Buy
Sell
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
  -0.48 -5.52% 8.22 8.20 8.50 9.07 8.15 8.75 15,293,869 16:35:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 0.0 -1.7 -0.1 - 321

Powerhouse Energy Group PLC Image of Facility to Commercialise DMG Technology

10/11/2020 10:03am

RNS Non-Regulatory


TIDMPHE

Powerhouse Energy Group PLC

10 November 2020

RNS Reach

Powerhouse Energy Group PLC

10(th) NOVEMBER 2020

Powerhouse Energy Group plc

("Powerhouse" or the "Company")

IMAGE RELEASED OF FACILITY WHERE DMG(R) TECHNOLOGY IS TO BE COMMERCIALISED

Powerhouse Energy Group plc (AIM: PHE), the UK technology company pioneering hydrogen production from waste plastic, has seen an image released by Peel L&P Environmental of the Plastic Park where its DMG technology is intended to be commercialised.

Peel L&P Environmental's Plastic Park will be an energy and resource hub situated on the existing 54-hectare Protos site. The facility will bring together large energy users with sources of low-carbon energy, and clusters together resource management technologies.

The Powerhouse Energy Group plc (AIM: PHE) DMG(R) technology is expected to form a significant part of the solution to unrecyclable plastics at the UK's first Plastic Park being developed by Peel L&P Environmental.

Consented earlier this year and already under development, the first commercial use of the technology at the Plastic Park is expected to start by the end of next year.

PowerHouse Energy and Peel L&P Environmental are collaborating to develop 11 waste plastic to hydrogen facilities across the UK. These Plastic Parks will revolutionise the way that plastic waste is currently handled.

Tim Yeo, Chairman of Powerhouse Energy Group said:

"We are delighted that our DMG technology is to play such a key role in Peel L&P Environmental's Plastic Park strategy. And we are particularly proud to be part of Protos as one of the key projects driving forward the net zero economy in the North West and part of the region's plan to become the first low carbon industrial cluster by 2030.

"Being on the Plastic Park will give us easier access to materials from other businesses on site that can then be turned into hydrogen and electricity. We can create value from what is otherwise a waste product. We're looking forward to opening the plastics to hydrogen facility next year, and welcoming neighbours that share our vision."

-ENDS-

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 / Lydia Zychowska 
 
 Turner Pope Investments Ltd           Tel: +44 (0) 203 
  (Joint Broker)                        657 0050 
 Andrew Thacker / Zoe Alexander 
 
 
   SisterSmith PR (Media enquiries)      Mob +447766522305 
   Becca Smith 
   Ikon Associates (Media enquiries)     Tel: +44 (0) 1483 
                                         271291 
 Adrian Shaw                           Mob: +44 (0) 7979 
                                        900733 
 

Notes for editors:

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 up to 2 tonnes of road-fuel quality H2, and more than 58MWh 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

About Peel L&P Environmental and Protos

Peel Environmental, part of Peel L&P, owns and develops waste infrastructure projects. It has achieved consent for a range of energy infrastructure schemes including a 49MW Energy from Waste plant at Protos in Cheshire, 21MW Energy from Waste plant and 250,000tpa AD and MRF in Glasgow; and a 20MW Energy Centre at Houghton Main, Barnsley. Peel works with investors, waste management companies, technology providers and contractors to secure

a deliverable business model for each project.   www.peelenvironmental.co.uk 

Peel Environmental brought forward and consented the Protos development, previously known as Ince Resource Recovery Park. The 54ha (134 acres) development site has full outline planning consent and part detailed planning consent for general manufacturing and distribution uses (B1, B2 & B8), as well as a biomass facility and an Energy from Waste facility.

   www.protos.co.uk   @ThisIsProtos 

Protos sits within the Energy Innovation District (EID) which brings together energy users, network owners, innovators and partners working alongside Cheshire & Warrington LEP, Cheshire West and Chester Council and the University of Chester. With the objective of driving down the cost of clean energy the EID is an opportunity to deliver a new decarbonised energy system for the North West of England, meeting the Government's Clean Growth agenda while boosting economic growth and investment.

www.energyinnovationdistrict.com

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. 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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRAEAEFEFEAEFFA

(END) Dow Jones Newswires

November 10, 2020 05:03 ET (10:03 GMT)

1 Year Powerhouse Energy Chart

1 Year Powerhouse Energy Chart

1 Month Powerhouse Energy Chart

1 Month Powerhouse Energy Chart
ADVFN Advertorial
Your Recent History
LSE
PHE
Powerhouse..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20210127 18:15:51