EQTEC gets planning approval for Billingham waste-to-gas plant

Approval is for a revised scheme that reduces the size of the plant


EQTEC PLC (LON:EQT) said it has received local council approval for a 25MWe waste-to-gas plant at Billingham, Teeside.

The resolution from Stockton-on-Tees Borough Council is for a revised scheme that EQTEC said both improves the economics of the project and reduces the size of the footprint of the plant.

EQTEC signed an option to acquire the land at the Haverton Hill site in December. 

David Palumbo, chief executive, said that he was delighted with the approval, which he described as a milestone for the company: "EQTEC estimates that, with the application of our advanced gasification technology, this sustainable waste-to-energy Project will convert 200,000 tonnes of non-recyclable household and commercial waste each year into 25MWe of green electricity and 34MW of thermal heat production.”

Once full commercial EPC offers are reviewed and negotiated to contract, a final decision will be reached with regards the funding structure for the project, he added.

A grid connection for the project has been secured and completed technical due diligence with technology insurance providers while discussions with potential funders and co-developers are progressing well, Palumbo said.

To date, four commercial plants have been built and are using EQTEC's advanced gasification technology.

Quick facts: EQTEC PLC

Price: 1.52 GBX

Market: AIM
Market Cap: £107.83 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


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...

In exchange for publishing services rendered by the Company on behalf of EQTEC PLC named herein, including the promotion by the Company of EQTEC PLC in any Content on the Site, the Company receives from said issuer...


Market Report: FTSE fumbles after Wall Street endures tech selloff as US...

FTSE 100 largely avoided the carnage seen in Asian and US markets overnight caused by rising US bond yield and a slump in technology stocks. London’s blue-chip index was down 9 points at 6,642 in early trades.   Scottish Mortgage Trust (LON:SMT) is a big faller. The trust is one of the...

1 week ago

2 min read