EQTEC plc

Climate Impact & Sustainability Data (2022)

Total Carbon Emissions:2365 tCO2e/year

Scope 1 Emissions:1.92 tCO2e/year

Scope 2 Emissions:7.28 tCO2e/year

Scope 3 Emissions:2355.43 tCO2e/year

Baselined EQTEC Group greenhouse gas footprint (Scopes 1, 2, 3), highlighting a low impact on the environment.
GHG emissions profile for common syngas solutions (feedstock, offtake) with comparative assessment against alternative technologies, revealing EQTEC’s lower GHG impacts, and higher production ratios.
Successful upgrade of R&D capability for steam-oxygen gasification for advanced biofuels production.

Aligned EQTEC Code of Conduct and relevant policies with partner policies for common governance and business approach.
Extended Code of Conduct and consistent Anti-bribery and Corruption policies to all Group companies, including JVs.
Aligned work at Deeside project with Toyota Motor Company’s global roadmap for carbon-neutrality.

2021 grant vested (at one-third of total) in May 2022 for all participants to the Long-term Incentive Plan (LTIP).
100% of EQTEC employees granted participation in 2022 LTIP, with award letters sent in April 2022.
ESG objectives are embedded in corporate objectives, and reported frequently, and alongside the corporate objectives

Long-term Goals:

Post-pandemic market uncertainty, exacerbated by Russia’s attack on Ukraine and the consequent crisis in energy and consumables.
Dramatic tightening of capital markets, constraining momentum with deployment of its technology.
Russia’s manipulation of baseload supply highlighted the need for alternative solutions for energy security.

Designed and deployed a Focus Plan that prioritised MDCs and other strategic projects, curtailing any expenditure not directly supporting priorities and reducing working capital to preserve cash.
Put up our largest projects for sale to infrastructure investors or operators, identified where we needed to exit agreements that encumbered us with unduly large capital liabilities and accelerated engagement of our growing ecosystem of world-class partners to ensure we could impress investors with quality delivery.
Agreed two loan facilities, one as a convertible loan facility with our largest shareholder, Altair Group Investment Limited. Raised £3.75 million (before expenses) through the placing of new ordinary shares.

Integrate ESG considerations into our comprehensive partner qualification process

accelerate our impact and demonstrate how our technology can meet this need from an almost limitless supply of local waste

Frameworks Used: Streamlined Energy & Carbon Reporting (SECR)