EQTEC PLC - Approval for RDF testing at University of Lorraine
("EQTEC", the "Company" or the "Group")
Approval for RDF testing at
The Company believes that the ability to test RDF as a feedstock in the UL Plant is of significant importance, as it should provide EQTEC with accurate operational data on the behaviour of project specific types of RDF, which the Company can then share with, inter alia, both potential and existing project partners, funders and stakeholders. EQTEC considers that such operational data is critically important in order to widen the number of potential providers of project funding and it could potentially reduce the timeline to financial close by enabling a commercial understanding of the feedstock at an earlier stage in the project process. In addition, the Company anticipates that access to the data can assist in reducing the cost of insurance backed premiums in relation to performance warranties. For these reasons, the Company believes that this will lead to increased demand for its technology.
EQTEC has been collaborating with Doctor
Several tests have been carried out since 2016 on various biomass fuels. During 2019, following an upgrade, the Plant was also utilised for RDF tests by blue chip operators in the waste sector, such as TIRU, a subsidiary of
"We are excited that this important RDF testing capability has been approved at
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.
| || |
+353 21 2409 056
Strand Hanson - Nomad & Financial Adviser
+44 20 7409 3494
| || |
+44 1483 413 500
IFC Advisory - Financial PR & IR
+44 20 3934 6630
| || |
Notes to Editors
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 Gasifier Technology ("EGT") and O&M services. EGT 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 Operation & Maintenance services to established operating co-generation plants generating recurring revenues over the life of the projects.
The Company is quoted on AIM and trades as EQT. Further information on the Company can be found at www.eqtecplc.com.
This information is provided by RNS, the news service of the
Quick facts: EQTEC PLC
Market Cap: £20.83 m
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...FOR OUR FULL DISCLAIMER CLICK HERE