Beyond fossil fuel

Carbon-negative, baseload energy and biofuels

for energy security and independence

December 2022

EQTEC CONFIDENTIAL
© 2022 EQTEC plc and Group
EQTEC CONFIDENTIAL Carbon-efficient, baseload energy & biofuels | December 2022 | page 1
©2022 EQTEC plc and Group
PHOTO: EQTEC commercial-scale Market Development Centre in Croatia (Belišće)
EQTEC IS NEW ENERGY INFRASTRUCTURE
Decarbonisation of both waste management and energy generation

BASELOAD Genuine alternative to fossil fuels for baseload energy based

on continual waste availability and 24 x 7 x 365 performance

VERSATILE
60 feedstocks and the full range of offtake applications
including electricity, thermal, SNG, H2 and other biofuels

CO2 emissions 30% lower than incineration; no nitrous oxide,

CLEAN
toxic dioxins, furans or heavy metals

Two R&D facilities and four EQTEC plants built, one with a
PROVEN
decade of exceptional operational availability

Eight EQTEC plants operational or under construction

GROWING
with 14 under development and 200+ in the pipeline

Projects using our technology are profitable, and we

COMMERCIAL
guarantee annual operational uptime of 86%
EQTEC CONFIDENTIAL Carbon-efficient, baseload energy & biofuels | December 2022 | page 2
©2022 EQTEC plc and Group
PHOTO: Contaminated waste wood and RDF will both feed EQTEC’s France MDC facility
SYNTHESIS GAS (‘SYNGAS’)
Fossil fuel replacement…EQTEC makes it from waste

(Fossil fuels) Electrical power

Thermal energy and steam

Forestry biomass
Synthetic Natural Gas (SNG)

Agricultural biomass Hydrogen

Liquid fuels
Industrial waste
Methanol

Municipal waste Biochar

Syngas consists primary of hydrogen, methane, carbon dioxide and carbon

monoxide; EQTEC’s syngas is the purest on the market, with only trace quantities
of hydrocarbons, making it ideal for advanced biofuels and other applications

EQTEC CONFIDENTIAL Carbon-efficient, baseload energy & biofuels | December 2022 | page 3
©2022 EQTEC plc and Group PHOTO: CTO Yoel Alemán with Lead Contractor on site at North Fork plant
 EQTEC (AIM:EQT) is publicly
LEADERSHIP traded and led by a Board of
Nearly a century of collective management experience Directors including these four

David Palumbo, CEO Jeff Vander Linden, COO

20+ years in private equity, infrastructure, venture
25+ years in business & operations strategy, IT and
capital, including renewable energy, digital and
business programme delivery, digital transformation
cleantech
PwC, IBM, Capgemini, SABMiller, AB InBev, Diageo
B.Sc and M.Sc, Electrical engineering
UK, Europe, Japan, AsiaPac, India, North America
LatAm, UK, Europe, CIS
EQTEC since July 2020 (COO since December 2020)
EQTEC since 2018 (CEO from September 2019)

Yoel Alemán, CTO Nauman Babar, FD

20+ years in gasification of biomass and MSW/RDF,
20 years of international experience within corporate
following PhD in gasification
finance, audit and Finance transformation
R&D plants and commercial scale plants; renowned for
PwC, EY, Accenture, Mott Macdonald, Woodlands
reviving failed gasification projects
Energy Services
PhD in chemical engineering (focus on gasification),
Fellow of the Institute of Chartered Accountants
author of three patents and counting
EQTEC since July 2021
EQTEC since 2010

EQTEC CONFIDENTIAL Carbon-efficient, baseload energy & biofuels | December 2022 | page 4
©2022 EQTEC plc and Group
90 %
OPERATIONAL UPTIME
120,000+ OPERATING HOURS

TECHNOLOGY VERSATILITY
= COMMERCIAL VIABILITY

GUARANTEED AT 7,500 HOURS P.A. (c. 86%) BY CONTRACT EQTEC CONFIDENTIAL Carbon-efficient, baseload energy & biofuels | December 2022 | page 5
©2022 EQTEC plc and Group
PHOTOS: EQTEC monitoring & control systems; EQTEC-enabled commercial plant; EQTEC R&D facility
 EQTEC equipment is the
EFFICIENCY AND VERSATILITY physical manifestation of its
EQTEC’s IP is not a piece of equipment but world-leading design & engineering end-to-end process know-how

