PHE Powerhouse Energy Group Plc

 
TIDMPHE 
 
PowerHouse Energy Group plc 
 
                        ("PowerHouse" or the "Company") 
 
                  Discussions with Toyota Tsusho Corporation 
 
 
PowerHouse Energy Group plc (AIM: PHE), the UK technology company pioneering 
hydrogen production from waste plastic and used tyres and developer of the DMG® 
System is pleased to announce that it has received a formal invitation from 
Toyota Tsusho Corporation of Japan to engage in advanced commercial discussions 
regarding the PowerHouse DMG® technology. 
 
This invitation has been made subsequent to an extensive review of the DMG® 
technology by Toyota Tsusho's Chemical Business Development Division and 
subsequent to PHE having achieved its recent "Statement of Feasibility" by 
DNV-GL, a leading provider of technical assurance world-wide. 
 
Following Toyota Tsusho's review of the PHE Basic Engineering Package and the 
DNV-GL technical qualification process, PHE now welcome the news that Toyota 
Tusho have positively reviewed the DMG® technology and consider that DMG® and 
its  application within Japan and Asia offers significant potential. 
 
Mr. Takashi Torigoe, General Manager, Chemical Business Development stated: 
 
        "We have been reviewing Power House Energy's DMG technology over the 
last few months and take great interest in it. We are excited and looking 
forward to a potential partnership in Japan and possibly worldwide." 
 
Discussions with Toyota Tsusho have been led by our UK Project Development 
Team, Waste2Tricity Ltd. with support from our technical team.   It is expected 
that the next level of work for Toyota Tsusho by PHE will include further 
technical and commercial application engineering for the Toyota Tusho/W2T 
Project teams to secure regional early adopters to enhance the project pipeline 
in a variety of geographies. 
 
Keith Allaun, CEO of PowerHouse commented: 
 
        "Whilst there can be no certainty these negotiations will result in a 
formal agreement,  I'm extremely enthusiastic about this opportunity to explore 
how our DMG® technology can be exploited in Japan - an ideal market for our 
Systems. 
 
        "Toyota is taking a leading role globally in the use of hydrogen in 
transport and appears to recognize the value proposition that our distributed 
system has with it's small foot-print, its efficiency, and its ability to 
deliver road-quality hydrogen, at a competitive price,  as and when its 
needed." 
 
Toyota Tsusho is one of the 17 members of the Toyota Group.  On its website, 
Toyota Tsusho is described,  "As the Toyota Group's sole general trading 
company, we gather information and promote the development of new business from 
a global perspective. As automotive professionals with unique capabilities and 
know-how, we strive to lead the Toyota Group in the challenge to develop the 
evolution of next-generation mobility to contribute to the development of both 
society and the Toyota Group." 
 
 
For more information, contact: 
 
PowerHouse Energy Group plc                                 Tel: +44 (0) 203 
368 6399 
Keith Allaun, Chief Executive Officer 
 
WH Ireland Limited (Nominated Adviser)                Tel: +44 (0) 207 220 1666 
James Joyce / Chris Viggor 
 
Turner Pope Investments Ltd (Joint Broker)          Tel: +44 (0) 203 621 4120 
Ben Turner / James Pope 
 
Ikon Associates(Media enquiries)                            Tel: +44 (0) 1483 
271291 
Adrian Shaw 
Mob: +44 (0) 7979 900733 
 
About PowerHouse Energy 
PowerHouse Energy has developed a proprietary process technology - DMG® - which 
can utilise waste plastic, end-of-life-tyres, and other waste streams to 
efficiently and economically convert them into EcoSynthesis gas 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) processes. 
 
The PowerHouse DMG® process can generate in excess of 1 tonne of road-fuel 
quality H2, and more than 28MW/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 
 
 
About Waste2tricity Ltd 
 
Established in 2008, Waste2Tricity is a structured solutions provider to the 
energy-from-waste (EfW) sector, an industry supplying increasing amounts of 
electricity using feedstock diverted from landfill. Waste2Tricity works with 
clients and partners to develop, fund and support EfW deployment projects that 
use proven technology, are profitable and progressive. In the case of PHE these 
projects will use high temperature gasification and internal combustion engines 
to efficiently convert waste plastic to energy and in the future can produce 
hydrogen to support the growth of the hydrogen economy. 
 
 
 
END 
 

(END) Dow Jones Newswires

November 26, 2018 02:00 ET (07:00 GMT)

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