IN BRIEF: EQTEC Signs Memorandum Of Understanding With Nobilis Energy

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

Alliance News 8 January, 2021 | 7:05PM
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EQTEC PLC - Cork, Ireland-based gasification technology solutions company for sustainable waste-to-energy projects - Signs memorandum of understanding with Nobilis Pro Energy SA, a private Greek construction company. As an established supporter of the waste-to-energy proposition, Says MoU provides for the collaborative development of Nobilis's existing pipeline of opportunities in Thessalia and Central Greece and for the proposed delivery of these and further advanced gasification projects, starting with gasification plant in Almyros, Greece.

Chief Executive Officer David Palumbo says: "We are pleased to be on track for the development of another advanced gasification plant in Greece. Through our relationship with Nobilis, we expect to develop a pipeline of sustainable waste to energy projects in Greece that will benefit from EQTEC's advanced biomass gasification as a great solution for clean energy generation. The MoU also highlights the growing strength of our partnership with ewerGy, as we pursue a growing pipeline of opportunities in Greece and across the Balkans. This 'strong partner' model is fundamental to EQTEC as we further expand our business development and project delivery reach."

Current stock price: 2.22 pence

Year-to-date change: down 16%

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

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