PROPRIETARY PATENT PROPRIETARY

COMPUTATIONAL MODELLING REACTOR DESIGN CONTROL SYSTEM

Proprietary modelling allows accurate Bespoke design of all Exclusive system manages heat, pressure,
prediction of process, quantity and components enables maximum churn and other reaction factors to target
quality of syngas & bottom ash to ±5%. offtake of CO, CH4 and/or H2. relevant feedstock/application combination.

FORESTRY Raw ELECTRICITY

WASTE syngas & THERMAL
RAW
SYNGAS

AGRICULTURAL BIOFUELS
WASTE TRUE GASIFICATION HOT GAS COLD GAS (E.G., SAF)
CONDITIONING CONDITIONING
Pure
Fluidized Bed Gasifier Cyclone, Thermal Cracking Reactor Scrubbing, condensers syngas
INDUSTRIAL 750 – 900˚C Hydrocarbon removal Water-soluble pollutant removal SYNTHETIC
WASTE PATENT PATENT PATENT
NATURAL GAS
(SNG, BIO-SNG)

Char

MUNICIPAL BIOCHAR
HYDROGEN
WASTE

PROPRIETARY PATENT PROPRIETARY

FEEDSTOCK LIBRARY SYNGAS CONDITIONING MONITORING & FEEDBACK

~60 feedstocks tested and documented EQTEC ‘tunes’ the syngas for the level of Real time, continuous monitoring allows variations in
fast-tracking modelling and enabling purity to suit the application, including ultra- control system to improve efficiency and quality of
design for efficient operations pure for advanced biofuels or hydrogen process for specified feedstock/application combination.

EQTEC CONFIDENTIAL Carbon-efficient, baseload energy & biofuels | December 2022 | page 6
©2022 EQTEC plc and Group
 With partners such as Wood,
WASTE TO RNG OR H2 we convert pure syngas to
EQTEC syngas is the key differentiator for high efficiency, advanced biofuels RNG or clean hydrogen

SYNGAS COMPOSITION FOR CLEAN HYDROGEN

EQTEC SYNGAS WITH WOOD VESTA METHANE OR HYDROGEN SEPARATION
following conditioning, based on biomass gasification 3 – 5

FORESTRY
COMPOUND UNIT VALUE
WASTE

Hydrogen H2 % vol. 32.0 – 34.0

AGRICULTURAL
HOT GAS Carbon dioxide CO2 % vol. 30.0 – 35.0
WASTE STEAM OXYGEN COLD GAS
GASIFICATION CONDITIONING CONDITIONING Carbon
Cyclone, Thermal Cracking Reactor
CO % vol. 20.0 – 25.0
Fluidized Bed Gasifier Scrubbing, condensers monoxide
INDUSTRIAL 750 – 900˚C Hydrocarbon removal Water-soluble pollutant removal
WASTE ` PATENT PATENT PATENT Methane CH4 % vol. 6.5 – 8.5

Char
Water H2O % vol. 2.4 – 2.8
MUNICIPAL
Pure
WASTE syngas Hydrocarbons C2Hy % vol. 0.0 – 0.5

Hydrocarbons C3Hy – C5Hy % vol. 0.0 – 0.1

SYNTHETIC
NATURAL CO2 CLEAN Nitrogen N2 % vol. 0.0 – 0.1
GAS REMOVAL SHIFT

CO2 Tar mg/Nm3 < 3.5

METHANATION REACTORS

EQTEC CONFIDENTIAL Carbon-efficient, baseload energy & biofuels | December 2022 | page 7
©2022 EQTEC plc and Group
 GHGs include seven harmful
GREEN HOUSE GAS (GHG) FOOTPRINT gases* with a warming impact
on the climate, measured in
EQTEC outperforms nearly every alternative in terms of low GHG emissions CO2 equivalent (CO2e)

EQTEC outperforms other waste-to-energy alternatives and on EQTEC’s process addresses both waste and energy
balance other technologies that do not address waste emissions generation emissions without burning and without
releasing GHGs from its end-to-end gasification process
KgCO2e per kWh
Emissions 2 Landfill impact 3 Total vs. EQTEC
Technology
Anaerobic digestion (0.21) -- (0.21) -124% EQTEC’s process is…
EQTEC 0.85 -- 0.85 --
22% more efficient than incineration at waste-to-energy conversion
Incineration (best in class) 1.33 -- 1.33 56%
56 – 115% less emitting of greenhouse gases (CO2e) than incineration
Landfill 1.61 -- 1.61 89%
89% less emitting of greenhouse gases (CO2e) than landfill disposal
Wind (onshore) -- 1.61 1.61 89%
Hydro 1 0.0075 1.61 1.62 90%
Wind (offshore) 0.01 1.61 1.62 90% …because EQTEC’s process produces…
Tidal 1 0.03 1.61 1.64 92%
1
No toxic dioxins and furans
Geothermal 0.03 1.61 1.64 93%
No fly ash
Nuclear 0.06 1.61 1.67 96%
Solar 1 0.10 1.61 1.71 100%
No nitrous oxide emissions

Incineration (EU average) 1.83 -- 1.83 115% No fly ash

Gas-fired power station 0.87 1.61 2.48 191% Non-hazardous bottom ash with no poisonous metals
Coal-fired power station 0.87 1.61 2.48 191% Autothermic reactions that drive a continuous process without added heat
1
indicates lifecycle emissions, including upstream supply chain and end of life * The seven GHGs (and their CO2e) are: CO2 carbon dioxide (x1); CH4 methane (x28); N2O nitrous oxide
2
based on in`dustry analysis and benchmarking of actual CO2 emissions (x265) and four ‘F gases’ (x23,500), including HFCs hydrofluorocarbons, PCFs perfluorocarbons, SF6
3
applies only to technologies that do not address emissions from prevention of waste landfill sulphur hexafluoride and NF3 nitrogen trifluoride.

EQTEC CONFIDENTIAL Carbon-efficient, baseload energy & biofuels | December 2022 | page 8
©2022 EQTEC plc and Group
 Replication of designs,
BUSINESS MODELS financial models,
Energy transition, energy security, energy independence…from waste plans and delivery teams

INDUSTRIAL
Lead markets: UK, France, Ireland, Croatia
Standard build on factory site Flagship projects: Movialsa (Spain), Deeside (UK), Seps Revel
Captive feedstock, instant offtaker (France), Data Centre 1 (Ireland), Belišće (Croatia)
Replicable, scalable across sites Pipeline opportunities: 12
Belišće plant in Croatia

MUNICIPAL
Lead markets: USA (West), Ireland
Flagship projects: North Fork (USA), BMEC (USA), Distributed, replicated plants
Napa (USA), Southport (UK) Address waste issue (e.g., forest fires,
contaminated plastics, toxic waste)
Pipeline opportunities: 20+ Energy is value-added by-product Build site for BMEC project in Wilseyville, California, USA

AGRICULTURAL
Lead markets: Greece, Italy, Croatia, Ireland
Built near feedstock/ waste Flagship projects: Larissa, Livadia, Drama, Nobilis (Greece),
Pool local requirements (e.g., from farms) Italia MDC (Italy), Karlovaç (Croatia), Shannon (Ireland)
Larissa plant in Greece
Return baseload energy & biofuels Pipeline opportunities: 20+

Billingham: Property and plant mock-up

Lead markets: UK, France UTILITY
Flagship projects: France MDC, Billingham (UK),
Gardanne, Limoges, Lucy (France) Centralised, customised plants
Pipeline opportunities: 5 Feedstock (e.g., MSW, RDF) transported in
Offtake aimed at high-value clients

EQTEC CONFIDENTIAL Carbon-efficient, baseload energy & biofuels | December 2022 | page 9
©2022 EQTEC plc and Group
 years
10
COMMERCIAL OPERATIONS

