EQTEC (LON:EQT), the technology solution company for waste gasification to energy projects, has provided an update on the biomass project in North Fork, California. We are encouraged by the strong local support for the Project and the growing realisation that the Project will have such an important positive environmental impact, improving California’s current critical situation with forestry wood waste. Justine Reynolds Submitted Photo In addition, as announced on 3 September 2019, the Company has signed an Equipment Sale and Services Contract with NFCP, with a sales value of €2.2 million to the Company.Due diligence being conducted by potential subscribers for the Bonds and the finalisation of legal documentation has been ongoing for several weeks. We have a track record in successfully growing non-psychoactive cannabis for its medicinal cannabidiols, as well as terpenes and flavonoids. We are confident that this would be the first of many more projects in California with Phoenix Energy. Plans for the 2MW biomass plant have taken almost a decade to take shape, but the proponents are finalising a multi-million dollar financing package which would pave the way for construction to begin. In a deal recently funded by the Central Valley NMTC Fund, $6 million of Central Valley’s allocation was used to provide financing for North Fork Community Power LLC, to build and operate the nation’s first forestry-fueled biomass plant. Our success at North Fork Ecologic is tied to the application of regenerative soil science that allows us to achieve consistency on scale, maintaining quality and yield without sacrificing ethics with respect to land and water use. All of our phenotypes are documented with a specific certificate of analysis.We are continually committed to being at the forefront of innovation using agricultural technology, sustainable farming models and data analysis techniques. While many farmers plant by genetic variety, we understand that each phenotype has it’s own unique expression. © 2020 - DirectorsTalk Interviews. The Company will update the market in due course.The Company also notes that California Senate Bill 901, enacted in 2018, authorises US$200 million per year for five years from the state’s Greenhouse Gas Reduction Fund for wildfire prevention, primarily in the form of hazardous fuel reduction projects. The construction of a new biomass plant in North Fork, California is set to begin final construction later this year. Paonia, Co. established. Callon Petroleum Company – Consensus Indicates Potential 56.1% UpsideAstrazeneca PLC – Consensus Indicates Potential 2.7% UpsideBP p.l.c. Eqtec shares surge as it finalises North Fork biomass plant deal. The proceeds of the Bond issue, once subscribed for, together with EQTEC’s investment in-kind of US$2.5 million, is expected to enable the Project to reach financial close.
– Consensus Indicates Potential 29.2% UpsideCSX Corporation – Consensus Indicates Potential 4.2% Upside The Company initially expected the process for the issue of the Bonds, which includes the sale of tax credits awarded by the State of California attaching to the Bonds, would complete towards the end of October 2019. Reminder: The next regular CDC board meeting will be on June 22, 2020 at 5:30 pm at the North Fork CDC Conference Room at the Mill Site (or maybe virtually) Posted in Agendas , News | Leave a comment When operational, the plant will generate enough power for 1,000 homes. U.K.-based gasification company Eqtec plc announced on Jan. 2 that the company has reached financial close on a proposed 2 megawatt biomass project in North Fork, California.
In addition, California Senate Bill 1122 stipulates that 20% of the additional 250 MW capacity outlined in the bill must come from projects that rely on forestry sources.“Senate Bill 1122 was designed to combat the tree mortality crisis in the Sierra. Site. It is where we grow our most promising cultivars with our fullest attention to detail. All rights reserved. Size.