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
Keith Allaun, Executive Chairman |
Tel: +44 (0) 203 368 6399 |
WH Ireland Limited (Nominated Adviser)
James Joyce / James Bavister |
Tel: +44 (0) 207 220 1666 |
Turner Pope Investments Ltd (Joint
Broker)
Ben Turner / James Pope |
Tel: +44 (0) 203 621 4120 |
Smaller Company Capital Limited (Joint
Broker)
Jeremy Woodgate |
Tel: +44 (0) 203 651 2910 |
Allerton Communications (Media
enquiries)
Peter Curtain |
Tel: +44 (0) 20 3633 1730 |
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)