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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Powerhouse Energy Group Plc | LSE:PHE | London | Ordinary Share | GB00B4WQVY43 | ORD 0.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.009 | -0.91% | 0.975 | 0.95 | 1.00 | 1.115 | 0.975 | 0.975 | 33,418,942 | 14:43:48 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Scrap & Waste Materials-whsl | 380k | -46.2M | -0.0111 | -0.87 | 40.33M |
TIDMPHE
Powerhouse Energy Group PLC
10 July 2019
PowerHouse Energy Group plc
("PowerHouse" or the "Company")
10(th) July 2019
Japan Ministry of Economy Trade and Industry strongly endorses DMG Technology
PowerHouse Energy Group plc (AIM: PHE), the UK technology company pioneering hydrogen production from waste plastic, is pleased to receive a letter of support from the Japanese Ministry of Economy Trade and Industry (METI).
The formal letter follows many months of engagement and review of the DMG Technology. The letter includes commendation from the Ministry that they consider the DMG as having many environmental advantages, and they view it as a major competitor within the low-cost production of hydrogen and incredible value to the promotion of energy transition and decarbonisation process around the world.
Powerhouse Energy looks forward to the future development of opportunities arising from this positive engagement in Japan, but notes there is no immediate commercial benefit from this letter of support.
For more information, contact:
PowerHouse Energy Group plc Tel: +44 (0) 203 368 6399 David Ryan, Chief Executive Officer WH Ireland Limited (Nominated Tel: +44 (0) 207 Adviser) 220 1666 James Joyce / Chris Savidge Turner Pope Investments Ltd Tel: +44 (0) 203 (Joint Broker) 621 4120 Ben Turner / James Pope Ikon Associates(Media enquiries) Tel: +44 (0) 1483 271291 Adrian Shaw Mob: +44 (0) 7979 900733
About PowerHouse Energy Group plc
PowerHouse has developed a proprietary process technology - DMG(R) - which can utilise waste plastic, end-of-life-tyres, and other waste streams to efficiently and economically convert them into syngas from which valuable products such as chemical precursors, hydrogen, electricity and other industrial products may be derived. The PowerHouse technology is one of the world's first proven, modular, hydrogen from waste (HfW) process.
The PowerHouse DMG(R) process can generate in excess of 1 tonne of road-fuel quality H2, and more than 58MW/h of exportable electricity per day.
The PowerHouse process produces low levels of safe residues and requires a small operating footprint, making it suitable for deployment at enterprise and community level.
PowerHouse is quoted on the London Stock Exchange's AIM Market under the ticker: PHE and is incorporated in the United Kingdom.
For more information see www.powerhouseenergy.net
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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(END) Dow Jones Newswires
July 10, 2019 04:15 ET (08:15 GMT)
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