TIDMEQT
RNS Number : 4958Q
EQTEC PLC
28 October 2021
28 October 2021
EQTEC plc
("EQTEC", the "Company" or the "Group")
Resolution to grant planning consent for gasification facility
at Deeside Project
and Collaboration Agreement with Anaergia Inc.
EQTEC plc (AIM: EQT), a world-leading gasification solutions
company building the future of a cleaner waste-to-energy industry,
is pleased to announce that it has secured a resolution to grant
planning consent for an advanced gasification facility deploying
EQTEC technology at its Deeside Refuse Derived Fuel project (the
"Deeside RDF Project") with partner, Logik Developments Limited, in
Flintshire, Wales.
Flintshire County Council's Planning Committee has resolved to
grant planning permission for the proposed 9.9 MWe plant to enable
a complete and local waste-to-energy solution, combining a 182,000
tonne waste reception plant along with anaerobic digestion ("AD")
and EQTEC Advanced Gasification Technology. The planning
authority's decision follows its prior approval of the site for the
original plan of a recycling and AD facility.
The additional Phase 2 permission creates an enhanced integrated
waste-to-energy solution, one that is more environmentally friendly
and economically efficient than legacy alternatives, in order to
directly address the challenges of waste reduction and the need for
clean energy, while also creating local jobs. The Project supports
Flintshire County Council's ambitions to achieve Net Zero carbon
emissions by 2030 and its overarching climate change agenda.
Collaboration with Anaergia Inc.
The Company can also announce that it has entered into a
co-operation agreement, through Logik WTE Limited (the "Project
SPV"), with Anaergia Inc. ("Anaergia") (together, "the Parties") to
develop a proposal for the delivery of the multi-technology
waste-to-energy project at Deeside .
Under the agreement, Anaergia will develop the engineering
design for both the waste processing facility and the AD plant. The
processing facility will take the waste and produce the required
standard of RDF fuel for EQTEC's Advanced Gasification Technology
employed at the plant. It will also utilise Anaergia's OREX(TM)
extrusion press to recover organics from the waste, which will be
processed in Anaergia's AD plant to produce renewable natural gas
(RNG) that will be injected into the national gas grid. Anaergia
has deferred the majority of its fees for the front-end engineering
and design until financial close, to further demonstrate commitment
in the project and partnership. In addition to the process and
design, the Parties have agreed to work exclusively together to
reach commercial agreements for the design and build of the waste
processing and the AD technologies and for the operation and
maintenance of the plant for a minimum of five years.
Highlights:
Feedstock
-- The Deeside RDF Project will have the capacity to
receive and sort c 182,000 tonnes of waste per year,
comprising approximately 60% municipal solid waste
and 40% commercial and industrial waste.
-- Under the new planning permission, a larger proportion
of the waste will now be utilised to make green energy,
as the RDF portion of the sorted waste, which would
typically be destined for landfill or incineration,
can now be used and transformed into green electricity.
Size
-- 9.9 MWe RDF-to-energy plant with EQTEC Advanced Gasification
Technology - providing 60,000-70,000 MW of electricity
per year from 60-70,000 tonnes of sorted RDF waste.
-- 2 MW AD plant - providing 5.5 million normal meter
cub (nM3) of bio-methane per year, working with Anaergia.
Collaboration with Toyota Motor Manufacturing (UK) Limited
-- On 11 March 2021, EQTEC announced that it had entered
a three-year collaboration framework agreement with
Toyota Motor Manufacturing (UK) Limited ("Toyota").
-- Through the Deeside RDF Project, EQTEC and Toyota
are exploring an innovative, circular and sustainable
waste-to-energy solution for Toyota's engine manufacturing
plant in Deeside. Solutions could include establishing
a supply to the Toyota engine manufacturing site
of green bio-methane gas and green electricity as
well as potential conversion of manufacturing waste
through the sharing of cost data, energy usage and
other information.
