Proactiveinvestors United Kingdom EQTEC Plc Proactiveinvestors United Kingdom EQTEC Plc RSS feed en Tue, 21 May 2019 10:22:24 +0100 Genera CMS (Proactiveinvestors) (Proactiveinvestors) <![CDATA[RNS press release - Issue of Shares to a Service Provider ]]> Thu, 16 May 2019 10:23:29 +0100 <![CDATA[News - EQTEC updates on collaborative growth strategy ]]> EQTEC Plc (LON:EQT) has provided an update on its business strategy, which seeks to make partnerships for the development of waste gasification applications in targeted industry verticals.

It is targeting power generation systems fed by municipal waste, waste olive oil, and biomass.

Though a collaborative approach the company believes it will mitigate technology and project execution risks. The aim is to become a ‘one-stop-shop’ for  technology, engineering design, EPC, O&M and project funding to developers and owners of waste to energy ventures.

READ: EQTEC shares soar on Durham waste-to-energy agreement

"We feel very positive about the current position of EQTEC and its ability to execute its strategy,” said Ian Price, EQTEC chief executive.

“The board believes that working with a select group of strategic partners, with track record and success in their markets, will enable us to create and coordinate the ecosystem required to develop successful projects with proven counterparties. 

“We continue to expand our pipeline and through this approach, to have a much greater influence on all aspects of such projects from design to operations.”

Municipal waste

In the municipal waste and refuse business EQTEQ is partnered with China Energy Engineering Corporation and COBRA Instalaciones Y Servicios.

At the Billingham project the company and COBRA are partnered with Scott Bros Enterprises for a proposed 25 megawatt power plant.

Once operational, Billingham will process some 200,000 metric tonnes of refuse derived fuel - made from municipal waste – per year. The project is expected to be worth between £150mln and £180mln.

EQTEC and COBRA are continuing efforts to deliver other similar opportunities in the UK.

Oil pomace waste

The company is in talks with a ‘major Spanish business group’ over a possible opportunity that will aim to elimination of olive pomace waste in the Mediterranean area.

EQTEC has history in this area, having deployed its technology in 2011 and generating operational data over some 90,000 hours.

Via a new partnership, the company believes it will be able to rapidly expand its presence in the market.


The company’s proprietary gasification technology was selected by Phoenix Energy for two biomass power plants in California.

Designs for the first plant has already been completed, and, it is presently in talks with Phoenix over a potential deeper collaboration.

Wed, 15 May 2019 15:02:00 +0100
<![CDATA[RNS press release - Business Strategy Update ]]> Wed, 15 May 2019 14:00:02 +0100 <![CDATA[RNS press release - Business Strategy Update ]]> Wed, 15 May 2019 13:35:38 +0100 <![CDATA[RNS press release - Second Price Monitoring Extn ]]> Wed, 08 May 2019 09:05:47 +0100 <![CDATA[RNS press release - Price Monitoring Extension ]]> Wed, 08 May 2019 09:00:19 +0100 <![CDATA[News - EQTEC shares soar on Durham waste-to-energy agreement ]]> EQTEC Plc (AIM: EQT) shares shot up in Wednesday’s early deals after announcing an agreement to develop the Billingham waste-to-energy project in county Durham.

Under a newly signed memorandum of understanding the London quoted firm will act as lead developer and technology provider for Billingham, where some 200,000 metric tons of municipal waste will be processed into energy.

READ: EQTEC highlights interest in its waste-to-gas technology picks up

"We are extremely happy to have executed the MOU, representing our first deal with COBRA, our major strategic partner,” said Ian Price, EQTEQ chief executive.

“This has the potential to be a flagship project of significant scale, with the intention to process at least 200,000 metric tons per annum of RDF, with an estimated project value in the range of £150mln to £180mln.”

EQTEC is partnered with COBRA Instalaciones Y Servicios and Scott Bros in the Billingham project.

Scott Bros director Ian Fraser said: “We are delighted to have entered into this agreement with the highly experienced EQTEC team, alongside a world class EPC Group such as COBRA. 

“We have been working closely with local government and stakeholders to advance the Project, which has included securing the planning for the project. 

“This type of infrastructure development will bring significant benefits and investment in the local community and we are very happy to play a part in it."

EQTEC shares advanced 0.23p or 28.37% to trade at 1.03p.

