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AIM:EQT

EQTEC PLC

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Market:
AIM
Market Cap:
£65.25 m
Price
0.95 GBX
Change
-4.04%
52 weeks high
1.04
52 weeks low
0.03

EQTEC Strategy

EQTEC applies its proven Advanced Gasification Technology to thermochemically convert feedstock such as municipal, agricultural and industrial waste, biomass, and plastics into syngas. Syngas is then used as fuel to power electricity and heat, or as a commodity, to produce transportation fuels or Synthetic Natural Gas (SNG).

Our business model generates revenues through a combination of recurring and one-off earnings from the following:

  • Design and Engineering Fees.
  • Project Development and Advisory fees.
  • Selling equipment to projects.
  • Ongoing operating and maintenance fees.
  • Long-term equity ownership and carried interest in projects.
  • Technology Licensing fees.

Why Choose Gasification

With increasing global demand for renewable energy and concerns about rising levels of waste, gasification is a waste-to-value technology that can solve both of these issues at the same time.

Renewables are projected to supply more than 50% of global energy demand by 2035, thanks to consumer and government concerns over climate change. At the same time, population growth means that waste levels are projected to increase 70% by 2050.

Business Model

EQTEC is on the leading edge of technology providers in viewing the market as a collaborative ecosystem within which all partners can benefit through working together to deliver a solution. We believe that EQTEC’s human capital, coupled with our technical know-how, is now putting us into a position to become a one stop shop for gasification technology, engineering design, EPC, O&M and project funding.

EQTEC’s strategy is to be the preferred gasification technology supplier and plant operator to developers and owners of waste to energy projects with the aim of improving overall economics in order to realise value and to generate sustainable incremental wealth for EQTEC and its shareholders. We will also build, own and operate waste to energy facilities as opportunities arise.

The development and delivery of gasification projects increasingly organises around the core technology provider, who can also provide a range of other services to the project.

We have the ability to deploy our technology worldwide and are concentrating our efforts in Europe and North America at this time, particularly due to the identified need for our product and the robust and supportive regulatory and commercial regimes in these geographies. In these markets, we count with a promising project pipeline of 100+ MWe to be commissioned in the following years, together with our stakeholders and partners. In addition to these, we continue to respond to all leads generated from our business development activities, regardless of geography, and prioritise them on a case-by-case basis.

Europe and North America.

David Palumbo - CHIEF EXECUTIVE OFFICER

David is an experienced entrepreneur with 20 years’ experience in private equity, business development and asset management. Since 2006, David has founded and co-founded a number of companies in various industries such as renewable energy, wealth management, property and real estate. David is the Founding and Managing Partner of Origen Capital LLP, a private investment firm representing family offices and private consortia in Europe, CIS and Latin America. He has extensive experience in attracting funding for companies from seed stage, all the way to IPO in exchanges in London, Frankfurt, Madrid and Paris. He has a BSc in Electrical Engineering. 

Jeff Vander Linden - CHIEF OPERATING OFFICER, STRATEGY & OPERATIONS DIRECTOR

Jeff has been working with EQTEC since July 2020 in a consulting capacity, most recently as interim COO. Prior to that, he worked as a senior advisor and programme lead to global corporations transforming operations and building scale. He was the Global Director of Strategy and Demand for Global Business Services at AB InBev, the global beverage company, and was Head of Organisation Development for SABMiller Procurement. In both roles, he designed and implemented scale operations in complex delivery environments across geographical, regulatory and cultural boundaries, delivering improved performance, growth and innovation. Prior to these roles, Jeff spent 16 years as an IT and business change leader at Capgemini, IBM and PwC. His clients included NTT, NEC, AT&T, Motorola, BAE Systems and National Grid as well as a number of other private and public-sector organisations. Jeff is a dual US/UK citizen and lives in London.

Ian Pearson -  NON-EXECUTIVE CHAIRMAN

Ian was the chairman of AIM-listed OVCT2 for five years. OVCT2 invested in a variety of renewal energy companies and was successfully merged into Apollo VCT plc in 2019. He is currently a Non-Executive Director of Thames Water Utilities Limited, the UK’s biggest water company, and is Chairman of CODE Investing Ltd. He is also a senior adviser to BAI Communications plc and has previously been a member of the UK Advisory Board of the accountants PwC.

Between 2001 and 2010, Ian held a number of ministerial positions in the UK government, including Minister for Trade & Foreign Affairs, Minister of State for Climate Change and the Environment, Minister for Science, and Economic Secretary to the Treasury. He graduated from Balliol College, Oxford and has a Master’s degree and a Doctorate in Industrial and Business Studies from the University of Warwick.

