EQTEC to move into the black in 2021 The company aims to build more advanced gasification plants in more markets with a greater, cleaner impact on local communities and greater returns for investors. EQTEC PLC (LON:EQT) expects revenues will rise to around €15mln in 2021 from €2.2mln in 2020, shifting it into the black. The gasification specialist said in its full-year results statement covering 2020 that the increase in revenues, together with an expected contribution from EQTEC Capital, are forecast to generate positive underlying earnings (EBITDA), making 2021 EQTEC's first year of profitability. Revenue in 2020 grew to €2.23mln from €1.69mln in 2019 while the loss before tax widened to €5.84mln from €3.58mln, partly reflecting an increase in administrative expenses to €3.69mln (2019: €2.67mln) and employee share-based compensation in 2020 of €1.30mln.