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EQTEC PLC continues to be very active in Advanced Gassification

EQTEC is a world-leading gasification solutions company building the future of a cleaner waste-to-energy industry

EQTEC PLC (AIM:EQT) (AIM: EQT) said it remains on track to achieve seven times revenue growth over the previous year as it posted sales of €481,720 in the six months to June and booked a loss before tax of just over €4mln.

During the period the company continued to convert pipeline opportunities into active development projects and delivered financial close on its first Market Development Centre, with others following. It also invested in growth and raised £16mln in new development capital.

“The company has been increasingly active in 2021 with policy influencers and policymakers,” said David Palumbo, chief executive of EQTEC.

“Early in the year, we joined and worked closely with a number of industry associations in the EU and UK. We contributed directly to and co-authored the European Biogas Association’s upcoming whitepaper, Gasification: a sustainable technology for circular economies – scaling up to reach Net Zero by 2050, and we made written submissions to consultations opened by UK Environment Agency and UK Department for Business, Energy and Industrial Strategy (BEIS).”

EQTEC’s Advanced Gasification can address these issues now.

The company’s solutions deliver both a low emissions profile from waste treatment along with highly efficient production of energy or biofuel.

“The group is growing, making Advanced Gasification Technology more available to more places for more applications, but we want to move faster,” said Palumbo.

“To accelerate, we need stronger support from public policy, local authorities and the clean energy sector. EQTEC’s Advanced Gasification Technology was proven long ago, but we need to increase awareness further with EU, UK, US and others, of the superior efficiency, emissions profile and sustainability of our solutions versus legacy alternatives. The ESG strategy and marketing strategy we are currently developing for 2022 onwards will contribute to giving gasification a greater profile, and position EQTEC as the leader of the sector.”

Read More: EQTEC PLC continues to be very active in Advanced Gassification

2021-09-28 02:21:00

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