TIDMEQT
RNS Number : 0832N
EQTEC PLC
30 May 2022
30 May 2022
EQTEC plc
("EQTEC", the "Company" or the "Group")
Positive report on conversion of contaminated plastic waste to
syngas through EQTEC technology
EQTEC plc (AIM: EQT), a world-leading technology innovation
company enabling the Net Zero Future through advanced solutions for
hydrogen, biofuels, SNG and other energy production , is pleased to
announce that the Université de Lorraine ("UoL") has released a
report verifying that EQTEC's Advanced Gasification Technology
successfully converts contaminated plastic waste into synthesis gas
("syngas") cleanly, stably and efficiently (the "Report").
The Report was compiled by UoL following a series of successful
tests on contaminated plastics undertaken in December 2021 (the
"Tests") at EQTEC's technology innovation facility in France. The
Company has for 10 years worked in partnership with the Energy from
Biomass and Wastes ("ERBE") team, part of the Laboratoire d'Etudes
et de Recherche sur le Matériau Bois ("LERMAB") at UoL in Nancy,
France to pursue research and development of syngas production
based on EQTEC's Advanced Gasification Technology. The partnership
supports both parties' understanding of a greater range of biomass
and waste feedstocks and a greater range of syngas applications,
including generation of electricity and heat and production of
synthetic methane and hydrogen.
The main conclusions from the Report are:
-- EQTEC's Advanced Gasification Technology is effective for contaminated
plastic waste gasification, providing very good conversion results
in line with results obtained from traditional feedstocks such
as biomass (from which commercial plants running EQTEC technology
have delivered 90%+ operational availability);
-- The calorific content of the syngas produced through EQTEC's
technology from plastic-containing waste is much higher than
that typically recorded for syngas produced from biomass feedstock;
-- The tar content of the syngas produced through EQTEC's technology
from plastic-containing waste is low, so that the syngas purity
can support a wide range of advanced energy and biofuels applications;
-- Throughout the test period, the composition of the syngas remained
stable, with no incidence of feeding-in or other issues typical
of plastics or refuse-derived fuel (RDF) gasification;
-- Emissions from direct combustion of the syngas in a boiler and
without the use of additional flue gas treatment are well below
a wide range of regulatory limits for polycyclic aromatic hydrocarbons
(PAH) (80% lower versus limits), dioxins and furans (70% lower)
and metals (10 - 1,000 times lower), indicating that the EQTEC-patented
conditioning treatments work well with complex feedstocks; and
-- The duration of the tests, the syngas stability and the accuracy
of the closing heat and mass balances were satisfactory, further
validating the accuracy of EQTEC's proprietary simulation model,
applied to the design of industrial-scale as well as small-scale
installations.
The Tests were conducted toward pursuit of a pipeline of
projects with SEPS SAS ("SEPS"), a French company specialising in
the management and recycling of industrial waste. SEPS were a
partner in the test, preparing the feedstock as part of their own
long term research efforts into industrial waste-to-energy. As
previously announced on 14 March 2022, the Company and SEPS intend
to collaborate in development of contaminated waste treatment
plants applying their combined capabilities. The first project is
aimed at an on-premise, industrial facility in Haute-Garonne,
France.
The Tests form part of the Company's technology innovation
programme, which in 2022 also aims at development of steam-oxygen
gasification to support production of hydrogen, synthetic natural
gas and advanced biofuels. The programme will engage a range of
technology partners and existing research partners in the
development of integrated solutions for low-carbon, fossil fuel
replacements based on syngas. In addition to UoL, the Company's
technology partners include Wood and other, top-tier companies to
be announced in due course.
Dr Yoel Alemán, CTO of EQTEC, commented:
"These successful results reaffirm the precision of our
proprietary computational model and its ability to accurately
predict the syngas composition of a new and interesting feedstock.
Unrecyclable plastic waste is a challenging global problem, and its
clean disposal is supported by only a small number of prospective
solutions. Not only are we excited to cleanly and efficiently
convert this difficult feedstock into energy and biofuels, but we
believe our delivery of scalable solutions for that purpose will
enjoy strong commercial demand, backed by government support . Our
extensive R&D programme with LERMAB and our broader innovation
programme with leading technology partners will keep us at the
leading edge of clean solutions that address the world's waste and
energy challenges."
Professor Yann Rogaume, Professor and Head of Research Team at
Université de Lorraine, commented:
"This report builds on our l ong-standing collaboration with
EQTEC at our R&D plant which has been operating for the past 10
years. Our teams' specialist capabilities are in fine-tuning
EQTEC's technology equipment and process, to prove that it can
successfully handle an increasingly diverse group of very complex
waste feedstocks, which now includes contaminated plastics such as
the industrial materials we tested from SEPS. This series of tests
opens the door to proving the capabilities of hydrogen production
from syngas with high efficiency and low environmental emissions
rates ."
Laurent Rousseau, CEO of SEPS, commented:
"Everyone at SEPS is e xcited by this report which verifies that
contaminated plastics waste can be treated cleanly, safely and
efficiently by producing an intermediary fuel for power, heat and
biofuel production. We look forward to the developing the first
plant at our facility in Haute-Garonne, France, as part of our
collaboration with EQTEC in due course. The results of the tests
place us in good stead for the upcoming permitting phase and will
offer the sector a treatment for production of energy."
ENQUIRIES
EQTEC plc +44 203 883 7009
David Palumbo / Nauman Babar
-----------------------
Strand Hanson - Nomad & Financial Adviser +44 20 7409 3494
-----------------------
James Harris / James Dance
-----------------------
Arden Partners - Joint Broker +44 20 7614 5900
-----------------------
Paul Shackleton (Corporate) / Simon Johnson
(Sales)
-----------------------
Canaccord Genuity - Joint Broker +44 20 7523 8000
-----------------------
Henry Fitzgerald-O'Connor / James Asensio
/ Patrick Dolaghan
-----------------------
Alma PR - Financial Media & Investor Relations +44 20 3405 0205
-----------------------
Josh Royston / Sam Modlin / Matthew Young EQTEC@almapr.co.uk
-----------------------
+44 7554 014 188 / +44
BECG - General Media Enquiries 7867 452 269
-----------------------
Carrie Lowe / Tom Gosschalk EQTEC@BECG.com
-----------------------
About EQTEC plc
As one of the world's most experienced gasification technology
and engineering companies, with a growing track record of
delivering operational and commercial success for transforming
waste-to-energy through best-in-class technology innovation,
engineering and project development , EQTEC brings together design
innovation, project delivery discipline and solid commercial
experience to add momentum to the global energy transition. EQTEC's
proven, proprietary and patented technology is at the centre of
clean energy projects, sourcing local waste, championing local
businesses, creating local jobs and supporting the transition to
localised, decentralised 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
farmers, industrial waste and sludge from factories and municipal
waste, all with no hazardous or toxic emissions. EQTEC's solutions
produce a pure, high-quality synthesis gas ("syngas") that can be
used for the widest range of applications, including the generation
of electricity and heat, production of synthetic natural gas
(through methanation) or biofuels (through Fischer-Tropsch,
gas-to-liquid processing) and reforming of hydrogen.
EQTEC's technology integration capabilities enable the Group 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 recognises
listed companies with 50% or more of revenues from
environmental/green solutions.
Further information on the Company can be found at www.eqtec.com
.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCFIFETEVIDFIF
(END) Dow Jones Newswires
May 30, 2022 02:00 ET (06:00 GMT)
Eqtec (LSE:EQT)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024
Eqtec (LSE:EQT)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024