Yoel Alemán - CHIEF TECHNOLOGY OFFICER

Yoel is a highly experienced chemical engineer with over 20 years of experience in Biomass and Municipal Solid Waste Gasification. Since joining EQTEC Iberia in 2010, he has designed, built, commissioned and operated gasification facilities on pilot plant and commercial scale, and is a renowned trouble-shooter of failed gasification installations. He is the author of three technology patents related to power generation via advanced fluidized bed gasification technology. Holding a PhD in Chemical Engineering, he has been an Associated Professor of Research at several Universities in Europe.

Thomas Quigley - NON-EXECUTIVE DIRECTOR

Tom Quigley has had an executive career spanning over 25 years, mainly at board level, as Managing Director, CFO and CIO. This included being a Managing Director of Close Brothers Corporate Finance; a Managing Director and Head of the Retail, Hospitality and Leisure sector investment banking at ING Barings, London; and a Director of Terra Firma Capital Partners.

Tom originally qualified as a Chartered Accountant at Price Waterhouse in London and has amassed considerable financial and management experience across multiple sectors. Through his executive and non-executive positions, Tom has worked in real estate, financial services, healthcare and banking, and across a number of jurisdictions.

Gerry Madden - FINANCE DIRECTOR

Gerry joined the Group in May 2007 as Finance Director, and was Chief Executive from 2011 to 2017. With over 30 year of experience in Corporate Finance and Business Strategy he has also built up extensive experience in renewable energy project development and the Green Economy. He originally worked with international accountants KPMG and also founded and led an Advisory Practice partnering with Irish and International businesses. He is a Fellow of the Institute of Chartered Accountants, a graduate of University College Cork and a Member of the Institute of Directors.

Wim Bramer - COMMERCIAL DIRECTOR

Wim has over 25 years’ experience in senior leadership positions, working in Corporate, SME and start-up environments. He started in finance & control and gradually moved into general management, strategy and business development. Before joining EQTEC, he lived and worked in Europe, Middle East, Asia, and Africa. During his career he was engaged in M&A and in charge of post-acquisition integration, which often involved restructuring and business transformation. He has a MSc in Business Economics and a MA in Law.

Cork

Building 1000,
City Gate, 
Mahon,Cork, 
T12 W7CV Republic of Ireland

London

3 Stucley Place, 
Camden Town,
London NW1 8NS United Kingdom

Barcelona

C. Rosa Sensat 9-11,
08005 Barcelona Spain

Ireland : +353 21 601 9640

Spain: +34 932 712 713

US (California): +1 661 462 3108

UK: +44 203 883 7009

Email : [email protected]

Arden Partners plc, 
125 Old Broad St,
London EC2N 1AR, 
United Kingdom.

Nomad and Financial Adviser  

Strand Hanson Limited,
26 Mount Row,
Mayfair, 
London W1K 3SQ,
United Kingdom.

Shareholders owning more than 3% of the Company at the date of last update as far as the Company is aware of were as follows:

Altair Group Investment Limited (20.00%)

TB Amati Investment Funds Limited (6.79%)

Janus Henderson Group plc (4.85%)

Premier Miton Group plc (4.04%)

Last updated 20 July 2020.

Cork

Building 1000,
City Gate, 
Mahon,Cork, 
T12 W7CV Republic of Ireland

London

3 Stucley Place, 
Camden Town,
London NW1 8NS United Kingdom

Barcelona

C. Rosa Sensat 9-11,
08005 Barcelona Spain

Ireland : +353 21 601 9640

Spain: +34 932 712 713

US (California): +1 661 462 3108

UK: +44 203 883 7009

Email : [email protected]

Registrars

Link Asset Services, 
2 Grand Canal Square, 
Dublin 2, 
Ireland.

Auditors

Grant Thornton, 
24-26 City Quay, 
Dublin 2, 
Ireland

Nomad and Financial Adviser  

Strand Hanson Limited,
26 Mount Row,
Mayfair, 
London W1K 3SQ,
United Kingdom.

Broker 

Arden Partners plc, 
125 Old Broad St,
London EC2N 1AR, 
United Kingdom.

Strategic Communications advisers 

Maitland/AMO, 
3 Pancras Square, 
London, N1C 4AG,
United Kingdom

Legal Advisors - Ireland 

Philip Lee,
7-8 Wilton Terrace,
Dublin D2, 
Ireland.

Legal Advisors - UK  

Fieldfisher LLP, 
Riverbank House, 
2 Swan Lane, 
London EC4R 3TT, 
United Kingdom.

Legal Advisors - Spain  

Fieldfisher Jausas, 
Passeig de Gràcia, 103, 
Planta 7. 08008 Barcelona, 
Spain.