- Eqtec said it had signed a framework agreement with California-based power company Phoenix Biomass Energy.

Phoenix builds, owns and operates on-site biomass gasification plants in partnership with businesses in the agricultural, waste, and forestry industries.

The two companies would seek to jointly develop biomass gasification power projects in the US, with five projects having already been identified.

The target projects would generally be 2 megawatts to 3 megawatts in size, with an estimated project value between $15m and $20m each.

At 1:34pm: [LON:EQT] Eqtec Plc Ord Eur0.001 share price was +0.06p at 0.86p

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