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There was an interesting slide shown during the Investor Meet 2021 Annual Results presentation in April, listing some of the companies that EQTEC have announced, or are in discussions with, as partners. Many had never been mentioned before,
https://my.hidrive.com/lnk/JCBplESP
I've added links to the list below,
Owners & Funding Partners
Idex, https://www.idex.fr/en
E.on, https://www.eon.com/en.html
CEZ Group, https://www.cez.cz/en/home
Munich RE, https://www.munichre.com/en.html
EPH, https://www.epholding.cz/en/
Credit Mutuel, https://www.creditmutuel.com/en/
Department for International Trade, https://www.gov.uk/government/organisations/department-for-international-trade
Goetz Partners, https://www.goetzpartners.com/
Ariel RE, https://www.arielre.com/
Caisse des Depots, https://www.caissedesdepots.fr/en
Technology Partners
Universite de Lorraine, https://www.univ-lorraine.fr/en/univ-lorraine/
Universidad de Extremadura, https://www.unex.es/?set_language=en&cl=en
Wood, https://www.woodplc.com/
Seps, https://www.seps-france.fr/
Nova Therm Tech, http://novathermtech.com/en/home_/
Anaergia, https://www.anaergia.com/
Siemens, supply control systems for EQTEC plant
Mott, https://mottcorp.com/
NextChem, https://nextchem.it/
Jenbacher, https://www.innio.com/en/jenbacher
TUVRheinland,
Delivery Partners
ewerGy, https://www.ewergy-balkan.com/
Total Western, https://www.total-western.com/
Versa, https://versaet.com/
IPM, https://infinitypminc.com/
Black & Veatch, https://www.bv.com/
px Group, https://www.pxlimited.com/
Tecnicas Reunidas, https://www.tecnicasreunidas.es/
Petrofac, https://www.petrofac.com/
Acciona, https://www.acciona.com/
Cobra, https://www.grupocobra.com/en/
S3D Ingénierie , https://www.sol3d.com/en
Development Partners
Phoenix Energy, https://www.phoenixenergy.net/
Carbon Sole, https://www.carbonsole.ie/
Sense Esco,
MetalNRG, https://www.metalnrg.com/
H2 Energy Solutions, https://www.h2energy.solutions/en/homepage/
Logik Developments, https://logikdevelopments.com/
Berim, https://berim.fr/en/
Eco Hellas, https://www.eco-hellas.com/
Note from the bottom of the slide,
"Partner inventory above indicates a selection of formal agreements and planning conversations in progress, and is not a complete list"
It will come as no surprise to anyone who's been following the planning appeals for both Carbon Sole plants in Ireland, that the decision date for the Sligo appeal has been delayed again.....
https://my.hidrive.com/lnk/2JhpFN6K
C909, the original planning permission was for the waste sorting and anaerobic digestion.....
Planning permission for Advanced Gasification at Deeside was granted at the Flintshire CC planning meeting on 27/10/2021
https://planning.agileapplications.co.uk/flintshire/application-details/63871
https://www.londonstockexchange.com/news-article/EQT/update-on-deeside-project-and-anaergia-inc-deal/15190069
The latest word from EQTEC on KIBO (as far as I know) was in the Q&A from the Investor Meet 2021 Annual Results Presentation on 26th April,
Q3: Does Kibo hold an option to become the major shareholder in Billingham and if so are they funding the ongoing costs?
The announcement we made in late 2021 indicated that we had signed a conditional term sheet with Kibo for a potential investment into Haverton WTV, the SPV (special purpose vehicle) for the Billingham Project. Since then, the project development strategy and potential has significantly changed. Both Kibo’s and EQTEC’s business priorities have resulted in the parties’ putting on hold any such investment. It remains EQTEC’s intent to sell project SPVs to one or more investors at the earliest possible stage of project development, provided such sale supported the advancement of the project and EQTEC’s interests in it. EQTEC would consider any future proposals in that context.
Read it again testpack, slowly this time.....
Thanks for the link Reverand :-)
An interesting post, and the author, Dr Ruby Ray is interesting too. According to Linkedin she is Wood's "Syngas/Gasification and carbon capture lead."
Her bio from the Wood website,
"Ruby is a Principal Consultant Process Engineer within Wood’s Specialist Engineering and Consulting, with a Ph.D. in Chemical Engineering. She has specialist expertise in green/blue ammonia, gasification technology, syngas processing, waste to different product route, renewable hydrogen and carbon capture and storage. She has in-depth experience as licensor coordination lead and technical evaluation of licensor process. She has worked on and led a range of studies and FEED projects and a detail design related to low-carbon economy and energy transition"
The original Treehugger article,
https://www.treehugger.com/peelnre-facility-turn-plastic-waste-into-hydrogen-5425556
Proactive - EQTEC discusses the recent technology test by French partner SEPS
https://youtu.be/PqPW6xIPVh8
Thanks DerSack :-)
You're right about the $400k grant for Wilseyville, Alcoops. This was the grant being requested (from the Sierra Nevada Conservancy) in the document that DerSack has quoted from in my initial post on the 'Wilseyville, California' thread. The grant was approved, confirmation below,
"Another was to the Sierra Business Council for its Blue Mountain Electric Project. The $400,000 grant will fund construction of key components of a new forest biomass plant in Wilseyville in Calaveras County that will provide jobs and create energy from biomass taken from fuel-reduction projects and wildfire burn zones."
https://sierranevada.ca.gov/snc-launches-new-grant-programs-funds-2-1-million-in-projects/
A couple of news items from EQTEC's technology partner, this from yesterday
https://www.woodplc.com/news/latest-news-articles/2022/wood-and-luxcara-agree-collaboration-on-energy-transition-opportunities
...and an RNS out today,
https://www.londonstockexchange.com/news-article/WG./sale-of-built-environment-consulting-business/15477363
"The future of Wood: a leader across energy security and sustainability
This transaction will provide the financial flexibility for us to deliver on our strategy to be a leader across energy security and sustainability through our exposure to five key growth drivers:
?Energy security
?Carbon intensity reduction
?Industrial decarbonisation
?Resourcing the energy transition
?Low carbon energy
These drivers provide significant growth opportunities for the Group that, combined with our measured risk appetite, improved operational delivery and strong balance sheet should help deliver value for our shareholders over the medium term.
We will set out our strategy in more detail at a Capital Markets Day at a later date, following the appointment of our new Chief Executive."
From the EQTEC website,
What are contaminated plastics and are you the only company that can handle the material?
Contaminated plastic includes polyethylene (PE) and high-density polyethylene (HDPE) packaging for engine oil, transmission oil, halogen-free agricultural products or phthalates or any other potentially toxic chemicals. The molecules of such chemicals can adhere or even embed themselves into the plastic of the packaging.
Because such adherence or embedding can reverse when the plastic packaging is reheated, thus releasing chemicals to mix freely with the plastic itself, recycling of such plastic waste is not possible. To date, the only two solutions for managing such waste have been destruction of both plastic and content chemicals by incineration, or storage of the contaminated plastic in landfill. Neither of these solutions is desirable, given the potential for contamination of the ecosystem. Moreover, the risk of contaminated plastics’ finding their way into recycling or non-hazardous waste streams creates a significant challenge for waste management. Gasification is a safe and cleaner process to create value from this waste than other legacy methods including incineration and landfill.
https://eqtec.com/eqtec-faqs/
You can find links to the latest company presentations and (paid-for) research notes here
https://eqtec.com/investing-in-eqtec/research-presentations/
......from the Investor Meet EQTEC 2021 Annual Results presentation Q&A,
Q19: Can you say more about the Seps agreement especially on offtake and the appetite for biofuels in the French market? Which biofuels are seeing most traction?
The agreement with SEPS is to develop integrated technology solutions to be deployed in plants processing contaminated plastics as feedstock, for electrical, thermal and biofuels applications. This type of feedstock attract a very high gate fee and there is strong market demand for it all over Europe and the UK.
