EQTEC Shares Rise on Wood Collaboration

Trade EQTEC Shares Your Capital Is At Risk
Sam Boughedda
Updated: 26 Nov 2021

Gasification solutions company EQTEC has signed a collaboration agreement with Wood, a consulting and engineering company in the energy and the built environment spaces.

new-recommended-broker-banner

Despite markets sliding on Friday, EQTEC shares hit a high of 1.55p on the news but currently sit at 1.376p, up 3.78%.

The deal will see EQTEC and Wood pursue collaborative development and deployment opportunities for clean, waste-to-synthetic natural gas and waste-to-hydrogen solutions projects.

The companies told investors they want to support the drive to net-zero and lead innovations in the emerging markets for renewable SNG and hydrogen. 

Accordingly, they will aim to expand the availability and application of EQTEC's Advanced Gasification Technology and synthesis gas production into new markets, combined with Wood's VESTA methanation technology, engineering capabilities, and scale capacity. 

Jeff Vander Linden, COO of EQTEC, explained: “The markets for SNG and hydrogen are maturing rapidly. EQTEC's unique capabilities in producing high-quality syngas have always positioned us well as a supplier of intermediate fuel for both applications. 

“This collaboration agreement with Wood is an important start to our entry into these growth markets. Wood's teams are among the very best at what they do, and we are excited to have the opportunity to work shoulder-to-shoulder with them to bring our waste-to-syngas capabilities to new solutions in more geographies.”

Should you invest in EQTEC shares?

EQTEC shares are traded on the London stock exchange's AIM market (the alternative investment market), which is the submarket specifically for smaller companies. AIM stocks are attractive to investors as they have tax advantages and smaller companies have the potential to benefit from rapid growth. But are EQT shares the best buy? Our stock market analysts regularly review the market and share their picks for high growth companies

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 68 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .