Eqtec (CDI) (EQT)

Sector:

Construction and Building Materials

Index:

FTSE AIM All-Share

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

Eqtec upbeat on recent gasification tests in France

By Josh White

Date: Monday 31 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Waste-to-energy technology specialist Eqtec announced the successful completion of steam-oxygen gasification tests that confirmed the suitability of its synthesis gas (syngas) technology for advanced biofuels production on Monday.
The AIM-traded firm undertook the tests at its technology innovation facility in France, in partnership with the Energy from Biomass and Wastes (ERBE) team of the Laboratoire d'Etudes et de Recherche sur le Matériau Bois (LERMAB) at Université de Lorraine (UL) in Epinal.

It said two series of tests were conducted in the first half of October, with the first using established air-blown gasification configuration with refuse-derived fuel (RDF) based on equipment and an approach previously applied by Eqtec at LERMAB.

The second applied steam-oxygen capability, made possible by equipment upgrades by Eqtec at the facility.

It said air-blown gasification would support electrical power and thermal energy applications, where the mix of hydrogen, methane and carbon dioxide in the syngas was "less critical" for the offtake application.

Steam-oxygen gasification supported hydrogen, renewable natural gas (RNG) and other advanced biofuel applications, where optimisation of the hydrogen, methane and carbon dioxide mix was "critical" for efficiency and productivity of the offtake.

The board said the upgrade to the LERMAB facility and both tests were implemented as part of Eqtec's technology innovation programme, as indicated in its 2021 annual results and first-half interim results.

An independent report with detailed and definitive conclusions from the test results was expected to be issued by UL before the end of the year.

The company said it expected the upgrade for steam-oxygen gasification to continue attracting the attention of strategic and technology partners with interest in conducting trials of new energy infrastructure for hydrogen, RNG and other advanced biofuels, based on its technology.

Such tests were already being scheduled for the first half of 2023.

"These tests are another important milestone for us in our technology innovation roadmap," said chief technology officer Yoel Alemán.

"As the demand increases for highly efficient and clean conversion facilities for hydrogen, RNG and advanced biofuels, and as industrial clients, utility companies and municipalities look for scalable, local-to-local solutions, Eqtec's capabilities with both air-blown and steam-oxygen gasification will allow us to offer a range of solutions that fit a range of business models."

Alemán said there were few successful steam-oxygen gasification facilities in the world, with the company believing its success with the tests put it "at the forefront" of clean, waste-to-value capabilities.

"From a technical perspective, we were pleased at how smoothly the technology performed throughout.

"The data we gathered will allow us to fine-tune our proprietary process capabilities and we can look forward to applying the new knowledge to future testing for prospective customers."

At the close on Monday, shares in Eqtec were up 3.51% at 0.3p.

Reporting by Josh White for 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 4.05
52 Week Low 0.28
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