Eqtec (CDI) (EQT)

Sector:

Construction and Building Materials

Index:

FTSE AIM All-Share

1.70p
   
  • Change Today:
    -0.18p
  • 52 Week High: 4.05p
  • 52 Week Low: 0.28p
  • Currency: UK Pounds
  • Shares Issued: 194.29m
  • Volume: 11,370,843
  • Market Cap: £3.30m

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.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Eqtec (CDI) Market Data

Currency UK Pounds
Share Price 1.70p
Change Today -0.18p
% Change -9.57 %
52 Week High 4.05p
52 Week Low 0.28p
Volume 11,370,843
Shares Issued 194.29m
Market Cap £3.30m

Eqtec (CDI) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.88% below the market average69.88% below the market average69.88% below the market average69.88% below the market average69.88% below the market average
45.00% above the sector average45.00% above the sector average45.00% above the sector average45.00% above the sector average45.00% above the sector average
Price Trend
93.98% above the market average93.98% above the market average93.98% above the market average93.98% above the market average93.98% above the market average
26.83% below the sector average26.83% below the sector average26.83% below the sector average26.83% below the sector average26.83% below the sector average
Income Not Available
Growth
36.24% above the market average36.24% above the market average36.24% above the market average36.24% above the market average36.24% above the market average
36.59% above the sector average36.59% above the sector average36.59% above the sector average36.59% above the sector average36.59% above the sector average

Eqtec (CDI) Dividends

No dividends found

Trades for 24-May-2024

Time Volume / Share Price
17:11 100,000 @ 1.70p
16:18 71,570 @ 1.69p
16:12 100,000 @ 1.74p
16:10 263 @ 1.60p
16:10 263 @ 1.75p

Eqtec (CDI) Key Personnel

CEO David Palumbo

Top of Page