Business
Gasification Strategy
Forgent PLC is focusing its gasification strategy on the commissioning and stabilization of reference plants in Greece and North Fork, California, to demonstrate the commercial viability of its EQTEC technology. The company is also addressing a legacy claim from SCV North Fork LLC, with mediation scheduled for April 2026, and is exploring opportunities in sustainable aviation fuel and decentralized energy systems. Additionally, Forgent is in discussions for technology performance risk insurance and is reviewing its geographic footprint and subsidiaries to streamline operations and focus on priority projects, aiming to rebuild its commercial pipeline with an emphasis on project quality and financial stability. Disclaimer*
About this update from Forgent Plc
[{"type":"text","content":"\n\n12 March 2026\nFORGENT PLC\n(\"FORGENT\" or the \"Company\")\nGasification Strategy - focus on commissioning and rebuilding revenue pipeline\nForgent plc, the technology-led energy transition company, is pleased to provide an update on the strategy and operational progress of its gasification business, which operates under the EQTEC brand.\n \nThe Company confirms that the immediate strategic priority for its gasification activities is the successful commissioning and stabilisation of operating reference plants at customer sites in Greece and at North Fork, California, USA.\n \nThe Board believes that sustained and reliable operations at these sites are critical to demonstrating the repeatability, bankability and commercial scalability of EQTEC's proprietary gasification technology. The Company's focus is therefore on disciplined project execution, technical optimisation and operational support to ensure that these facilities achieve consistent performance in line with design parameters and customer requirements.\n \nSuccessful commissioning and stable operations at these sites are expected to:\n• provide validated reference plants under EQTEC's technology and integration model;\n• strengthen customer confidence in the Company's delivery capability;\n• support the rebuilding and conversion of the commercial pipeline; and\n• enhance the Company's ability to secure further scaled project opportunities.\n \nGreece In Greece, the Company is working closely with its customer Agrigas and local partners to complete final commissioning activities, optimise feedstock handling and syngas performance, and support the transition to steady-state operations. EQTEC personnel are on site this week and a further announcement will be made upon successful commissioning.\n \nNorth Fork At North Fork in California, EQTEC continues to provide technical oversight, engineering support and operational integration services as the plant progresses through commissioning and performance testing. The Company's technical teams have been deployed on site several times during Q4 2025 and Q1 2026 and are expected to return in April as commissioning progresses.\n \nAs previously announced the Company remains a joint defendant along with five others in a legacy claim brought by SCV North Fork LLC (\"SCV\"), the original tax-credit...