Business
Collaboration with Anaergia for Southport Project
Collaboration with Anaergia for Southport Project.
About this update from Forgent Plc
[{"type":"text","content":"\n \n \n 24 June 2022\n \n \n \n \n \n \n EQTEC plc\n \n \n \n (\"EQTEC\", the \"Company\" or the \"Group\")\n \n \n \n \n \n \n \n \n Collaboration with Anaergia Inc. for EPC and O&M at Southport Project\n \n \n \n \n \n \n \n \n EQTEC plc (AIM: EQT),\n a world-leading technology innovation company\n enabling the Net Zero Future through advanced solutions for hydrogen, biofuels, SNG and other energy production\n , is pleased to announce that, through its wholly owned subsidiary, Southport WTV Limited, and its partners Rotunda Group Limited (\"Rotunda\") and Rotunda's subsidiary, Shankley Biogas Limited (the \"Project SPV\"), the Project SPV has entered into a co-operation agreement (the \"Agreement\") with Anaergia Inc.\n (\"Anaergia\")\n for construction and operation of a multi-technology, waste-to-energy facility at Southport\n Hybrid Energy Park, Merseyside, UK (the \"Plant\").\n \n \n \n \n \n The Plant includes an Anaergia waste processing facility that will accept 80,000 tonnes of pre-processed municipal solid waste (\"MSW\") waste per year to both recover organics produce refused-derived fuel (\"RDF\") as well as an Anaergia anaerobic digestion facility that is designed to convert the recovered organics into six million cubic metres of biomethane per year, to be injected into the national gas transmission system. Through combined heat and power (\"CHP\") engines, the Plant will also pull gas from the grid to generate 9MWe for export to the national electricity transmission system. The Plant design also includes a 2MW battery storage facility.\n \n \n \n \n \n Under the Agreement, Anaergia are to undertake a full Engineering, Procurement & Construction (\"EPC\") role for the Plant based on a fixed price, lump sum contract for the capital works scope as well as a separate, minimum five-year contract to Operate & Maintain (\"O&M\") the Plant. The establishment of these two key relationships-for the EPC for the Project and for the O&M for the Plant-is critical for completing development and moving into the next phase of the Project.\n \n \n \n \n \n The Company, which is leading development of the Plant, intends in a future phase of work, subject to planning, to add EQTEC Advanced Gasification Technology that could convert 25,000 tonnes of RDF per year, supplied by the...