RCS - EQTEC PLC - Appointment of Black & Veatch on Deeside Project

EQTECAnnouncement

11/07/2022 07:00

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RNS Number : 8916R  EQTEC PLC  11 July 2022

11 July 2022

EQTEC plc

("EQTEC", the "Company" or the "Group")

 

Appointment of Black & Veatch for Powertrain FEED on Deeside Project

 

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, further to its
announcement on 30 June 2022, Deeside WTV Limited, a wholly owned subsidiary
of EQTEC has appointed Black & Veatch (U.K.) Limited ("Black &
Veatch"), a global engineering, procurement, consulting and construction
company specialising in sustainable infrastructure development, to undertake
the powertrain front-end engineering design ("FEED") for Phase 2 of the
Company's project at Deeside, Flintshire, UK (the "Project").

 

The Black & Veatch scope of work includes FEED engineering and preparation
of an EPC cost estimate for power generation equipment and systems.  The
scope does not include but is intended to complement the engineering work
already undertaken by the Company and others for the feeding-in system,
gasification island upstream in the process from the powertrain as well as
civil, structural and architectural design. Black & Veatch will undertake
FEED refinement of the conceptual design, solicitation of equipment pricing,
and preparation of an EPC construction cost estimate.

 

This appointment builds on Black & Veatch's previous work on the Project
announced by the Company on 01 April 2022, which included a peer review and
gap analysis of the overall Project including technology interfaces.

 

The appointment also comes in the wake of similar appointments by the Company,
whereby it has confirmed formal agreements with a range of technology and
delivery partners whose capabilities complement the Company's own. Through
these relationships, the Company seeks to develop a global partner network to
support delivery of EQTEC's proposition of its world-leading syngas technology
for a range of baseload energy and biofuel solutions in the Net Zero future.

 

David Palumbo, CEO of EQTEC, said:

"This appointment of Black & Veatch advances our progress on the Deeside
project and deepens our relationship with top-tier delivery partners.
Completion of this next piece of work, together with the considerable design
work already completed on the other elements of the project will put us in a
strong position for financial close and set us up for delivery of the second
phase of the innovative, multi-technology plant we have in mind for Deeside.
With the added support of local customers, suppliers and the local authority,
we are in an outstanding position to deliver real value to the local
community, from locally sourced waste."

 

Paul Harmer, Director of Conventional Generation at Black & Veatch UK,
said:

"The Deeside project is a very exciting one to be involved with, and we're
pleased that our role has been formally confirmed, following delivery of our
initial review of the overall project. We're delighted to support EQTEC with
the FEED requirements, to ensure the team can continue the momentum towards
financial close and subsequent operations."

 

Further information about the Project

 

EQTEC is lead developer and technology provider for the Project in partnership
with Logik and Anaergia Inc. through the Project SPV. As announced on 28
October 2021, 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 2 MW 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. Additionally, through the Project, EQTEC and Toyota are exploring
an innovative, circular and sustainable waste-to-energy solution for Toyota's
engine manufacturing plant in Deeside. The site is currently 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.

 

The Project is one of three waste-to-energy/fuel projects that the Group is
developing in the UK, including at Billingham, Teesside and Southport,
Merseyside.

 

ENQUIRIES

 EQTEC plc                                                     +44 203 883 7009
 David Palumbo / Nauman Babar

 Strand Hanson - Nomad & Financial Adviser                     +44 20 7409 3494
 James Harris / Richard Johnson

 Arden Partners - Joint Broker                                 +44 20 7614 5900
 Ruari McGirr (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                                     EQTEC@almapr.co.uk (mailto:EQTEC@almapr.co.uk)

 Instinctif - General Media Enquiries                          +44 (0) 20 7457 2381 / +44 (0) 7887 884794
 Chris Speight / Tim Field                                     EQTEC@instinctif.com (mailto:EQTEC@instinctif.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
(http://www.eqtec.com/) .

 

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