REG - EQTEC PLC - Positive report on EQTEC technology

EQTECAnnouncement

30/05/2022 07:15

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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 long-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 excited 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 (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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