George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksEqtec Regulatory News (EQT)

Share Price Information for Eqtec (EQT)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2.25
Bid: 2.20
Ask: 2.30
Change: -0.01 (-0.43%)
Spread: 0.10 (4.545%)
Open: 2.35
High: 2.34
Low: 2.34
Prev. Close: 2.35
EQT Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Collaboration Framework Agreement with ewerGy

16 Mar 2020 07:00

RNS Number : 1770G
EQTEC PLC
16 March 2020
 

16 March 2020

 

EQTEC plc

("EQTEC", the "Company" or the "Group")

 

 

Collaboration Framework Agreement with ewerGy to develop project portfolio

 

EQTEC plc (AIM: EQT), the technology solution company for advanced gasification in waste to energy projects, is pleased to announce the signing of a Collaboration Framework Agreement (the "Agreement"), with the German EPC company ewerGy GmbH ("ewerGy") covering the key terms of the proposed cooperation for the development of a portfolio of projects in Greece and the Balkan Region (the "Territory").

 

On 3 March 2020, the Company announced that it had entered into an MOU for the first gasification plant in Greece, under which it is intended that the Group will provide its gasification technology to the plant as nominated subcontractor to ewerGy.

 

Highlights

 

· The purpose of the Agreement is for EQTEC and ewerGy to co-operate and collaborate to develop projects together in the Territory and to promote and introduce to each other commercial opportunities.

 

· The parties will focus their joint efforts to develop a selected project portfolio in the region and to use EQTEC's Advanced Gasification Technology in projects which will include electricity generation, heat supply and/or CCHP (combined cooling heating and power), as well as syngas to chemicals.

 

· The intention is to focus on a portfolio approach in the Territory that would meet the strategic interests of both EQTEC and ewerGy.

 

· ewerGy will act as an ongoing business developer for EQTEC in the Territory and, in Greece specifically, ewerGy will also operate as the EPC contractor and O&M partner.

· EQTEC will provide engineering and technical design services, technology and project development support.

· The parties have identified 11 potential projects in the pipeline: Two are under development, of 0.5MWe and 1MWe respectively (as announced on 3 March 2020), with the remaining projects under due diligence.

· All of the projects have the required permitting, economic feasibility studies and secured biomass feedstock, supplied by the local communities, for proposed development.

 

· The Agreement will be valid for an initial 60-month period.

 

EQTEC and ewerGy have full confidence in the potential of the Agreement and the Company will update the market accordingly when the projects under review are progressed into a qualified contracted pipeline. Any project that the parties decide to take forward and develop would be subject to a separate detailed contract and further announcements will be made, as and when appropriate.

 

David Palumbo, CEO of EQTEC, commented:

Since January, we have been working with ewerGy and its local partner, ECO Hellas, on the development of the first advanced gasification plant in Greece, for which we recently announced an MOU. This collaboration has already been very productive, and the expertise, professionalism and local know-how of ewerGy and ECO Hellas have made clear to us the value of a wider collaboration with them. We are looking forward to opening up Greece and neighbouring countries for advanced gasification plants, and we are convinced ewerGy and ECO Hellas are the right partners to do so and have, already inside their network, access to an interesting prospective pipeline of projects."

 

Gerd Kromarck, CEO of ewerGy, commented:

"In the announcement of the MOU for the first advanced gasification plant in Greece, we indicated that we are very confident that, together with our partners EQTEC and ECO Hellas, we will set a very high standard in the market. As project developer and EPC contractor we will work closely together with EQTEC and ECO Hellas to execute as fast as possible our current projects pipeline.

 

"The opportunity is there: Greece and the Balkans can progress from a sub-standard waste management situation to a world class best practice in Waste-to-Energy."

 

 

This announcement contains inside information as defined in Article 7 of the EU Market Abuse Regulation No 596/2014 and has been announced in accordance with the Company's obligations under Article 17 of that Regulation.

 

Enquiries

 

EQTEC plc

+353 21 2409 056

David Palumbo / Gerry Madden

 

 

Strand Hanson - Nomad & Financial Adviser

+44 20 7409 3494

James Harris / James Dance / Jack Botros

 

 

SI Capital Limited - Broker

+44 1483 413 500

Nick Emerson / Jon Levinson

 

 

IFC Advisory - Financial PR & IR

+44 20 3934 6630

Tim Metcalfe / Graham Herring / Zach Cohen

 

 

 

Notes to Editors

 

About EQTEC plc

 

EQTEC is the technological solution partner for converting waste to clean energy.

 

EQTEC mission is to provides sustainable technological solutions to address two of the world's greatest challenges: managing rising levels of waste and meeting the growing demand for clean energy.

