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EQTEC plc ( (GB:EQT) ) has shared an update.
EQTEC plc announced its audited results for 2024, highlighting a challenging year with a net loss of €19.4 million due to asset impairments, but also significant strategic progress. The company has undertaken refinancing efforts, equity raises, and operational restructuring to maintain liquidity and optimize its footprint. Key developments include upgrades to its Italia MDC and Agrigas plants, a strategic partnership with CompactGTL for synthetic fuel production, and ongoing international projects in the USA, France, Croatia, and the UK. Despite financial losses, EQTEC remains focused on scalability and commercialization, aiming to dominate the waste-to-fuels segment through modular gasification and strategic partnerships.
More about EQTEC plc
EQTEC plc is a global technology company specializing in waste-to-value solutions for hydrogen, biofuels, and energy generation. The company focuses on distributed, decarbonized energy infrastructure, positioning itself in the clean technology sector with a strong emphasis on syngas applications.
Average Trading Volume: 1,197,312
Technical Sentiment Signal: Strong Sell
Current Market Cap: £4.44M
For a thorough assessment of EQT stock, go to TipRanks’ Stock Analysis page.