IN BRIEF: EQTEC To Acquire Refuse Fuel Project From Logik Developments

EQTEC PLC - Cork, Ireland-based gasification technology solutions company for sustainable ...

Alliance News 8 December, 2020 | 2:26PM
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EQTEC PLC - Cork, Ireland-based gasification technology solutions company for sustainable waste-to-energy projects - Says wholly-owned subsidiary Deeside WTV Ltd to acquire Deeside Refuse Derived Fuel project from Logik Developments Ltd through the acquisition of Logik WTE Ltd for an initial consideration of GBP2.3 million. An additional GBP2.3 million is payable subject to the completion of conditions. Deeside Refuse Derived Fuel project consists of 6.3 hectares of land which currently has planning permission for a waste management facility comprising the recycling of waste.

Current stock price: 1.02 pence

Year-to-date change: up over 100%; traded at 0.12 pence at December 31, 2019.

By Greg Roxburgh; gregroxburgh@alliancenews.com

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