Business
Collaboration Framework Agreement with Domi Ost
Collaboration Framework Agreement with Domi Ost.
About this update from Forgent Plc
[{"type":"text","content":"\n\n25 July 2023\n \nEQTEC plc\n(\"EQTEC\", the \"Company\" or the \"Group\")\n \nCollaboration Framework Agreement with Domi Ost\n \nEQTEC plc (AIM: EQT), a global technology innovator powering distributed, decarbonised, new energy infrastructure through its waste-to-value solutions for hydrogen, biofuels, and energy generation, is pleased to announce that it has signed a Collaboration Framework Agreement (the \"Agreement\") with Domi Ost Limited (\"Domi Ost\"), an Irish development and project management company dedicated to bringing advanced biofuel production to Ireland, other European markets and the UK.\n \nThrough the Agreement, the Company and Domi Ost (together, the \"Parties\") will collaborate on the design and development of projects in Ireland that deploy EQTEC synthesis gas (\"syngas\") technology for conversion of forestry, agricultural, industrial, municipal or other waste into renewable natural gas (\"RNG\"), hydrogen or other advanced applications such as ethanol or methanol.\n \nThe Parties have identified four projects to pursue together and have already undertaken qualification on one of them, including engagement with the prospective client. The Company will update the market as projects under review are qualified and managed through the pipeline.\n \nUnder the Agreement, Domi Ost will incubate and shape demand in Ireland and potentially other markets, manage stakeholders and drive project implementation. Domi Ost will also source and contract key parties for investment and delivery of projects, leaving EQTEC to focus on engineering and core technology integration and licensing. The Parties envision working with other third parties for syngas-to-molecule applications, as well as for construction of new energy plants.\n \nThe Agreement envisions no investment of either capital or unpaid resources by EQTEC into any projects targeted by the Parties. Any projects the Parties elect to progress to full development will be subject to separate, detailed contracts.\n \nDomi Ost is a development and project management company whose management bring decades of experience shaping and managing petrochemical and renewable energy projects in Ireland, across Europe and around the world. Domi Ost anticipates a good market in Ireland for advanced syngas technology for production of RNG...