1 PLANT FOR 1+ DECADES

2 R&D FACILITIES
4 COMMERCIAL-SCALE PLANTS
5 PLANTS UNDER CONSTRUCTION
14 PLANTS UNDER DEVELOPMENT

+100s OF QUALIFIED OPPORTUNITIES IN A GROWING ‘PIPELINE OF

EQTEC PIPELINES’
CONFIDENTIAL Carbon-efficient, baseload energy & biofuels | December 2022 | page 10
©2022 EQTEC plc and Group
PHOTO: EQTEC commercial-scale Market Development Centre in Croatia (Belišće)
 The longest running plant
TRACK RECORD has clocked over a decade
6 plants built and commissioned, with 3 running and 2 being recommissioned at 90% operational availability

Externally audited operational data (2015 – 2020)

ON-PREMISE FACILITY FOR INDUSTRIAL AGRICULTURE Parameter Unit 2015 2016 2017 2018 2019 2020
Mostos Vinos y Alcoholes, S.A. (Movialsa) hrs/year 8,600 7,300 7,060 7,800 7,314 8,157
Ciudad Real, Spain Plant availability1
% 98 90+ 90+ 90+ 90+ 93
• Start-up date 2011
• 5.9 MWe/th Equivalent electrical
% 45 39 38 39 38 38
• Agricultural waste (incl. olive pomace, wine must) efficiency2
• Electricity, heat Electricity/feedstock ratio3 kWe/kgbiomass 1.4 1.4 1.4 1.4 1.4 1.4
1 benchmark for gasification is 4 – 5,000 hrs/year
2 benchmark for this particular feedstock is 30%
3 benchmark for incineration is <1.0

R&D PILOT PLANT R&D PILOT PLANT RECOMMISSIONING 2022 RECOMMISSIONING 2022 FUTURE TARGET
Universidad de Université de Lorraine Syngas Italy Belišće Karlovo
Extremadura (LERMAB) Gallina, Italy Belišće, Croatia Plovdiv, Bulgaria
Badajoz, Spain Nancy, France • Start-up date 2015 • Start-up date 2016 • Start-up date 2016
• Start-up date 2010 • Start-up date 2015 • 1.0 MWe/th • 1.5 MWe/th • 3.0 – 5.0 MWe/th
• Biomass trials • Biomass trials • Forestry and • Agricultural waste • Agricultural waste
• Fischer-Tropsch • RDF trials agricultural waste • Electricity, heat, biochar • Electricity, heat
(gas-to-liquid) trials • Contaminated plastic trials • Electricity, heat • (Currently de-
• Steam oxygen (2022) commissioned)

EQTEC CONFIDENTIAL Carbon-efficient, baseload energy & biofuels | December 2022 | page 11
©2022 EQTEC plc and Group
 EQTEC has well over 200
PIPELINE opportunities in its complete
Projects follow strategy, prioritised to demonstrate specific solutions pipeline, increasing weekly

INDUSTRIAL UTILITY MUNICIPAL AGRICULTURAL

LIVE 2023 LIVE 2024 LIVE 2024 LIVE 2022

Croatia MDC France MDC UK MDC Italia MDC
Belišće, Croatia Doubs, France Merseyside, UK Tuscany, Italy
Global paper products company Waste management facility Southport community Farming cooperatives
Industrial waste Contaminated waste wood, RDF RDF Straw waste, wood waste
8,000 tonnes/year 45,000 tonnes/year 25,000 tonnes/ year 12,500 tonnes/year
Electrical power (1.5MWe), biochar Electrical power (6.5MWe) H2 Electrical power (1.0MWe) ,biochar

LIVE 2024 LIVE 2025 LIVE 2023 LIVE 2023

Deeside Limoges North Fork Larissa
Flintshire, UK Nouvelle-Aquitaine, France California, USA Thessaly, Greece
Toyota, national grid Multinational utility company NF Community Development Council Agrigas (local owner-operator)
RDF, industrial waste Wood waste Waste wood, forest fire accelerant Agricultural waste
77,000 tonnes/year 35,000 tonnes/year 35,000 tonnes/year 3,750 tonnes/year
Electrical power (9.9 MWe), H2 RNG (10.5m NM3/year) Electrical power (2.0MWe), biochar Electrical power (0.5MWe)

