EQTEC plc (AIM: EQT) is pursuing a strategic expansion of its waste-to-value gasification business through the acquisition and development of capital-light resource assets focused on critical and precious metals that are essential to global electrification.
The strategy is intended to deliver earlier cash-flow inflection points while remaining aligned with circular economy principles.
This approach leverages shared end markets with EQTEC’s core syngas technology, which targets decarbonisation, landfill diversion and enhanced energy security. By broadening its asset base in this manner, the company aims to complement its existing technology platform and strengthen its long-term growth prospects.
In parallel, EQTEC confirmed that it is in advanced discussions with lenders regarding a comprehensive debt restructuring, designed to deleverage the balance sheet and improve liquidity in support of the expanded strategy.
The company also announced a planned governance change, with the Chairman set to transition to a Non-Executive Chairman role as EQTEC seeks to appoint a successor with broader experience to guide the next phase of development.
James Parsons, Chief Executive Officer of EQTEC, commented:
“Since joining EQTEC, my focus has been on sharper execution, capital discipline and commercial outcomes, and that remains unchanged. I am confident in the medium-term potential of our gasification technology and team and in its ability to deliver scalable returns as multiple reference plants come onstream.
At the same time, the opportunity set in sustainable complementary critical and precious metals is significant. Selective, capital-light exposure allows us to balance the portfolio and introduce nearer-term value inflexion points while remaining aligned with the same electrification and decarbonisation drivers. This leverages off my experience building, financing and operating asset-backed energy transition businesses with a clear focus on returns-while gasification continues to mature as the long-term value engine of the Group.”