In terms of which biofuels are having more traction in France, BioSNG/BioLPG are leading our current pipeline demand. However, Hydrogen for industrial applications is naturally also receiving a lot of Government support as in the rest of Europe and the UK.
Positive report on conversion of contaminated plastic waste to syngas through EQTEC technology
https://www.londonstockexchange.com/news-article/EQT/positive-report-on-eqtec-technology/15473373
It's not related to EQTEC Osal, it IS EQTEC!
This is what JVL (EQTEC COO) had to say in Q1 of the recent AGM Q&A,
“…..The Billingham project is the largest and most complex but it's in the middle of Teesside and therefore we’ve got 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 of how we use it. The planning permission for a 200,000 tonne per year RDF to combined heat and power facility, the planning permission is done; the permits are done; the grid connection is secure. That is all, that is 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’re next door to CF Fertilisers; we have BP now who are strong buyers of hydrogen in the area; we’re surrounded by Mitsubishi; we’ve got Seqens pharmaceuticals right next door, and so on. There are dozens. We are in touch with the Teesside Local Authority now who are helping us identify dozens of potential offtake customers, not simply for combined heat and power but for things like hydrogen, synthetic natural gas or even biofuels, other types of biofuel. So what we did was we went back and re-ran the financial models, we had somewhere around 22 different scenarios that we ran for this and what we are 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’re looking at how to make that a multi-use facility. We’re following that up and we’re discussing that…..”
It looks like things are starting to move at Billingham...
'Request for Screening Opinion under the Town and Country Planning (Environmental
Impact Assessment) Regulations 2017 in relation to a proposed hydrogen production plant, battery storage and hydrogen re-fuelling point at Energy from Waste Plant, New Road, Billingham'
Proposed Development
The proposed development (known as Phase 2) seeks to extend and enhance the consent development of the Energy from Waste Plant at New Road, Billingham, which is currently under construction (Phase 1). The proposed development includes the construction and operation of the following:
• Hydrogen production facility (by electrolysis) (up to 25MW generation capacity)
• Battery storage (25MWh in total)
• Hydrogen re-fuelling point; and
• Electric charging point (HGVs and public transport)
https://www.developmentmanagement.stockton.gov.uk/online-applications/applicationDetails.do?activeTab=summary&keyVal=RBRTX6PK03400
Details are in the 'Application Form' under the 'Documents' tab including a site plan
Interesting that they are proposing to make hydrogen by electrolysis.
A small bit of news regarding Wilseyville,
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
https://www.fire.ca.gov/media/43fllwam/wpb_2022q1_grantaward_list_20220526.pdf
Website for EQTEC's Greek JV.
https://www.synergy-aegean.com/
.....and this from the 2021 Annual Results Q&A on the Investor Meet website,
Q18: To investors, it appears that eqtec is being held back from reaching Financial close on big projects like Billingham or Deeside due to owner operators not committing funds. What are they waiting for?
As announced on 13 December 2021, the Company elected to defer financial close for the Billingham and Deeside Projects in response to the new opportunities for both projects – particularly for offtake. The Company contended then that both opportunities deserved further exploration and focused its efforts on reviewing, modelling and assessing them, toward expansion of even greater positive impact for local communities and additional value for all stakeholders. That contention has proven well founded, and the Company is advancing both projects toward realisation of different models for offtake. Further announcements will follow in due course.
The Company also confirmed that both the Billingham and Deeside projects are part of the portfolio currently under review by a range of large-scale infrastructure investors and owner-operators for potential funding, commercial operation, or both.
Having said that, project finance for large-scale infrastructure projects is always a challenge, especially for early-stage technologies with limited but growing visibility. That reality is especially stark in the current market environment. To address this situation, EQTEC has taken a number of steps to more rigorously pursue project investors, including engagement with a wide range of large-scale, real asset investors, hedge funds and early-stage technology investors; closer engagement with banks in EQTEC target markets; closer engagement with public-sector policy bodies and public-sector finance; appointment of a dedicated, public-sector funding lead to ensure EQTEC pursues all available grants and/or loans available for innovative technologies, especially in the renewables sector; and targeted recruitment of talent for a dedicated ventures and investments team.