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EQTEC teams up with French research laboratory to test refuse-derived fuel

The waste gasification-to-energy specialist believes data from these test will help attract a wider range of potential project investors and speed up the financial decision-making process

EQTEC PLC -

Fuel derived from EQTEC PLC’s (LON:EQT) waste-to-energy technology demonstration plant in France has been approved for testing by a “world class” local research laboratory.

LERMAB, the University of Lorraine’s research laboratory on wood material, will carry out tests using refuse-derived fuel (RDF) produced at the plant, which was built by EQTEC in collaboration with the university.

READ: EQTEC raises over £950,000 from share subscription

AIM-listed EQTEC said it believes the ability to test RDF as a feedstock in the plant “is of significant importance”, as it should provide accurate operational data on the behaviour of project-specific types of RDF that can then be shared with existing and potential new clients.

The company thinks such data will not only attract a wider range of potential project investors and speed up the financial decision-making process, but also 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.”

The plant was built in 2015 and has been testing various biomass fuels, with an upgrade in 2019 allowing it to carry out RDF tests for blue chip operators in the waste sector, including EDF Group's TIRU arm specialising. 

EQTEC’s chief technology officer, Yoel Aleman, said the RDF testing capability “will deepen and strengthen our relationship with universities and research centres committed to finding energy from waste solutions, which are both commercially viable and environmentally sound, through the use of our EGT technology”.

Last year, EQTEC won its first power agreement in France, a €5.5mln (£4.7mln) contract to develop a 1.18MW biogas power plant in the Gratens region in the southwest of the country for French group Biomasse 31.

 

Quick facts: EQTEC PLC

Price: 0.17 GBX

AIM:EQT
Market: AIM
Market Cap: £6.87 m
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