EQTEC on course to be one-stop-shop for waste-to-energy projects

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  • EQTEC says revenue and earnings remain on track for 2021
  • EQTEC says latest update is focused on ‘execution and progressive opportunities in our pipeline’
EQTEC

Quick facts: EQTEC PLC

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Sustainable proprietary solutions for two of the world’s greatest challenges: managing rising levels of waste and meeting the growing demand for clean energy.

EQTEC is a clean technology company with proven, proprietary and patented technology for sustainable waste-to-value applications. EQTEC designs and supplies advanced gasification plans and has a higher efficiency product offering that it is modular and scalable from 1MW to 30MW. Commercial plants have been built and are operated using EQTEC’s technology. A key advantage is the versatility of the technology to process over 50 different types of feedstock, including municipal waste, agricultural waste, biomass and plastics. The company’s solutions produce a uniquely pure high-quality synthesis gas (syngas), that is capable of being used for the widest applications in the generation of clean energy, hydrogen and biofuels.

19 Jul 2021

(), a gasification technology and engineering company, said its revenue and earnings remain on track for 2021.

The company’s revenue forecast of about EUR15mln (GBP12.9mln) for the year remains in line with forecasts previously announced. Those forecasts anticipated a heavily back-loaded year for financial close of key opportunities and deal closure remains the primary focus of the company, it said.

“Subject to timely closure of target opportunities and timely receipt of development fees and initial payment for technology equipment and services, the company still expects to see its first year of profitability in 2021,” it said.

EQTEC also appointed Nauman Babar as finance director with immediate effect.

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12 Jul 2021

(), a gasification technology and engineering company, clarified its position in relation to North Fork Community Power LLC (NFCP) project in California.

The AIM-listed company said it is the technology provider to the waste-to-energy project and has no role or scope in relation to project management.

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21 Jun 2021

() has achieved financial close on the acquisition and planned recommissioning of the 1MWe EQTEC Italia MDC plant.

The binding legal documentation for financial close was signed on 18 June 2021, the gasification company told investors.

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19 Jul 2021

‘s () David Palumbo presents his latest trading update which he says is focused on ‘execution and progressive opportunities in our pipeline’.

The company’s revenue forecast of about EUR15mln (GBP12.9mln) for the year remains in line with forecasts previously announced.

Palumbo explains how the company is on target with their opportunities that are maturing and expects to see its first year of profitability in 2021.

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EQTEC says latest update is focused on ‘execution and progressive…

EQTEC PLC’s (LON:EQT) David Palumbo presents his latest trading update which he says is focused on ‘execution and progressive opportunities in our pipeline’.

The company’s revenue forecast of about EUR15mln (GBP12.9mln) for the year remains in line with forecasts previously…

15 hours, 1 minute ago

4 min read

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