MetalNRG PLC Italy Waste to Energy Update (7442D)
23 Giugno 2023 - 11:37AM
UK Regulatory
TIDMMNRG
RNS Number : 7442D
MetalNRG PLC
23 June 2023
23 June 2023
MetalNRG plc
Italy waste to energy update
MetalNRG plc ("MetalNRG" or the "Company") is pleased to confirm
that EQTEC Italia, our joint investment with EQTEC Plc and two
family offices in a waste to energy plant in Italy located in
Gallina, near Castiglione d'Orcia, Tuscany, Italy, has completed
handover protocols to EQTEC Italia and transferring plant
operations to EQTEC Italia MDC srl ("Italia MDC")
This follows the Company's 14 March 2023 announcement that the
Italia MDC was operational, having commenced export of electricity
to the national power grid on 8 March 2023 and having produced
biochar and commenced gasification in January 2023. The Italia MDC
is the first of EQTEC's MDCs to be operational.
Additionally, Italia MDC is pursuing refinance of the plant
asset by an Italian bank, which is expected to complete during
Summer 2023.
Rolf Gerritsen commented:
"We are pleased to see the operating company now fully in
charge. The syngas quality and composition being measured is
exceptionally high, and we are confident that EQTEC Italia MDC srl
will benefit from the high performance of both electricity and
biochar this will allow, we now look forward to finalising the
refinancing of the plant."
END
Contact details:
MetalNRG plc
Rolf Gerritsen
Christopher Latilla-Campbell +44 (0) 20 7796 9060
Corporate Broker
PETERHOUSE CAPITAL LIMITED
Lucy Williams/Duncan Vasey +44 (0) 20 7469 0930
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Corporate Broker
SI CAPITAL LIMITED
Nick Emerson +44 (0) 1483 413500
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END
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June 23, 2023 05:37 ET (09:37 GMT)
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