Business
France project award with Idex Group
France project award with Idex Group.
About this update from Forgent Plc
[{"type":"text","content":"\n \n \n 27 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 \n France project award for waste-to-RNG plant with Idex Group\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 it has been awarded a project in partnership with French utility company and infrastructure owner Idex, by the Limoges Métropole (\"Limoges Metropolis\") in Nouvelle-Aquitaine, France (the \"Project\").\n \n \n \n \n \n The Project, to be developed by Idex with engineering and technology from EQTEC, is expected to result in a plant able to convert up to 45,000 tonnes per year of mixed waste, including contaminated wood waste, into up to nine million normal cubic metres per year of renewable natural gas (\"RNG\") (the \"Plant). Once operational, the partners expect that Idex will own and operate the Plant.\n \n \n \n \n \n The Project was awarded to the Company and Idex through a competitive tender and panel interview process that completed in late 2022. In addition to the French national government and expert engineering laboratories, the panel included Gaz Réseau Distribution France (GrDF) SA, France's primary natural gas distribution network operator and the Nouvelle-Aquitaine regional government, both of whom will supply funding to the Project. The Company and Idex worked together throughout the process, with a joint submission and presentation that won approval over competing bids. Limoges Metropolis has reserved the right to join a consortium with the Company and Idex as the project develops.\n \n \n \n \n \n The Project supports the Company's business strategy and is an important next step for demonstrating EQTEC's capabilities with applying its versatile synthesis gas (\"syngas\") technology to a variety of applications, including RNG. It builds on the waste wood conversion capabilities it is applying at its France Market Development Centre (\"MDC\") in Villers-sous-Montrond, France and on the steam-oxygen capabilities it installed in 2022 at its R&D facility hosted by the Université de Lorraine in Épinal, France. It also builds on the RNG trials tar...