REG - EQTEC PLC - ESG Statement

EQTECAnnouncement

13/01/2022 10:50

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RNS Number : 3648Y  EQTEC PLC  13 January 2022

 

13 January 2022

EQTEC plc

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

 

EQTEC ESG Statement: Carbon Engineering for a Net Zero Future

 

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 release its Environmental, Social and
Governance ("ESG") Statement of Intent (the "Statement").

 

The Statement sets out how the Company will build on its ESG achievements to
date and incorporate a range of ESG goals into its three-year business
strategy and annual business plans. The Company views realisation of these
goals as fundamental to its long-term commercial success and market role.

 

The Statement organises its ESG goals into four strategic priorities to focus
the Group, its projects, its people and its partners on accelerating progress
toward realisation of global Net Zero targets.

 

ESG goals in the three-year business strategy:

 

 ·         EQTEC focuses talent and innovation on CARBON ENGINEERING; we will innovate
           and deploy clean solutions for advanced biofuels and energy;

 ·         EQTEC is dedicated to re-establishing a CLEAN WORLD; we convert the world's
           waste into valuable energy and biofuels without creating dangerous pollutants
           or emissions. We will manage carbon for the Net Zero transition and transform
           waste to value;

 ·         EQTEC supports the development of SUSTAINABLE COMMUNITIES; we engage locally,
           employ locally, implement locally and maintain our technology locally. We will
           invest in responsible partners and suppliers and engage and support local
           communities; and

 ·         EQTEC commits to COMMERCIAL RESPONSIBILITY; we practice high standards of
           governance and management across our operations and value chain and
           communicate and engage openly with our stakeholders. We will build the best
           teams and keep them safe and grow and scale the business responsibly.

 

ESG goals in the 2022 business plan:

 

 ·         CARBON ENGINEERING: We will develop and take to market a new
           syngas-to-chemicals solution;

 ·         CLEAN WORLD: We will set out how and when we will achieve a Net Zero target
           for EQTEC, enabling a low-carbon future that meets or exceeds national Net
           Zero targets in all the jurisdictions in which we operate;

 ·         SUSTAINABLE COMMUNITIES: We will integrate ESG considerations into our
           comprehensive partner qualification process to ensure our partners build
           sustainable communities and businesses wherever we operate, supporting them
           where needed; and

 ·         COMMERCIAL RESPONSIBILITY: We will allow our people to participate in
           ownership of our business through granting long-term incentives (LTIs) to
           permanent staff and share-based payments to contractors.

 

The Group is establishing formal governance for ESG and integrating ESG
reporting into existing Group management reporting with ESG communication
aligned into its existing communication standards. A full year ESG report for
2022 will be released in Spring 2023.

 

David Palumbo, CEO of EQTEC, commented:

"Our ESG Statement is built on EQTEC's unique contribution to Net Zero carbon
engineering and technical innovation. Grounded in commercial responsibility,
and through its talent and focus on carbon engineering, EQTEC nurtures
sustainable communities toward concerted development of a clean world. EQTEC's
mission has long been intrinsically aligned into ESG and now is the time for
us to accelerate our efforts to build a leadership position in ESG, for
achieving Net Zero, for cleaning up and enabling communities and for building
a successful and sustainable commercial business."

 

Ian Pearson, Non-Executive Chairman of EQTEC, commented:

"EQTEC has long prioritised sustainable growth in its business strategy. The
ESG Statement enriches our strategy by setting ambitious goals for the Group
and its partners, suppliers and employees. It also makes the Company and its
leadership accountable for driving progress and communicating it to our
stakeholders. EQTEC is positioned to be a leading contributor to building the
world's capability to deliver Net Zero by 2050; today's announcement outlines
how the Group will make good on that role."

 

The ESG Statement is available on the company's website at www.eqtec.com
(http://www.eqtec.com) /latest-news/.

 

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 (mailto:EQTEC@almapr.co.uk)

 BECG - General Media Enquiries                                +44 7554 014 188 / +44 7867 452 269
 Carrie Lowe / Tom Gosschalk                                   EQTEC@BECG.com (mailto: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
(http://www.eqtec.com) .

 

 

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