LIVE 2025 LIVE 2026 LIVE 2024 LIVE 2024

Seps Revel Billingham BMEC Livadia
Haute-Garonne, France Teesside, UK California, USA Boeotia, Greece
Seps France (waste company) UK utility, major fertilizer company Wilseyville council Farming cooperatives
Contaminated plastics RDF, industrial waste Waste wood, forest fire accelerant Straw, wood waste, olive waste
25,000 tonnes/year 200,000+ tonnes/year 24,000 tonnes/year 7,500 tonnes/year
Electrical power (4.5 MWe), RNG Heat (34MWth), electricity (25MWe), H2 Electrical power (3.0MWe), biochar Electrical power (1.0MWe)

PIPELINE: PIPELINE: PIPELINE: PIPELINE:

Global auto manufacturer. Industrial waste à CHP, H2 Multinational utility (France). Mixed waste à RNG 20+ California towns. Wood waste, RDF à CHP, biochar Nobilis, Greece. Agricultural waste à CHP
Global consumer goods. Industrial waste à CHP, RNG, H2 Italian utility. Biomass à LNG Karlovaç, Croatia. Wood waste, RDF à CHP, biochar Drama, Greece. Forestry and wood waste à CHP
Ireland data centres. Industrial waste à CHP, RNG California utility. Biomass à RNG Connecticut, USA. MSW/RDF à CHP, RNG, H2 20+ Greece locales. Mixed biomass à CHP, RNG, H2

EQTEC CONFIDENTIAL Carbon-efficient, baseload energy & biofuels | December 2022 | page 12
©2022 EQTEC plc and Group
 Multi-technology capability for
EQTEC INDUSTRIAL conversion of waste into clean
Industrial waste transformation for clean power to Toyota Motor Company UK gas, power and hydrogen

Deeside Industrial Estate, Deeside, Flintshire (north Wales), UK

6.27 hectares (15.5 US acres) site
Feedstock:
MSW reception Material recovery facility (MRF) 182,000 tonnes of waste per year
► 60% MSW (Municipal Solid Waste)
► 40% Industrial waste
Processed into:
► Recyclables (e.g., glass, metals), for processing off site
► Biogenics (e.g., food waste), for processing in the AD facility
► Refuse-derived Fuel/RDF (e.g., plastics), for processing in the syngas facility
EQTEC syngas facility

RDF conveyor to syngas Technologies:

facility
Anaergia MRF and RDF technologies
Future hydrogen production facility
(linked to EQTEC syngas facility)
2.0 MW Anaergia anaerobic digestion technology
9.9 MWe EQTEC advanced gasification technology
RDF production facility

Offtake:
77,000 tonnes per year RDF (for syngas production)
Toyota Motor Company
5.5 million nM3 biomethane per year
Deeside Engine Plant
77 – 87,000 MWh electricity per year
► 27,000 MWh (c. 35%) to Toyota Deeside Engine Plant, with potential to vary
► Balance sent to national grid
Potential for production of 700,000 kg per year of hydrogen
Anaerobic digesters (AD)

EQTEC CONFIDENTIAL Carbon-efficient, baseload energy & biofuels | December 2022 | page 13
©2022 EQTEC plc and Group
 Three types of feedstock,
EQTEC UTILITY including contamintated wood
Large utility company now negotiating for exclusivity of the plant and RDF from municipal waste

France MDC, Villers-sous-Montrond, Doubs, France

Located on large-scale waste management site, for power generation and export to grid

Feedstock:
45,000 tonnes of waste per year
► Waste wood (EU grade A)
► Contaminated waste wood (EU grade B) from demolitions
► RDF (from municipal solid waste)

Technology:
Retrofit of failed gasification technology on new-build site
6.5 MWe EQTEC advanced gasification technology
Upgrade, replacement of some ancillary technologies

