EQTEC (AIM: EQT), a Fortified Securities client, rose 83% yesterday propelled by two pivotal moves:
Announcement 1: €2.9 Million Loan Approval Boosts Operational Efficiency
EQTEC secures a significant milestone with the approval of a €2.9 million loan from Banca del Fucino, empowering EQTEC Italia MDC Srl to enhance operational efficiency and pursue commercial opportunities. Its Italy Market Development Centre in Tuscany, stands ready to showcase its mission in action through a live demonstration of EQTEC cutting-edge proprietary technology.
Announcement 2: EQTEC and CompactGTL Form Pioneering Joint Venture
EQTEC and CompactGTL Limited have joined forces in a ground-breaking joint venture. This partnership aims to implement an integrated waste-to-liquid fuel solution, revolutionising the production of synthetic fuels from gases. As equal partners, they are set to become innovators and licensors of technology for liquid fuels, including sustainable aviation fuel.
These strategic moves underscore EQTEC’s commitment to a sustainable, decarbonised energy future at a global level.
About EQTEC
EQTEC is a world-leading technology innovation company enabling the Net Zero Future through advanced solutions for hydrogen, biofuels, SNG and other energy production. They provide solutions for two of the world’s greatest challenges: managing rising levels of waste and meeting the growing demand for clean energy.
EQTEC designs and supplies advanced gasification solutions and has a higher efficiency product offering that it is modular and scalable from 1MW to 30MW. Commercial plants have been built and are operated using EQTEC’s technology. A key advantage is the versatility of the technology to process almost 60 different types of feedstock, including municipal waste, agricultural waste, biomass and plastics. The company's solutions produce a uniquely pure high-quality synthesis gas (syngas), that is capable of being used for the widest applications in the generation of clean energy, hydrogen and biofuels.
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