Newry Biomass Limited agreed to acquire EQTEC Integrated Biomass Gasification Power Plant from EBIOSS Energy AD (CATS:EBI) for £3 million on December 31, 2015. The gasification equipment purchased from EBIOSS will cost 4.963 million (£3.7 million). The deal is subject to securing the necessary financing. James Harris, Richard Tulloch and Ritchie Balmer of Strand Hanson Limited acted as financial advisor for REACT Energy plc, parent of Best Kedco. Conversion was done from oanda.com as of December 31, 2015.
Newry Biomass Limited completed the acquisition of EQTEC Integrated Biomass Gasification Power Plant from EBIOSS Energy AD (CATS:EBI) during the year ended June 30, 2017.