Powerhouse Enrgy Grp MOU for waste-to-hydrogen facilities in state of Qatar

 
TIDMPHE 
 
20 September 2017 
 
                          PowerHouse Energy Group plc 
                        ("PowerHouse" or "the Company") 
 
            MOU for waste-to-hydrogen facilities in state of Qatar 
 
PowerHouse Energy Group plc (AIM: PHE), the company focused on ultra high 
temperature gasification waste to energy and waste to hydrogen systems and the 
creator of Distributed Modular Gasification (DMG©), is pleased to announce it 
has entered into a Memorandum of Understanding (MOU) with Energy & Environment 
Holding (EEH), an independent consulting firm specialising in energy, 
environment, privatisation, and sustainable development based in Doha, Qatar. 
 
This MOU has been established to jointly investigate the opportunity of 
enabling Qatar to establish a network of DMG© systems for the conversion of 
waste to hydrogen and distribute this low-cost, low-carbon hydrogen through a 
network of FCV (fuel cell vehicle) filling stations in advance of, and in 
preparation for, the 2022 FIFA World Cup. Whilst this MOU is not fully binding 
and there is no certainty it will result in a firm agreement, the Company sees 
this as a promising step and looks forward to updating the market of its 
progress. 
 
The objective of the project is to install a number of low-cost, low-carbon, 
hydrogen refueling stations in support of potential fleets of hydrogen powered 
buses, taxis, and other vehicles, thereby enabling Qatar to become a leading 
promoter of the burgeoning hydrogen economy.  The project is expected to be led 
by the CEO of EEH, Roudi Baroudi, also a member of the PowerHouse Advisory 
Panel 
 
The development of the hydrogen economy, in which DMG© has the potential to 
play a significant role, will expedite the ultimate replacement of hydrocarbon 
fuels with carbon neutral, sustainable hydrogen as an economical alternative 
for commercial and consumer transport. 
 
An early review of the project suggests that approximately 20 DMG© systems in 
Doha and surrounding areas will provide sufficient hydrogen to supply several 
thousand cars and buses leading up to, and in support of, the 2022 FIFA World 
cup. 
 
PowerHouse and EEH anticipate the set up of a JV company in which EEH (or a 
wholly owned subsidiary or other appropriate Qatari partner) will hold 51% of 
the equity and be responsible for the acquisition of suitable land, obtaining 
relevant permits, licenses or approvals from Qatari public bodies and 
identifying and supplying appropriate waste streams. EEH will also be 
responsible for procuring third party financing for the project. 
 
PowerHouse will grant the JV company an exclusive licence for the use of its 
G3-UHt DMG© technology in Qatar, within the scope of operation of the project. 
 
Both parties will collaborate to procure the relevant financing and other 
stakeholder support for the project from, for example, local energy companies, 
global automobile companies present in Qatar and/or other supra-national 
organisations. 
 
This project was conceived, and is being coordinated, by Waste2tricity Ltd in 
conjunction with PowerHouse. 
 
Roudi Baroudi will oversee the development of the JV company in the initial 
stages of the project. 
 
Roudi Baroudi said: 
 
"This is an exciting and ground-breaking project. Qatar has significant waste 
difficulties, and PowerHouse's technology provides a safe, clean, and 
sustainable solution for dealing with some of this waste, at the same time 
providing state-wide availability of low-cost vehicular hydrogen. Qatar will 
become the first country globally to enjoy this level of coverage, so in 
environmental terms, this is not just, a significant step forward for the 
country, but also a compelling example for the entire international community. 
 
Qatar, the world's leading producer and exporter of liquefied natural gas 
(LNG), also has proved a hotbed for alternative fuel research and development, 
with both private and public local companies undertaking a variety of ventures, 
often with major international partners. These include the Pearl gas-to-liquids 
plant in Ras Laffan, a joint venture headed by Shell and Qatar Petroleum that 
is the largest facility of its kind." 
 
Keith Allaun, Executive Chairman of PowerHouse Energy, said: 
 
"This represents a very significant step forward for the progress of PowerHouse 
and its technology. The recent successful testing of our reconfigured G3-UHt 
facility was a necessary and vital step in providing proof of concept of our 
technology and this MOU, with EEH, whilst currently non-binding, provides 
third-party validation. , 
 
"While this is only in its early stages, this concept is precisely the vision 
we've held for the commercial roll-out of DMG© - both in the UK and elsewhere. 
". 
 
The Company's Qatar H2 Concept presentation will shortly be available to view 
at www.powerhouseenergy.net. 
 
For more information, contact: 
 
PowerHouse Energy Group plc                       Tel: [phone] 
Keith Allaun, Executive Chairman 
 
WH Ireland Limited (Nominated Adviser)            Tel: [phone] 
James Joyce / James Bavister 
 
Turner Pope Investments Ltd (Joint Broker)        Tel: [phone] 
Ben Turner / James Pope 
 
Smaller Company Capital Limited (Joint Broker)    Tel: [phone] 
Jeremy Woodgate 
 
Allerton Communications (Media enquiries)         Tel: [phone] 
Peter Curtain 
 
About PowerHouse Energy 
 
PowerHouse is the holding company of the G3-UHt Ultra High Temperature 
Gasification Waste-to-Energy system, and the creator of Distributed Modular 
Gasification© ("DMG©"). 
 
The Company is focused on technologies to enable energy recovery from municipal 
and industrial waste streams that would otherwise be directed to landfills and 
incinerators; or from renewable and alternative fuels such as biomass, tyres, 
and plastics to create syngas for power generation and high-quality hydrogen 
for transportation. DMG© allows for easy, economical, deployment and scaling of 
an environmentally sound solution to the growing challenges of waste 
elimination, electricity demand, and distributed hydrogen production. 
 
PowerHouse is quoted on the London Stock Exchange's AIM Market. The Company is 
incorporated in the United Kingdom. 
 
For more information see www.powerhouseenenergy.net 
 
Background on waste in Qatar 
 
Qatar produces around 7,000 tons of waste each day. Some 30 percent of that 
(2,100 tons) is generated by households with the remainder comprised 
of construction and demolition materials. Qatar's waste generation is among one 
of the highest figures per capita in the world, at around 1.6kg to 1.8kg per 
day. 
 
There are three landfills in Qatar which are all running out of space and a 
high percentage of non-organic waste is otherwise incinerated. In addition, an 
estimate in 2014 put the number of used tyres at some 11 million, with many 
exported for disposal or re-use, an expensive and inefficient solution. 
 
(Source: www.DohaNews.co) 
 
 
 
END 
 

(END) Dow Jones Newswires

September 20, 2017 02:00 ET (06:00 GMT)