Business
Nobilis of Greece MOU & growing ewerGy partnership
Nobilis of Greece MOU & growing ewerGy partnership.
About this update from Forgent Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9991K\n EQTEC PLC\n 08 January 2021\n \n \n \n \n 8 January 2021\n \n \n EQTEC plc\n \n \n (\"EQTEC\", the \"Company\" or the \"Group\")\n \n \n \n \n \n Memorandum of Understanding with Nobilis Pro Energy of Greece\n \n \n and continuation of successful partnership with ewerGy GmbH of Germany\n \n \n \n \n \n EQTEC plc (AIM: EQT), a world leading gasification technology solutions company for sustainable energy-from-waste projects, is pleased to announce \n that, together with its German EPC partner ewerGy GmbH (\"ewerGy\"), the Company has signed a Memorandum of Understanding (the \"MoU\") with Nobilis Pro Energy S.A. (\"Nobilis\"), a private Greek company with a strong track record in the planning and construction of metal structures, metal buildings and other complex structures in Greece and abroad. As an established supporter of the waste-to-energy proposition, Nobilis has for many years researched options for waste treatment at olive mills and wineries and has received a licence and key permissions for a \n 0.9MWe \n gasification plant in Almyros, Greece (the \"Almyros Plant\").\n \n \n \n \n \n The MoU provides for the collaborative development of Nobilis's existing pipeline of opportunities in Thessalia and Central Greece and for the proposed delivery of these and further advanced gasification projects, starting with the Almyros Plant.\n \n \n \n \n \n The collaboration will be underpinned by a joint venture between EQTEC and ewerGy (the \"JV\"). The MoU, which will be formalised contractually, envisages that project SPVs will be established for each project opportunity taken forward by the parties, with the JV being the majority shareholder of each SPV and Nobilis as the minority shareholder. Each project will be subject to, inter alia, definitive agreements, funding and the granting of relevant permissions. The MoU sets out that Nobilis will be expected to provide the project pipeline, whilst the JV will be expected to source and provide project funding and project delivery capabilities (EQTEC will provide the design and core gasification technology and ewerGy will provide EPC services). \n \n \n \n \n \n The Board of EQTEC believes that the MoU underlines the growing momentum behind EQTEC's collaboration with ewerGy, the German energy equipment and solutions ...