Developing technology and commercial partnerships to meet waste
management targets, reduce emissions, and growing demand for
energy, hydrogen and biofuels in the ASEAN region and South Korea
LONDON, March 31, 2022 /PRNewswire/ -- EQTEC plc
(AIM: EQT, "the Company"), a world-leading technology company
enabling the Net Zero Future through advanced solutions for
hydrogen, biofuels, SNG, and other energy production, is pleased to
announce its strategic framework and expansion strategy update that
articulates the Company's strategic ambitions in Asia. To build on its momentum of strong
growth and in the interest of long-term development, the Company
works with strategic, go-to-market (GTM) and commercial partners to
develop modular, scalable, and baseload energy generation and
biofuel production plants generation plants that support local
communities and the environment.
Strategy to develop project pipelines and local
shareholder ecosystems by local Go-To-Market entities
Recognizing the urgent need for climate action and green energy
production, governments and businesses are moving towards waste
reduction, pollution mitigation, and more efficient energy
production. EQTEC, with its proprietary clean technology and
expertise, is well positioned to meet heightened waste management,
decarbonization, and energy demands, and the Company is working to
actively shape the waste-to-value ecosystem while enhancing and
streamlining its own internal operations.
The company's strategy for technological distribution and future
licensing is driven by local GTM entities that develop project
pipelines and local shareholder ecosystems. Such entities will
become the future licensors of EQTEC's technology solutions for
specific markets, with the potential to grow at scale and even IPO.
In markets such as the UK, France,
Italy, Spain, and Germany, GTM entities are wholly-owned
subsidiaries of EQTEC, while in markets such as Croatia, Greece, and the US, entities are typically
organized as joint ventures, with EQTEC retaining a consolidating
majority share of the company's capital. The recently-formed GTM
subsidiary in France is a typical
example of a wholly-owned subsidiary, with a significant pipeline
projects with total CAPEX ranging between EUR 25-50 million each, representing to EQTEC
potential sales of ~EUR 10-20
million. The Company's French subsidiary is currently developing
four projects with local owners and has another seven projects
under review.
Together with partners, EQTEC's commercially-validated
technologies can help countries and companies achieve meaningful
decarbonization, advance along the energy transition to achieve Net
Zero, and support local communities and the circular economy.
Furthermore, the Company's waste-to-syngas from its Advanced
Gasification Technology capabilities can help companies and
communities reduce waste volume and avoid landfills; generate
energy and biofuels while reducing greenhouse gas emissions; and
mitigate pollution such as fly ash, heavy metals, and hazardous
waste. With applications ranging from industrial energy production
to forest fire risk mitigation, the Company is well-positioned to
access growth opportunities in an expanding segment.
Well positioned to help industries in Asia manage waste and generate
energy
In keeping with its disciplined and focused business model,
EQTEC is selectively developing technology and commercial
partnerships and sourcing and executing projects in international
markets, including in Asia. The
region offers a substantial addressable market for waste
processing, as Asia continues to
experience growing prosperity, heightened energy consumption, and
increased product demand, while reuse and recycling remain
under-developed. Furthermore, with growing scrutiny around waste
processing and heightened public interest in the fields of waste
disposal and green energy, more environmentally-responsible
alternatives to landfills and incineration are necessary.
EQTEC is currently seeking to qualify and develop an ecosystem
of strategic delivery partners to fulfil growing demand in
Asia (including ASEAN and
South Korea) for 2023 and 2024. In
addition to having attracted significant attention from large
project developers and established operators with projects in
South Korea, Vietnam and Indonesia, EQTEC is further exploring options
to partner with infrastructure funds and strategic energy/waste
operators and owners in Asia. The
Company plans to deploy its technology and serve as a responsible
partner in Asia's decarbonisation
and ecological transition, in line with national and regional
carbon neutrality and circular economy goals. The current qualified
pipeline in Asia can be valued
conservatively at EUR 250+ million.
With EQTEC's proprietary innovation and technology capabilities,
the Company is expected to help industries in Asia manage waste and generate baseload
energy, hydrogen and biofuels, while meaningfully reducing the
pollution and hazardous by-products seen in standard incineration
or landfill operations.
About EQTEC plc
As one of the world's most experienced gasification technology
and engineering companies, and with a growing track record of
operational and commercial success in the waste-to-energy space
through its best-in-class technology innovation, engineering, and
project development, EQTEC brings together design innovation,
project delivery discipline, and solid commercial experience to the
global energy transition. EQTEC's proven, proprietary, and patented
technology is at the centre of clean energy projects; local waste
sourcing, business promotion, and job creation; and the transition
to localized, decentralized, and resilient energy systems.
EQTEC designs, supplies, and builds advanced gasification
facilities in the UK, EU, and US, with highly-efficient equipment
that is modular and scalable (from 1MW to 30MW). EQTEC's versatile
solutions process over 50 varieties of feedstock, including
forestry wood waste, vegetation, and other agricultural waste from
farms, industrial waste and sludge from factories, and municipal
waste, all without hazardous or toxic emissions. EQTEC's solutions
produce a pure, high-quality syngas that can be used for a wide
range of applications, including the generation of electricity and
heat, the production of synthetic natural gas (through methanation)
or biofuels (through Fischer-Tropsch, gas-to-liquid processing),
and the generation of hydrogen gas.
EQTEC's technology integration capabilities enable the Company
to lead collaborative ecosystems of qualified partners and to build
sustainable waste reduction and green energy infrastructure around
the world.
The Company is quoted on AIM (ticker: EQT), and the London Stock
Exchange has awarded EQTEC the Green Economy Mark, which recognizes
listed companies with 50% or more of revenues from
environmental/green solutions.
Further information on the Company can be found
at www.eqtec.com.