Wed, 08 May 2019 08:49:00 +0100
<![CDATA[Media files - EQTEC signs MoU for significant Billingham energy project ]]> Wed, 08 May 2019 08:42:00 +0100 <![CDATA[RNS press release - Billingham Energy Project MOU ]]> Wed, 08 May 2019 08:14:04 +0100 <![CDATA[RNS press release - Research Report ]]> Tue, 23 Apr 2019 07:00:08 +0100 <![CDATA[News - EQTEC shares rise as interest in its waste-to-gas technology picks up ]]> EQTEC PLC (LON:EQT) shares powered higher on Tuesday after it told investors it has seen a “significant increase” in the level of international interest in its waste-to-gas technology.

EQTEC Gasifier Technology (EGT) converts waste such as tyres, plastics and wood chippings into a synthetic fuel called syngas.

The AIM company said it had heard from a variety of interested parties, including existing customers, potential new clients, developers and engineering, procurement and construction (EPC) contractors.

READ: EQTEC’s largest shareholder agrees to use gasification tech in JV deal

“Advanced talks” with a major business group in Spain are underway, while closer to home, EQTEC has submitted “advanced stage proposals” for two projects in the UK, where it would provide EGT and possibly act as the lead developer.

The company recently signed a “landmark deal” with US power firm Phoenix Energy, and the engineering design work for Phoenix’s first power plant have been delivered and invoiced.

Construction of that plant is expected to begin later this year once all the permits are in place.

Together with Phoenix, EQTEC is exploring further project opportunities across the pond and a commercial proposal for a third project has been presented to Phoenix.

Elsewhere, EQTEC said a commercial proposal has been submitted to the owners of the Usk project in Wales to replace Brooke Energy as the developer of the project and for EQTEC to provide the technology and EPC services.

Boss delighted

“We are delighted with the significant progress being made in advancing towards final contract stage on a number of opportunities,” said chief executive Ian Price.

“We are very pleased with the increased international interest in EGT. EQTEC's aim is to build a growing, cash generative business and we continue to review additional near-term opportunities, where we see potential to add considerable value to our shareholders.”

Shares rose 8.6% to 0.89p in late-morning trading on Tuesday.

Tue, 09 Apr 2019 11:35:00 +0100
<![CDATA[RNS press release - Operational and Project Update ]]> Tue, 09 Apr 2019 10:15:28 +0100 <![CDATA[News - EQTEC jumps as largest shareholder agrees to use its gasification technology in joint venture deal ]]> EQTEC PLC (LON:EQT) revealed that its largest shareholder, EBIOSS Energy SE has signed an exclusive collaboration agreement with Urbaser S.A.U under which they have agreed to use its technology for waste-to-energy gasification projects in Bulgaria, Greece, Macedonia and potentially Romania.

The AIM-listed group confirmed that, while it is not party to the agreement, it will conduct due diligence on any potential opportunities that are presented to it by the parties.

READ: EQTEC jumps as it increases and consolidates loan facility with Altair Group

Ian Price, EQTEC’s CEO said: "We are pleased to note the Agreement between EBIOSS and Urbaser, and we are encouraged by this statement of intent by the Parties to use our technology and the further validation that this would bring to the Group.”

He added: “Urbaser is a leading integrated waste and resource management company, providing solutions to local authorities, businesses and the general public with strong project experience in the waste to energy space. 

“We look forward to evaluating each opportunity as and when it arises in order to assess its ability to increase shareholder value."

In afternoon trading, EQTEC shares were 7.6% higher at 1.14p.

Wed, 20 Mar 2019 14:23:00 +0000
<![CDATA[RNS press release - Statement re EBIOSS Agreement with Urbaser ]]> Wed, 20 Mar 2019 14:00:04 +0000 <![CDATA[RNS press release - Holdings(s) in Company and Exercise of warrants ]]> Tue, 05 Mar 2019 07:00:08 +0000 <![CDATA[News - EQTEC jumps as it appoints new Nomad ]]> EQTEC Plc (LON:EQT) shares jumped in early trading Monday after it appointed a new nominated advisor (Nomad) while also updating on the consolidation of two loans from Altair Group Investment Limited and Ecofinance (GLI) Limited.

The firm, which specialises in converting waste gas into energy, said it had appointed Strand Hanson Limited as its Nomad and broker with immediate effect after saying after the close on Friday that it was in the process of finalising the appointment.

READ: EQTEC jumps as it increases and consolidates loan facility with Altair Group

The company also said in Friday’s statement that further to an update on its loan agreements on 22 January it had agreed with Ecofinance to increase the existing loan facility to £1.879mln from £879,000 on the same terms, with the increased loan forming part of the consolidated loan with Altair.

Shares were up 5.9% at 1.4p.