David Palumbo, CEO, EQTEC, commented:
"We are delighted by the resolution to grant planning consent
for the RDF Project at Deeside, with our technology enhancing the
existing permission for recycling and anaerobic digestion
facilities, to achieve better environmental profile than other
waste-to-energy methods. This milestone underlines the significance
of EQTEC's Advanced Gasification Technology for reducing waste,
producing green energy, powering local industry and communities,
and generating local jobs.
"This decision paves the way for us to formalise our agreement
with Anaergia, with appetite and synergies between the two parties
to replicate this type of project configuration on other plants in
the UK and potentially worldwide. It will also accelerate our
partnership with Toyota, taking us a step closer to delivering a
localised and environmentally friendly waste-to-energy plant for
the area around Deeside. Our Advanced Gasification is not a concept
technology for the future but a proven solution for today's
challenges of waste management and clean energy generation ."
Neil Spencer of Logik Developments, commented:
"We are delighted that we have now received a resolution for
planning consent for EQTEC's gasification technology at Deeside and
it is a great achievement for the team at Logik and their sister
company MBS Partnership who have worked tirelessly to make this
happen.
"To be involved in the first combined anaerobic digestion and
gasification plant in the UK and work with the likes of EQTEC and
Toyota is a great honour and we look forward to the construction of
this site as well as developing other sites with them throughout
the UK."
Martin Hopkins, MD of Anaergia UK, commented:
"This project offers a great model for the UK waste industry and
aligns closely with our mission to convert waste into useful
resources, protect the environment, and sustain life for
generations to come. We look forward to the opportunity to combine
Anaergia's organics industry-leading recovery and processing
technologies with EQTEC's advanced gasification expertise at the
Deeside facility."
Further information about the Project
EQTEC is lead developer and technology provider for the Deeside
RDF project, delivering the plant in partnership with Logik
Developments Limited through the Project SPV. The Deeside RDF
Project is one of three RDF-to-energy projects that the Company is
developing, including at Billingham, Teesside and Southport,
Merseyside.
The site is on 6.27 hectares of land off Weighbridge Road on
Deeside Industrial Estate, one of Europe's largest such industrial
sites. The project site is wholly owned by the Project SPV
(acquired December 2020) and was formerly a Gaz de France power
station.
ENQUIRIES
EQTEC plc +44 203 883 7009
David Palumbo / Nauman Babar
-----------------------
Strand Hanson - Nomad & Financial Adviser +44 20 7409 3494
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James Harris / James Dance
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Arden Partners - Joint Broker +44 20 7614 5900
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Paul Shackleton (Corporate) / Simon Johnson
(Sales)
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Canaccord Genuity - Joint Broker +44 20 7523 8000
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Henry Fitzgerald-O'Connor / James Asensio
/ Patrick Dolaghan
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Alma PR - Financial Media & Investor Relations +44 20 3405 0205
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Josh Royston / Sam Modlin / Matthew Young EQTEC@almapr.co.uk
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+44 7554 014 188 / +44
BECG - General Media Enquiries 7867 452 269
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Carrie Lowe / Tom Gosschalk EQTEC@BECG.com
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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
.
About Anaergia
Anaergia was created to eliminate a major source of greenhouse
gases ("GHGs") by cost effectively turning organic waste into
renewable natural gas ("RNG"), fertilizer and water, using
proprietary technologies. With a proven track record from
delivering world leading projects on four continents, Anaergia is
uniquely positioned to provide end-to-end solutions for extracting
organics from waste, implementing high efficiency anaerobic
digestion, upgrading biogas, producing fertilizer and cleaning
water. Our customers are in the Municipal Solid Waste, Municipal
Wastewater, Agriculture, and Food Processing industries. In each of
these markets Anaergia has built many successful plants including
some of the largest in the world. Anaergia owns and operates some
of the plants it builds, and it also operates plants that are owned
by its customers.
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