Offtake:
6.5 MWe electrical power for export to national grid
Potential to increase output in future with existing technology
(subject to further permissions)
Preferential tariff agreed with French utility
Annual revenues of c. €10 million, with potential to further
improve economics
PHOTOS: New build plant with legacy technology installed

EQTEC CONFIDENTIAL Carbon-efficient, baseload energy & biofuels | December 2022 | page 14
©2022 EQTEC plc and Group
 The combined plant would
EQTEC MUNICIPAL deliver 35% or more of total
Waste treatment and hydrogen production in a green, tree-lined neighbourhood Southport energy requirement

UK MDC, Southport, Merseyside, UK

Municipal waste dump as waste-to-electricity and H2 facility

Feedstock:
80,000 tonnes of municipal solid waste (MSW) per year
Processed into:
► Recyclables (e.g., glass, metals), for processing off site
► Biogenics (e.g., food waste), for processing in the AD facility
► Refuse-derived Fuel/RDF (e.g., plastics), for processing in the syngas facility

Technologies:
Anaergia MRF and RDF technologies
Anaergia anaerobic digestion technology
EQTEC advanced gasification technology
Wood Vesta syngas-to-hydrogen technology

Offtake:
6.0 million nM3 biomethane per year, export to grid
Gas-to-electrical power conversion for 9MWe export to grid
25,000 tonnes per year RDF (for syngas production)
250,000 kg per year of hydrogen, exported to grid
PHOTOS: Current status of waste facility, with artist depictions of target plant (Potential for nearby expansion to 3 – 4 times of hydrogen production)

EQTEC CONFIDENTIAL Carbon-efficient, baseload energy & biofuels | December 2022 | page 15
©2022 EQTEC plc and Group
 All of the plants in the pipeline
EQTEC MUNICIPAL are 2 – 3 MWe forestry waste-
The local-to-local, distributed business model is aimed at forest fire prevention to-power & biochar facilities

California pipeline, USA

20+ communities through the Sierra, Central Valley and Bay Area

California
Background information:
Plumas 3MW
With forestry wood waste an increasing problem in the
Camptonville 5MW
state of California, the North Fork plant will improve both
Upper Valley 3MW
environmental and economic outcomes for the local area,
annually converting 17,550 metric tonnes of the biomass
SACRAMENTO • Blue Mountain 3MW

Napa 3MW
Marin 2MW
into clean electric and thermal energy and into 1,600 •
SAN FRANCISCO
Mount Diablo 2MW
Tracy 3MW
•
metric tonnes of biochar per year, for use as a soil Intermountain 3MW
SAN JOSE
Tuolumne 3MW
substrate in reforestation and for agricultural plantations. Mariposa 3MW
Monterey 3MW North Fork 2MW
Biomass-to-energy configuration: Merced G+E 1MW
Madera Country 3MW
Cabin Creek 2MW

Bakersfield

Limoneira 2MW + 2MW facilities

LOS ANGELES •
Carbon-negative offtake: Delivery of the full pipeline: SAN DIEGO •
Heat and power from forestry biomass, plus biochar 332,735 MTCO2e avoided by 2025
production. The State of California uses biochar along the ≈ total, annual emissions of 72,334 cars`
highway system to filter ground water, with commercial
agriculture using it to sequester CO2 and enrich soil and (for more information on EQTEC in California,
PHOTO: EQTEC technology construction on site at North Fork increase crop yields. please see separate Appendix document)

EQTEC CONFIDENTIAL Carbon-efficient, baseload energy & biofuels | December 2022 | page 16
©2022 EQTEC plc and Group
 Located in one of Italy’s most
EQTEC AGRICULTURAL beautiful valleys, delivering
Energy security and independence to remote communities that need it clean energy from waste

Italia MDC, Castiglione d’Orcia, Siena, Tuscany, Italy

Agricultural waste from local framing cooperatives and forestry, returning power to the grid

Feedstock:
7,000 tonnes of agricultural and forestry waste per year
Dual feeding-in system supports high-density and low-density feedstocks
for versatility and responsiveness to changing feedstock prices

Technologies:
EQTEC advanced gasification technology
GE Jenbacher 612 gas engine

Offtake:
1.0 MWe electric power generation, for export to grid at preferential tariff

