Business
France government award for potential RNG project
France government award for potential RNG project.
About this update from Forgent Plc
[{"type":"text","content":"\n \n \n 23 March 2023\n \n \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 France government award towards potential waste-to-RNG project\n \n \n \n \n \n \n \n EQTEC 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 EQTEC France SAS (\"EQTEC France\") has been appointed by the French national government via the Préfet de la Région Provence-Alpes-Côte-d'Azur (the \"Prefecture\") to lead a technical and commercial feasibility (the \"Feasibility\") on the site of a decommissioned, coal-fired power station in Meyreuil, Aix-en-Provence, Bouches-du-Rhône, France (the \"Site\").\n \n \n \n \n \n The Feasibility is fully funded by national and regional governments under the Pact for Ecological and Industrial Transition of Gardanne-Meyreuil with an initial budget granted to EQTEC France of €1 million. The Feasibility will consider one of four potential projects at the Site, where the Gardanne power station (\"Gardanne\") formally operated. The Feasibility is expected to complete in the first half of 2023.\n \n \n \n \n \n EQTEC France will lead the Feasibility, to review the Site's requirements and the potential for EQTEC solutions, working with local development consultants to assess the commercial viability and development requirements. EQTEC's engineering team will take the lead in assessing design, engineering and other technical considerations.\n \n \n \n \n \n The intention of national and regional stakeholders is to revitalise the Site by deploying new energy infrastructure that is clean, sustainable, and commercially viable, and to employ local people, particularly workers from the legacy plant. Through the Feasibility, the Prefecture and other stakeholders intend to explore the technical and commercial viability of a potential facility built around EQTEC technology, with particular interest in production of renewable natural gas (\"RNG\") from a variety of wood waste types.\n \n \n \n \n \n Following the Feasibility, the Company will have the opportunity for additional design work, in partnership with France-based developers, to formalise a project and advan...