Green" investment of 7 million euros in Livadia
A typical example of the above practices is the investment of 7 million euros regarding the construction of a gasification unit in the area of ??Livadia.

This is a "green" investment, which is part of the practices of the circular economy and is carried out by the consortium Synergy Aegean SA , in which the German company ewerGy GmbH and the multinational listed company EQTEC PLC participate in the London Stock Exchange . This project, called Synergy Livadiahas a capacity of 1 Megawatt, while there is an exclusive agreement for another project of the same capacity in the area. Respectively, the construction - turnkey - will be carried out by the collaborating Greek company ECO Hellas, which will then take over the management of the project. It is worth noting that, while this is the first project of the Synergy Aegean consortium in our country, ewerGy and EQTEC are already collaborating on a number of similar projects across Europe, thus ensuring a unified know-how, which they transmit to Greece. ...

NutHazard, that's what I said in my initial posting. They are now going to promote it.

NutHazard, you had to go quite far back to find one, hadn't you? I picked one randomly every half year or so and none of them mentioned syngas.

I guess I am pretty close to reality with what I said...

17 August 2021
Powerhouse Energy Group plc (AIM: PHE), the UK technology company commercialising hydrogen production from waste plastic, announces

27 April 2021
Powerhouse Energy Group plc (AIM: PHE), the UK technology company commercialising hydrogen production from waste plastic

30 December 2020
Powerhouse Energy Group plc (AIM: PHE) ("Powerhouse" or the "Company"), the sustainable hydrogen company pioneering hydrogen production from waste plastic,

London, June 2020
PowerHouse Energy Group plc (AIM: PHE), the UK technology company commercialising hydrogen production from waste plastic,

6th January 2020
PowerHouse Energy Group plc (AIM: PHE), the UK technology company pioneering hydrogen production from waste plastic

Final results for the year ended 31 December 2018
PowerHouse Energy Group plc (AIM: PHE), the UK technology company pioneering hydrogen production from waste plastic and used tyres,

Interesting question...

Final results 2021 were out last month:
https://www.lse.co.uk/rns/EQT/final-results-qnmt3ivrnrjqh60.html

One and only bridging loan agreement can be found here:
https://www.lse.co.uk/rns/EQT/new-unsecured-loan-facility-of-up-to-16310-million-jlod9elacsd5ruk.html

A video of the latest AGM including a lot of Q&A can be found here:
https://www.youtube.com/watch?v=vym6pfUIi8M

Have fun :-)

That's not quite right...

First of all: Plastic was never a problem for eqt. The three UK flagships will have RDF as feedstock. The novelty is: "CONTAMINATED". That's what the new French partner likes.

Besides this:

Both systems, phe and eqt, first produce a raw synthesis gas. And this surely includes some tar. And both systems clean the synthesis gas in post-processing:

At Eqtec this is called the "Synthesis Gas Purification system". The tar is reduced from 5g/m^3 gas to a few micrograms / m^3. Microgram vs Kilogram accounts for worst case millionths, best case 10 billionths of tar contamination. In other words: A purity between 99.9999% (worst case) and 99.999999% (best case) Syngas in relation to Tar.

Powerhouse say, "Once through the Conversion Chamber the syngas is cleaned, leaving behind a few inert residues, which are typically less than 5% of the starting volume of waste plastics. These residues can then be reused for other purposes or disposed of safely.". And that's where most of their syngas tar goes. Unfortunately, I couldn't find how much tar remains in the syngas, but I am quite sure, they will also have it cleaner than just 99.999%.

To put it simply: you cannot compare the tar content of cleaned syngas with the overall purity of H2 made of it. With just three nines after the decimal point, H2 would always lose, even if it would have a better tar value. And it makes no sense at all. The 99.999 purity of H2 is not a benchmark for the cleanness of the process. The so called "five-nines"-quality is just mentioned because it is industrial standard for most fuel cells. However, if they want to make H2 from the syngas BOTH companies can do it, e.g. by adding Steam to the already cleaned, nearly tarless gas.

And if Syngas is required, also BOTH companies can deliver. Have you recognised that HUI is already promoting Syngas production for quite a while and that PHE is no longer an H2 only company, but also going to offer Syngas solutions? Have a look at the header of PHE's latest RNS:
"Powerhouse Energy Group PLC (PHE), who are commercialising SYNGAS and hydrogen production from non-recyclable waste plastic,"

This one shows how the proposal would fit into our site:

https://my.hidrive.com/lnk/R0hJlEyV

Nice One RR. Just to add: The signing company Wardell Armstrong LLC seem to be also partners at Southport.

They are rarely mentioned, but can be found in this article about our south port site:

https://www.pressreader.com/uk/southport-visiter/20220303/281758452747042

Nice one, thanks for finiding the next million, RR :-)

To sum it up in a simplified way:

The whole thing has the dimensions of North Fork, but:
- we do not take over the legacy of a failed predecessor,
- we can avoid mistakes made in North Fork,
- we have no legal dispute,
- huge funding is available from the beginning,
- most of the funding comes from the public purse.

