EQTEC Secures Further Funding for French Projects and New R&D Award
Why we think this is neutral
The RNS announcement does not contain any of the mandatory news types, such as contract news, order news, trading update, financing, or annual results. It simply provides an update on project funding and a new R&D award, which does not have a significant impact on the company's overall performance or outlook.
Key Points
- EQTEC secures further private funding for its Green Gas Provence project in Istres, France
- EQTEC awarded €400,000 in private funding from GRDF for a new methanation R&D program
Summary
EQTEC plc (AIM:EQT), a provider of syngas technology and engineering services, has announced the extension of its collaboration with GRDF, the French natural gas distribution operator, with further private funding to accelerate its advanced methanation projects. The company has received an additional €50,000 in private funding towards the Green Gas Provence project in Istres, France, and has also been awarded €400,000 in private funding from GRDF for a new methanation R&D program.