Biomass-to-energy configuration

EQTEC CONFIDENTIAL Carbon-efficient, baseload energy & biofuels | December 2022 | page 17
©2022 EQTEC plc and Group
EQTEC R&D
Committed progress at the leading edge of syngas technology

The EQTEC facility hosted at the Université de Lorraine in France is

END-TO-END SYSTEM a complete, EQTEC plant in microcosm, able to process tonnes of
waste samples with precise measurement of process performance

The facility has been running (with regular upgrades) since 2015,
BIOMASS & RDF testing dozens of biomass feedstocks, as well as SRF and RDF from
municipal and industrial waste, building our library of data

CONTAMINATED In 2021, EQTEC and the university (UL) completed successful trials
PLASTICS with plastic waste contaminated with hydrocarbons and
hazardous chemicals, opening a new business pipeline in France

In 2022, EQTEC added steam-oxygen gasification capabilities,

STEAM-OXYGEN making possible the regular testing of advanced biofuels
applications including RNG, hydrogen and liquid fuels

COMMERCIAL CLIENT Over the years, EQTEC and UL have received delivery of real
APPLICATIONS samples of feedstock from a range of prospective clients, to refine
its plant designs; the commercial testing pipeline for 2023 is full

EQTEC CONFIDENTIAL Carbon-efficient, baseload energy & biofuels | December 2022 | page 18
©2022 EQTEC plc and Group PHOTO: EQTEC full scope, end to end R&D facility at Université de Lorraine (France)
EQTEC IN THE U.S.
EQTEC has strong links into the US and intends to grow there

EQTEC shareholding. The company’s largest shareholder is a US-based family

office; it owns just under 20% of the total shares.
Legal entity. The company is preparing for its formal registration in the US—either
through a wholly-owned subsidiary or through a joint venture.
USA partners and pipeline. The company has established project development,
delivery and business development partners in California, Texas and Washington
DC and works with other partners based in Arizona, Colorado and Missouri.
US procurement. With its Texas-based partner, the company has completed a
supplier assessment for a majority of its components for California plants, toward
procurement of those parts in the US.
Earliest project. One of the company’s earliest projects (financial close 2020) is the
North Fork project in California, the first in a large pipeline across that state.
Board member. The COO is a native, US citizen (born and raised in Indiana, family
in Virginia, attended university in Connecticut).

EQTEC CONFIDENTIAL Carbon-efficient, baseload energy & biofuels | December 2022 | page 19
©2022 EQTEC plc and Group PHOTO: EQTEC modular gasification island build at North Fork plant
 EQTEC relies on developers
QUESTIONS FOR CONNECTICUT and owner-operators to
New technologies could more efficiently and sustainably fill the MIRA gap deploy our technology in US

WHAT TO DO WITH WASTE EXTEND EXISTING TECHNOLOGIES OR EXTEND THE WASTE HIERARCHY

Are current waste sites at full capacity or (This resembles similar hierarchies in UK
Is CT considering anaerobic digestion near it, to cover some of the MIRA ‘gap?’ and EU, now changing for newer tech)
and/or gasification for 1/3 of its waste
(food waste and other organics)? Is the plan to extend permits to existing How does CT view advanced gasification
technologies and/or replace them? technology in this hierarchy?
How to cleanly dispose of highly calorific
waste such as plastic and (potentially) Is there stronger interest in large, Is there still an appetite for landfill use
construction & demolition debris? centralized facilities or smaller, local ones (e.g., outside CT) and/or incineration
suited to local waste-to-value? (WTE)?
DATA SOURCE: DEEP, State of Materials Management in Connecticut paper

EQTEC CONFIDENTIAL Carbon-efficient, baseload energy & biofuels | December 2022 | page 20
©2022 EQTEC plc and Group
 EQTEC CONFIDENTIAL Carbon-efficient, baseload energy
PHOTO: Site &EQTEC-enabled
for new, biofuels | December
waste 2022 | page 21
wood plant at Wilseyville, California, USA
©2022 EQTEC plc and Group