Business
Operational and Project Update
Operational and Project Update.
About this update from Forgent Plc
[{"type":"text","content":"\n \nRNS Number : 6168V EQTEC PLC 09 April 2019 \n\n9 April 2019\n \nEQTEC plc\n \n \n(\"EQTEC\" or the \"Company\")\n \nOperational and Project Update \n \n \nEQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, is pleased to provide an update on recent operational and project developments.\n \nHighlights\n \n· Significant increase in the level of international interest in the Company's proprietary EQTEC Gasifier Technology (\"EGT\") from both existing and potential new customers, developers and engineering, procurement and construction (\"EPC\") contractors.\n· Advanced talks with a major business group in Spain to develop projects in the industrial and agricultural waste sector in Spain. \n· Advanced stage proposals for two refuse derived fuel (\"RDF\") projects in the UK, where EQTEC would provide EGT and could act as lead developer.\n· Engineering design work for Phoenix Energy's first power plant delivered and invoiced. Commencement of construction expected to begin later this year upon final granting of permits to Phoenix Energy, which have been delayed largely as a result of forest fires experienced in California in the autumn of 2018.\n· Together with Phoenix Energy, EQTEC is exploring further project opportunities in the US biomass market and a commercial proposal for a third project has been presented to Phoenix Energy.\n· Commercial proposal submitted to the owners of the Usk project to replace Brooke Energy as the developer of the project and for EQTEC to provide the technology and EPC services. \n \n \nProject Updates\n \nQ1 2019 has seen a significant increase in the level of international interest, including in the UK, the U.S. and Emerging Markets, in the Company's proprietary EGT from EPC contractors, existing and potential customers and development partners. Accordingly, the Company is progressing a number of potential deals.\n \nThe Company is in advanced talks with an existing client, a major business group in Spain, to enter into a collaboration agreement to promote and develop a number of projects including a second plant at one of its locations. EQTEC's focus has been to ...