--Adds share price--

Mon, 28 Jan 2019 07:58:00 +0000
<![CDATA[RNS press release - Change of Nominated Adviser and Broker ]]> Mon, 28 Jan 2019 07:00:07 +0000 <![CDATA[RNS press release - Nomad Update, Loan & Director Declaration ]]> Fri, 25 Jan 2019 18:16:24 +0000 <![CDATA[RNS press release - Notification of shareholdings ]]> Tue, 22 Jan 2019 15:28:17 +0000 <![CDATA[News - EQTEC jumps as it increases and consolidates loan facility with Altair Group ]]> Shares in EQTEC PLC (LON:EQT) jumped in late-morning trading Tuesday after the firm increased and consolidated a loan facility with Altair Group Investment Limited.

The AIM-listed firm, which develops a technology to turn power plant waste into gas and then electricity, said the loan facility available for drawdown had been increased by £879,000 to £3.5mln, adding that Altair would also consolidate two loans into one facility.

WATCH: EQTEC PLC's Ian Price hails significant new contract with Phoenix Energy

The interest rate on the new combined facility had also been reduced to 10% from 15% per annum, EQTEC said, with the maturity date extended to 20 December 2020 from 14 July 2020.

Ian Price, chief executive of EQTEC, said the increased facility was “significant” for the firm’s growth optimisation plan as it ensured the company would be in a sound financial position to deliver projects in its pipeline in the near term.

“We believe we now have greater control of the key workstreams required for a successful sales execution. EQTEC currently finds itself presented with significant near-term contract opportunities ranging from €10mln-€100mln, which we wish to capitalise on in the near future”, Price added.

The loan facility extension also follows behind a “landmark deal” for EQTEC last week when US power plant firm Phoenix Energy signed a first equipment purchase contract for the company’s gasification-to-energy technology.

EQTEC shares were up 1% at 1.5p.

Tue, 22 Jan 2019 11:06:00 +0000
<![CDATA[RNS press release - Altair Loan Facility - Update ]]> Tue, 22 Jan 2019 09:53:25 +0000 <![CDATA[Media files - EQTEC Plc's Ian Price hails significant new contract with Phoenix Energy ]]> Thu, 17 Jan 2019 14:24:00 +0000 <![CDATA[News - EQTEC jumps as it signs “landmark deal” for a first equipment purchase contract with US firm Phoenix Energy ]]> EQTEC Plc (LON:EQT) shares shot higher on Tuesday after it revealed a “landmark deal”, with Phoenix Energy signing a first equipment purchase contract in relation to the US company's first power plant in California.

The AIM-listed firm which is developing technology solutions for biomass gasification-to-energy projects said Phoenix will be the first customer in the US to utilise EQTEC's gasification-to-energy technology. and the company expects that this will lead to further opportunities throughout the US market.

READ: EQTEC agrees to amend loan facility as it pursues contract opportunities

The company announced on 24 September 2018 that it had signed a Memorandum of Understanding (MoU) with Phoenix to supply its proprietary EQTEC Gasifier Technology for two power plants in California, expected to be valued in the region of EUR10mln.

It said that converting the MOU into a first formal contract with Phoenix represents a significant milestone for EQTEC and its management expect this first contract to start generating revenue during the first-half of 2019, continuing through the full-year 2019 and 2020.

Ian Price, EQTEC’s CEO , commented: "This is a landmark deal for EQTEC which highlights the global reach of our technology.”

He added: “This contract represents the first contract signed as part of this plan and the Company will continue to focus on executing opportunities in its project pipeline, including the contract for Phoenix's second power plant, in the near term.”

In early morning trading, EQTEC shares jumped 22.5% higher to 1.45p.

Tue, 15 Jan 2019 09:44:00 +0000
<![CDATA[RNS press release - Contract with Phoenix Energy ]]> Tue, 15 Jan 2019 09:19:14 +0000 <![CDATA[News - EQTEC agrees to amend loan facility as it pursues contract opportunities ]]> EQTEC Plc (LON:EQT) has executed final legal documentation to amend an existing secured loan facility with Cuart Investments Fund and associates.

The technology solution company for waste gasification to energy projects initially entered into the loan with lenders on July 5 and last October agreed to amend it to increase the secure facility up to US$10mln.

READ: EQTEC boosts loan facility by US$10mln

The group said it has significant near term contract opportunities and has agreed to further amend the terms of the loan facility in order to allow the company to focus its financial resources on delivering projects within the pipeline in the near future.

