TIDMEQT
EQTEC PLC
11 July 2022
11 July 2022
EQTEC plc
("EQTEC", the "Company" or the "Group")
Appointment of Black & Veatch for Powertrain FEED on Deeside
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 , further to its announcement on 30 June 2022,
Deeside WTV Limited , a wholly owned subsidiary of EQTEC has
appointed Black & Veatch (U.K.) Limited ("Black & Veatch"),
a global engineering, procurement, consulting and construction
company specialising in sustainable infrastructure development, to
undertake the powertrain front-end engineering design ("FEED") for
Phase 2 of the Company's project at Deeside, Flintshire, UK (the
"Project").
The Black & Veatch scope of work includes FEED engineering
and preparation of an EPC cost estimate for power generation
equipment and systems. The scope does not include but is intended
to complement the engineering work already undertaken by the
Company and others for the feeding-in system, gasification island
upstream in the process from the powertrain as well as civil,
structural and architectural design. Black & Veatch will
undertake FEED refinement of the conceptual design, solicitation of
equipment pricing, and preparation of an EPC construction cost
estimate.
This appointment builds on Black & Veatch's previous work on
the Project announced by the Company on 01 April 2022, which
included a peer review and gap analysis of the overall Project
including technology interfaces.
The appointment also comes in the wake of similar appointments
by the Company, whereby it has confirmed formal agreements with a
range of technology and delivery partners whose capabilities
complement the Company's own. Through these relationships, the
Company seeks to develop a global partner network to support
delivery of EQTEC's proposition of its world-leading syngas
technology for a range of baseload energy and biofuel solutions in
the Net Zero future.
David Palumbo, CEO of EQTEC, said:
"This appointment of Black & Veatch advances our progress on
the Deeside project and deepens our relationship with top-tier
delivery partners. Completion of this next piece of work, together
with the considerable design work already completed on the other
elements of the project will put us in a strong position for
financial close and set us up for delivery of the second phase of
the innovative, multi-technology plant we have in mind for Deeside.
With the added support of local customers, suppliers and the local
authority, we are in an outstanding position to deliver real value
to the local community, from locally sourced waste."
Paul Harmer, Director of Conventional Generation at Black &
Veatch UK, said:
"The Deeside project is a very exciting one to be involved with,
and we're pleased that our role has been formally confirmed,
following delivery of our initial review of the overall project.
We're delighted to support EQTEC with the FEED requirements, to
ensure the team can continue the momentum towards financial close
and subsequent operations."
Further information about the Project
EQTEC is lead developer and technology provider for the Project
in partnership with Logik and Anaergia Inc. through the Project
SPV. As announced on 28 October 2021, Flintshire County Council's
Planning Committee has resolved to grant planning permission for
the proposed 9.9 MWe plant to enable a complete and local
waste-to-energy solution, combining a 182,000-tonne waste reception
plant along with 2 MW anaerobic digestion ("AD") and EQTEC Advanced
Gasification Technology. The planning authority's decision follows
its prior approval of the site for the original plan of a recycling
and AD facility. Additionally, through the Project, EQTEC and
Toyota are exploring an innovative, circular and sustainable
waste-to-energy solution for Toyota's engine manufacturing plant in
Deeside. The site is currently on 6.27 hectares of land off
Weighbridge Road on Deeside Industrial Estate, one of Europe's
largest such industrial sites. The Project site is wholly owned by
the Project SPV (acquired December 2020) and was formerly a Gaz de
France power station.
The Project is one of three waste-to-energy/fuel projects that
the Group is developing in the UK, including at Billingham,
Teesside and Southport, Merseyside.
ENQUIRIES
EQTEC plc +44 203 883 7009
David Palumbo / Nauman Babar
---------------------------
Strand Hanson - Nomad & Financial Adviser +44 20 7409 3494
---------------------------
James Harris / Richard Johnson
---------------------------
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
.
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