 

EQTEC's business model involves sourcing and providing assistance in developing waste elimination projects which will convert waste into clean energy, to which it will ultimately sell its EQTEC Advanced Gasification Technology and O&M services. EQTEC Advanced Gasification Technology enables project developers to construct waste elimination plants and recover electrical and thermal energy from the waste streams.

 

EQTEC sources projects that have a local supply of waste in need of elimination and conversion. It builds relationships and brings together the developers, the waste owners, the building contractors and funders. It then supplies the energy recovery technology and provides engineering services to the projects.

 

EQTEC also seeks to provide O&M services to established operating co-generation plants generating recurring revenues over the life of the projects.

 

The Company is quoted on AIM, bears the Green Economy Mark awarded by the London Stock Exchange and trades as EQT. Further information on the Company can be found at www.eqtecplc.com.

 

 

About ewerGy

 

ewerGy is a German company with extensive experience in the renewable energy market, in project development, implementation and construction, as well as O&M.

 

For more information, please visit: www.ewergy-germany.com

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
AGRDXLFFBXLXBBX
Date   Source Headline
11th Mar 20247:00 amRNSUpdate on Verde Corporation Subscription
29th Feb 20247:17 amRNSUpdate on Initial Subscription
22nd Feb 20248:09 amRNSUpdate on Initial Subscription
13th Feb 20245:00 pmRNSHolding(s) in Company
13th Feb 20248:17 amRNSHolding(s) in Company
13th Feb 20247:00 amRNSNew Investor Subscription and Debt Conversion
16th Jan 20241:16 pmRNSJoint Venture with CompactGTL
16th Jan 20247:00 amRNSDrawdown of Bank Refinance Approved for Italy MDC
21st Dec 20237:00 amRNSItaly MDC - Refinance Update & Conversion Notices
18th Dec 20231:30 pmRNSResults of EGM
7th Dec 20237:00 amRNSEquipment Supply Agreement for Plant in USA
29th Nov 20237:00 amRNSTechnical Services Agreement for Plant in USA
28th Nov 20237:00 amRNSAchievement of ISO certifications
27th Nov 20237:00 amRNSCollaboration Framework Agreement
24th Nov 20237:00 amRNSNotice of EGM
20th Nov 20237:00 amRNSRefinancing of Debt Facilities and Company Update
6th Nov 20238:39 amRNSItalia MDC update and share ownership
16th Oct 20237:00 amRNSDirector/PDMR Shareholding
13th Oct 20234:28 pmRNSDirector/PDMR Shareholding
6th Oct 202310:55 amRNSHolding(s) in Company
4th Oct 20237:00 amRNSDirector/PDMR Shareholding
2nd Oct 20232:25 pmRNSDirector Dealing
28th Sep 20237:00 amRNSInterim results
26th Sep 20237:00 amRNSProject update
20th Sep 20234:15 pmRNSLegal claim against Logik Developments
20th Sep 202312:25 pmRNSDiscontinuation of Billingham Project
4th Sep 20237:00 amRNSBank Refinance of Italy Market Development Centre
17th Aug 20237:00 amRNSContract signed with Idex for FEED at France MDC
31st Jul 20237:00 amRNSSuccessful Steam-Oxygen Gasification Tests
25th Jul 20237:00 amRNSCollaboration Framework Agreement with Domi Ost
12th Jul 20237:00 amRNSSale of France Market Development Centre to Idex
23rd Jun 20239:40 amRNSGrant of Long-term Incentive Plan Options
22nd Jun 202312:55 pmRNSCompletion of Italy MDC handover
21st Jun 20234:15 pmRNSResults of 2023 AGM
25th May 20237:00 amRNSNotice of 2023 AGM
5th May 20237:00 amRNSFinal Results
21st Apr 20234:30 pmRNSResult of Broker Option
18th Apr 20237:00 amRNSPublication of 2022 annual report
17th Apr 20232:15 pmRNSCollaboration Framework Agreement
4th Apr 20237:00 amRNSUpdate re Director remuneration and Broker Option
27th Mar 20237:00 amRNSFrance project award with Idex Group
23rd Mar 20237:00 amRNSFrance government award for potential RNG project
21st Mar 202311:05 amRNSSecond Price Monitoring Extn
21st Mar 202311:00 amRNSPrice Monitoring Extension
21st Mar 20238:14 amRNSProposed Equity Issue to raise approximately £3.5m
14th Mar 20234:35 pmRNSPrice Monitoring Extension
14th Mar 20239:00 amRNSPrice Monitoring Extension
14th Mar 20237:00 amRNSItaly Market Development Centre operational
1st Mar 20237:00 amRNSHolding(s) in Company
1st Mar 20237:00 amRNSUpdate on Deeside project share purchase agreement

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.