Lenders agreed to amend the terms so that repayment amounts due after January 5 will now commence on April 5.  A monthly fee of US$6,667 will be paid on the fifth day of each month beginning on April 5 for 15 months.

As of January 5, the outstanding balance owed was US$3,228,000 of principal, plus accrued and unpaid interest thereon. Payments of capital and interest due and outstanding under the loan on this date were US$486,893. The company has agreed with the lenders to make a minimum cash payment of US$100,000 of this balance by the end of January with the balance of US$386,893 being paid no later than  February 28.

“This amendment to the loan facility will allow the company to pursue our goal of generating revenue both through the execution of new and existing contracts ranging from €10mln to €100mln,” said chief executive Ian Price.

"The ongoing support of the lenders along with other key stakeholders is a testament to their confidence in EQTEC's ability to execute its growth strategy. We look forward to providing shareholders with further updates as we seek to strengthen our position in the market."

Fri, 11 Jan 2019 09:54:00 +0000
<![CDATA[RNS press release - Amendment to Loan Facility ]]> Fri, 11 Jan 2019 09:05:58 +0000 <![CDATA[RNS press release - Nomad Status - Update ]]> Tue, 18 Dec 2018 07:00:07 +0000 <![CDATA[RNS press release - Financing facility drawdown ]]> Fri, 14 Dec 2018 07:00:03 +0000 <![CDATA[RNS press release - Nomad status ]]> Thu, 06 Dec 2018 07:00:11 +0000 <![CDATA[RNS press release - Result of AGM ]]> Fri, 30 Nov 2018 14:35:15 +0000 <![CDATA[RNS press release - Notice of 2018 AGM ]]> Fri, 09 Nov 2018 07:00:02 +0000 <![CDATA[RNS press release - Replacement: Director subscription and share issue ]]> Tue, 30 Oct 2018 14:48:10 +0000 <![CDATA[RNS press release - Director share subscription and share issue ]]> Mon, 29 Oct 2018 07:00:07 +0000 <![CDATA[News - EQTEC boosts loan facility by US$10mln ]]> Eqtec PLC (LON:EQT) has increased its loan facility with Cuart Investments by US$10mln.

The waste-to-gas specialist will receive net approximately US$0.8mln after expenses from the first tranche to be drawn down today.

Terms will see the lenders receive warrants over 33.4mln shares exercisable at 1.57p within three years.

Wed, 03 Oct 2018 16:12:00 +0100
<![CDATA[RNS press release - Increase in existing loan facility ]]> Wed, 03 Oct 2018 10:19:16 +0100 <![CDATA[Media files - EQTEC Plc in a strong position to return to profitability - CEO Ian Price ]]> Mon, 01 Oct 2018 13:22:00 +0100 <![CDATA[RNS press release - Interim Results ]]> Thu, 27 Sep 2018 07:00:10 +0100 <![CDATA[RNS press release - EQTEC technology selected for two US Power Plants ]]> Mon, 24 Sep 2018 07:00:11 +0100 <![CDATA[Media files - EQTEC PLC's new CEO says improved project delivery can transform gas from waste specialist ]]> Tue, 18 Sep 2018 09:59:00 +0100 <![CDATA[RNS press release - Strategic Review ]]> Fri, 24 Aug 2018 07:00:05 +0100 <![CDATA[RNS press release - Appointment of new CEO and issue of shares ]]> Mon, 06 Aug 2018 07:05:52 +0100 <![CDATA[RNS press release - Standstill Agreement on Loan Conditions ]]> Mon, 30 Jul 2018 16:02:05 +0100 <![CDATA[RNS press release - Second Price Monitoring Extn ]]> Fri, 27 Jul 2018 14:05:43 +0100 <![CDATA[RNS press release - Price Monitoring Extension ]]> Fri, 27 Jul 2018 14:00:33 +0100 <![CDATA[RNS press release - Equity Subscription and New Debt Facility ]]> Thu, 05 Jul 2018 07:00:05 +0100 <![CDATA[RNS press release - Final Results ]]> Fri, 29 Jun 2018 07:00:06 +0100 <![CDATA[RNS press release - Price Monitoring Extension ]]> Thu, 14 Jun 2018 14:00:27 +0100 <![CDATA[RNS press release - EQTEC technology selected for 12MWe Power Plant ]]> Thu, 14 Jun 2018 10:31:38 +0100 <![CDATA[RNS press release - Issue of Shares ]]> Thu, 31 May 2018 07:00:04 +0100 <![CDATA[RNS press release - Price Monitoring Extension ]]> Tue, 29 May 2018 09:00:22 +0100