Acquisition and recommissioning of Croatia plant

11 August 2021

EQTEC plc

("EQTEC", the "Company" or the "Group")

Acquisition and planned recommissioning of waste-to-energy plant powered by EQTEC in Croatia

EQTEC plc (AIM: EQT), a world-leading gasification solutions company building a cleaner waste-to-energy industry, is pleased to announce the completed acquisition of a 1.2 MWe waste-to-energy gasification plant in Belišće, Croatia (the "Plant"), through Synergy Projects d.o.o. ("Synergy Projects"), a joint venture (the "JV") between the Company and its Croatian project development partner Sense ESCO d.o.o. ("Sense ESCO").

Originally commissioned in 2016, the Plant was built around EQTEC's proprietary and patented Advanced Gasification Technology. The Plant will be recommissioned and repowered to convert forestry wood waste from local farms and forests into green electricity and heat for use in the local community.

Once operational, it is expected that EQTEC will become the Plant's O&M contractor and that the Company will make it the second of its Market Development Centres ("MDCs") and a showcase for EQTEC's technology in a fully operational, commercial setting. The Company's first MDC, in Tuscany, Italy, was announced earlier this year.

Highlights:

David Palumbo, CEO of EQTEC, commented:

"EQTEC's joint venture with such a capable and dependable partner as Sense ESCO provides the perfect platform for our re-entry into Croatia, re-introducing our Advanced Gasification Technology to sustainably transform biomass waste into energy for local communities. The plant in Belišće, which will also be a Market Development Centre, is the next of several EU waste-to-value facilities we are developing to integrate our leading-edge technology and overseeing through commissioning into live operations."

This announcement contains inside information as defined in Article 7 of the EU Market Abuse Regulation No 596/2014 and has been announced in accordance with the Company's obligations under Article 17 of that Regulation.

ENQUIRIES

About EQTEC plc

As one of the world's most experienced gasification technology and engineering companies, with a growing track record of delivering operational and commercial success for transforming waste-to-energy through best-in-class technology innovation, engineering and project development, EQTEC brings together design innovation, project delivery discipline and solid commercial experience to add momentum to the global energy transition. EQTEC's proven, proprietary and patented technology is at the centre of clean energy projects, sourcing local waste, championing local businesses, creating local jobs and supporting the transition to localised, decentralised and resilient energy systems.

EQTEC designs, supplies and builds advanced gasification facilities in the UK, EU and US, with highly efficient equipment that is modular and scalable from 1MW to 30MW. EQTEC's versatile solutions process over 50 varieties of feedstock, including forestry wood waste, vegetation and other agricultural waste from farmers, industrial waste and sludge from factories and municipal waste, all with no hazardous or toxic emissions. EQTEC's solutions produce a pure, high-quality synthesis gas ("syngas") that can be used for the widest range of applications, including the generation of electricity and heat, production of synthetic natural gas (through methanation) or biofuels (through Fischer-Tropsch, gas-to-liquid processing) and reforming of hydrogen.

EQTEC's technology integration capabilities enable the Group to lead collaborative ecosystems of qualified partners and to build sustainable waste reduction and green energy infrastructure around the world.

The Company is quoted on AIM (ticker: EQT) and the London Stock Exchange has awarded EQTEC the Green Economy Mark, which recognises listed companies with 50% or more of revenues from environmental/green solutions.

Further information on the Company can be found at www.eqtec.com.