And the latter just added a million more.

Hey ho, let's go :-)

Learned something new tonight:
I had marked some places in the text where there were audio dropouts and one or more words were missing or unclear. I bracketed that between a less-than sign and a greater-than sign.

Memo to self:
- LSE considers such parentheses in a plain text to be tags and discards them.
- If such "tags" contain a question mark, the tag itself and the entire remaining text behind it will be discarded.

Q1 part 4: David about Southport
And at Southport as well, Southport has an incredible support from the local government. Damian Moore, the MP, has been very supportive on the project. We were mentioned in the house of commons (??) technology and the potential of our technology and the importance for energy security in the UK as well. And we have discussion already to use the hydrogen produced there for blending potentially in the gas grid. There is an input there. So we are using the projects from a strategic value as much if not more for just saying: “Let’s get the project through, let’s partner with the first large technology partner just because it’s a big company and let’s get on with it.”. This is we these are the only way that we will leverage, and we’ll build the platform for growth to really be able to be a global license source that will be able to create multi-billion revenues.

** Sorry, had to repost ths because LSW cut this off due to an accidental tag :-)

Q1 part 4: David about Southport

And at Southport as well, Southport has an incredible support from the local government. Damian Moore, the MP, has been very supportive on the project. We were mentioned in the house of commons (??) technology and the potential of our technology and the importance for energy security in the UK as well. And we have discussion already to use the hydrogen produced there for blending potentially in the gas grid. There is an input there. So we are using the projects from a strategic value as much if not more for just saying: “Let’s get the project through, let’s partner with the first large technology partner just because it’s a big company and let’s get on with it.”. This is we <

Q1-part 3: David about Deeside

Deeside is a very high-profile site with a lot of support from the local government with the moratorium of planning for incineration. We got planning through because it’s the local and the central government start understanding that the technology is very different and much more versatile and environmentally sound. Deeside has Toyota as a neighbour taking more than 50-60% of the off-take. And again we cannot underestimate the importance of using all projects to attract more strategic partners. But from the funding point of view, from the technical point of view. We don’t delay the project just because of the delay. The technology is proven. The box is thick for us. We are thinking, how can we prove commercially the right business model in order to attract a broader range of funders and off-takes. So we use in this project like you know: Toyota is interesting to obviously for the biogas and the offtake of the power and heat, but now they’re saying “We’ll buy hydrogen as well if you produce it there.”. So the we opened this discussion as well and we attracted new partners because this project has such a high profile in terms of stakeholders, then other engineering companies, other funders, that want to have their own pr activities but also a real project that is going to be built in the next year or so and not in the next five years. They want to be involved in something that’s tangible(?) is real with a real offtake, not something that will say “we’re going to make hydrogen in 2025 and somebody is going to buy in the future”. No, it’s this “someone” that the off-taker is there now and the technology can be deployed now. So that’s the reason and in Deeside, we are looking as well with discussion to sell the spv, equity recover and development services fees and reconfigure this, announce soon a technology partner for the syngas to chemical update.

Q1-part 2: Jeff about Billingham

The Billingham project is the largest and most complex but it’s in the middle of Teesside and therefore we have a very very healthy set of potential industrial customers who can buy the offtake from us there. We also have a very large site and that gives us a lot of flexibility in terms how we use it. The planning permission for a 200,000 ton per year RDF to combined heat and power facility – the planning permission is done. The permits are done. The grid connection is secured. That is all ready to go. What we wanted to look at last year, though, is: “Do we want to really be in the middle of Teesside, offering combined heat and power? Is that the most interesting offtake for those industrial facilities there?”. We are next door to CF Fertilisers. We have BP now who are strong buyers of hydrogen in the area. We’re surrounded by Mitsubishi. We got Seqens Pharmaceuticals right next door and so on. There re dozens and we’re in touch with the Teesside local authority now, who are helping us to identify dozens of potential off-take customers, not simply for combined heat and power but for things like hydrogen, synthetic natural gas or even biofuels or other types of biofuels.

So what we did was we went back. We re-ran the financial models. We had somewhere, you know, around 22 different scenarios that we ran for this and what we’re now looking at is how we can have a multi-use facility.

The combined heat and power plant would only take one third of the land that we have there in Billingham. Surrounded by all those customers. And so now what we’ve done is: We are looking at how to make that a multi-use facility. And we’re following that up and we’re discussing that.

I am hopeful that in the next month or two we’ll be announcing a feed partner who will go and work with us on the front-end engineering design. That would then take us <> of work getting the detailed design ready. And although I’m doubtful that we’ll close it within the year, I think it’s a stretch right now to say that we nonetheless would intend to get revenues by getting investors involved in that and recovering some of the development fees that we are owed on that site.

With Deeside, David, you want to comment on Deeside?