TIDMEQT
RNS Number : 7025S
EQTEC PLC
18 July 2022
18 July 2022
EQTEC plc
("EQTEC", the "Company" or the "Group")
Resolution to grant planning consent at Southport Project
EQTEC plc (AIM: EQT), a world-leading technology innovation
company enabling the Net Zero Future through advanced solutions for
hydrogen, biofuels, SNG and other energy production , is pleased to
announce that it has secured a resolution to grant revised planning
consent for a Phase 1 waste recycling and anaerobic digestion
facility at its Southport Hybrid Energy Park project (the
"Project") with partner, Rotunda Group Ltd ("Rotunda") and its
subsidiary, Shankley Biogas Ltd.
Sefton Council's Planning Committee has granted revised planning
permission via delegated powers for the Project to build a complete
and local waste-to-energy solution.
The Phase 1 plan for the Plant includes a waste processing
facility, an anaerobic digestion ("AD") facility, combined heat and
power ("CHP") engines and a 2MW battery storage facility, all
developed with Anaergia, Inc. ("Anaergia"). Anaergia has also
agreed to provide EPC and O&M services for Phase 1, as the
Company announced on 24 June 2022. The waste processing facility
would separate renewables for recycling elsewhere, separate
organics for use by the AD facility and produce refuse-derived fuel
("RDF"). The Phase 1 Plant would convert 80,000 tonnes of waste per
year for six million cubic metres of biomethane to be injected into
the national gas transmission system, also pulling gas from the
grid to generate 9MWe for export to the national electricity
transmission system.
The Company, which is leading development of the Plant, has been
working on a Phase 2 plan which could add EQTEC synthesis gas
("syngas") technology to convert 25,000 tonnes of RDF per year,
supplied by the Plant's waste processing facility, into an
estimated 2.5 - 3.0MWe of clean electricity.
More recently, and in line with their Strategic Collaboration
Agreement ("SCA"), the Company and Wood have agreed to co-develop a
RDF-to-clean hydrogen solution that would replace or augment the
Phase 2 RDF-to-electricity solution. The RDF-to-hydrogen solution
would combine the Company's syngas technology with Wood's VESTA
syngas-to-hydrogen technology. Implementation of the solution is
subject to further planning permission.
With both Phase 1 and Phase 2 solutions in place, the full Plant
facilities are expected to export to the grid the equivalent of 20%
or more of Southport's energy requirement.
David Palumbo, CEO, EQTEC, commented:
"This is great news for Southport, which we have anticipated
these past months. As the co-developer of the project, EQTEC has a
strong interest in seeing construction get underway and this
advances us significantly toward that work. With Anaergia
positioned as the technology, EPC and O&M partner on Phase 1,
we have a strong foundation on which to proceed with Phase 2, which
would position EQTEC and Wood to deliver the UK's first
RDF-to-syngas-to-hydrogen capability. We enjoy strong local
relationships, strong local support and strong partners, a perfect
combination for building this innovative, commercially sustainable,
baseload energy solution for Southport's Net Zero future."
Further information about the Project
EQTEC is co-developer and gasification technology provider of
the development project for Southport Hybrid Energy Park, working
closely in partnership with Rotunda Group Limited and its
subsidiary Shankley Biogas Limited at Watts Industrial Estate,
Southport Hybrid Energy Park, Crowland Street, Southport,
Merseyside, UK. In September 2021 the Company signed a conditional
Share Purchase Agreement to acquire full ownership of the
Project.
ENQUIRIES
EQTEC plc +44 203 883 7009
David Palumbo / Nauman Babar
---------------------------
Strand Hanson - Nomad & Financial Adviser +44 20 7409 3494
---------------------------
James Harris / Richard Johnson
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Arden Partners - Joint Broker +44 20 7614 5900
---------------------------
Ruari McGirr (Corporate) / Simon Johnson
(Sales)
---------------------------
Canaccord Genuity - Joint Broker +44 20 7523 8000
---------------------------
Henry Fitzgerald-O'Connor / James Asensio
/ Patrick Dolaghan
---------------------------
Alma PR - Financial Media & Investor
Relations +44 20 3405 0205
---------------------------
Josh Royston / Sam Modlin EQTEC@almapr.co.uk
---------------------------
+44 (0) 20 7457 2381 / +44
Instinctif - General Media Enquiries (0) 7887 884794
---------------------------
Chris Speight / Tim Field EQTEC@instinctif.com
---------------------------
About EQTEC plc
As one of the world's most experienced gasification technology
and engineering companies, with a growing track record of
delivering operational and commercial success for transforming
waste-to-energy through best-in-class technology innovation,
engineering and project development , EQTEC brings together design
innovation, project delivery discipline and solid commercial
experience to add momentum to the global energy transition. EQTEC's
proven, proprietary and patented technology is at the centre of
clean energy projects, sourcing local waste, championing local
businesses, creating local jobs and supporting the transition to
localised, decentralised and resilient energy systems.
EQTEC designs, supplies and builds advanced gasification
facilities in the UK, EU and US, with highly efficient equipment
that is modular and scalable from 1MW to 30MW. EQTEC's versatile
solutions process over 50 varieties of feedstock, including
forestry wood waste, vegetation and other agricultural waste from
farmers, industrial waste and sludge from factories and municipal
waste, all with no hazardous or toxic emissions . EQTEC's solutions
produce a pure, high-quality synthesis gas ("syngas") that can be
used for the widest range of applications, including the generation
of electricity and heat, production of synthetic natural gas
(through methanation) or biofuels (through Fischer-Tropsch,
gas-to-liquid processing) and reforming of hydrogen.
EQTEC's technology integration capabilities enable the Group to
lead collaborative ecosystems of qualified partners and to build
sustainable waste reduction and green energy infrastructure around
the world.
The Company is quoted on AIM (ticker: EQT) and the London Stock
Exchange has awarded EQTEC the Green Economy Mark, which recognises
listed companies with 50% or more of revenues from
environmental/green solutions.
Further information on the Company can be found at www.eqtec.com
.
About Anaergia
Anaergia was created to eliminate a major source of greenhouse
gases ("GHGs") by cost effectively turning organic waste into
renewable natural gas ("RNG"), fertilizer and water, using
proprietary technologies. With a proven track record from
delivering world leading projects on four continents, Anaergia is
uniquely positioned to provide end-to-end solutions for extracting
organics from waste, implementing high efficiency anaerobic
digestion, upgrading biogas, producing fertilizer and cleaning
water. Our customers are in the Municipal Solid Waste, Municipal
Wastewater, Agriculture, and Food Processing industries. In each of
these markets Anaergia has built many successful plants including
some of the largest in the world. Anaergia owns and operates some
of the plants it builds, and it also operates plants that are owned
by its customers.
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