Eqtec (CDI) (EQT)

Sector:

Construction and Building Materials

Index:

FTSE AIM All-Share

 0.68p
   
  • Change Today:
      0.000p
  • 52 Week High: 4.05p
  • 52 Week Low: 0.28p
  • Currency: UK Pounds
  • Shares Issued: 434.77m
  • Volume: 10,569
  • Market Cap: £2.93m
  • Beta: 0.15

Eqtec upbeat after positive report on its syngas technology

By Josh White

Date: Monday 30 May 2022

LONDON (ShareCast) - (Sharecast News) - Hydrogen and biofuel energy specialist Eqtec announced on Monday that the Université de Lorraine (UoL) has released a report verifying that its advanced gasification technology successfully converts contaminated plastic waste into synthesis gas (syngas) "cleanly, stably and efficiently".
The AIM-traded firm said the report was compiled by UoL following a series of successful tests on contaminated plastics undertaken in December at Eqtec's facility in France.

It said that it had worked 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 for a decade, to pursue the research and development of syngas production based on its advanced gasification technology.

The partnership supported 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.

"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," said chief technology officer Dr Yoel Alemán.

"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."

At 1407 BST, shares in Eqtec were up 2.21% at 0.74p.

Reporting by Josh White at Sharecast.com.

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Eqtec (CDI) Market Data

Currency UK Pounds
Share Price 0.68p
Change Today 0.000p
% Change 0.00 %
52 Week High 4.05p
52 Week Low 0.28p
Volume 10,569
Shares Issued 434.77m
Market Cap £2.93m
Beta 0.15

Eqtec (CDI) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
70.08% below the market average70.08% below the market average70.08% below the market average70.08% below the market average70.08% below the market average
26.32% above the sector average26.32% above the sector average26.32% above the sector average26.32% above the sector average26.32% above the sector average
Price Trend
92.53% above the market average92.53% above the market average92.53% above the market average92.53% above the market average92.53% above the market average
48.72% below the sector average48.72% below the sector average48.72% below the sector average48.72% below the sector average48.72% below the sector average
Income Not Available
Growth
34.65% above the market average34.65% above the market average34.65% above the market average34.65% above the market average34.65% above the market average
5.56% below the sector average5.56% below the sector average5.56% below the sector average5.56% below the sector average5.56% below the sector average

Eqtec (CDI) Dividends

No dividends found

Trades for 22-Nov-2024

Time Volume / Share Price
08:36 485 @ 0.66p
08:24 34 @ 0.69p
08:01 10,000 @ 0.65p
08:01 50 @ 0.65p

Eqtec (CDI) Key Personnel

CEO David Palumbo

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