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Eqtec PLC - Cork, Ireland-based gasification company focused on turning waste into sustainable energy - Notes that the Universite de Lorraine has released a report verifying that the company's Advanced Gasification Technology successfully converts contaminated plastic waste into synthesis gas cleanly, stably and efficiently. Report was compiled by UoL following a series of successful tests on contaminated plastics undertaken in December 2021 at Eqtec's technology innovation facility in France.
Chief Technology Officer Yoel Aleman says: ‘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.’
Current stock price: 0.78 pence, up 7.6% Monday
12-month change: down 53%
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