1st June 2021
Powerhouse Energy
Group plc
("Powerhouse" or
the "Company")
Second UK site for
Powerhouse technology
Powerhouse Energy Group plc (AIM:
PHE), the UK technology company commercialising hydrogen production
from waste plastic, is pleased to announce that Peel NRE, part
of Peel L&P, is planning to develop its second waste plastic to
hydrogen facility, using Powerhouse technology, at the Rothesay
Dock on the north bank of the River Clyde, West
Dunbartonshire.
The 13,500 tonne facility will be
the second in the UK to use pioneering DMG® technology
developed by Powerhouse Energy Group plc, after plans for a similar
facility at Peel NRE’s Protos site in Cheshire were approved in
2019.
Tim
Yeo, Executive Chairman of Powerhouse Energy Group,
said:
“We are delighted Powerhouse
technology is to be deployed in Scotland, helping the region improve air
quality and provide a solution to end-of-life
plastic. This new facility will play an important role
in supporting the objective of both Holyrood and Westminster to
make hydrogen a key element of Scotland’s decarbonisation
strategy. We welcome plans to co-locate a re-fuelling
station at the site which will help increase uptake of hydrogen
fuel in the region and add to Scotland’s growing hydrogen
economy. All eyes are on Scotland ahead of the important COP26 meeting in Glasgow later this year, so we are delighted
our pioneering, clean energy technology will help put Scotland on the path to net
zero”.
Richard
Barker, Director at Peel NRE, part of Peel L&P,
said:
“Plastic is often demonised, but we
have seen how essential it is in industries like healthcare. We do
need to recycle as much of this plastic as possible and also get as
much value from unrecyclable, end-of-life plastic. This facility
will convert plastic into hydrogen a clean fuel that produces no
emissions at the point of use, helping to improve local air
quality. By co-locating a refuelling station, we can help to kick
start the infrastructure needed to support the rollout of hydrogen
vehicles which will be an important part of our journey to net
zero.”
Decisions about the financing of
this second plant will be made after land use planning consent has
been obtained and closer to the start date for construction.
Details of this will be announced at that time.
-ENDS-
For more information,
contact:
Powerhouse Energy Group
plc |
Tel: +44 (0) 203 368 6399 |
Tim Yeo, Executive
Chairman |
|
|
|
WH Ireland Limited (Nominated
Adviser) |
Tel: +44 (0) 207 220 1666 |
James Joyce/ Lydia Zychowska |
|
|
|
Turner Pope Investments
(TPI) Ltd (Joint Broker) |
Tel: +44 (0) 203 657 0050 |
Andrew Thacker |
|
|
|
SisterSmith PR
(media enquiries)
Becca Smith |
Mob: +44 (0) 7766522305 |
Notes to Editors:
About Powerhouse Energy Group plc
Powerhouse 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 syngas from which valuable
products such as chemical precursors, hydrogen, electricity and
other industrial products may be derived. Powerhouse’s technology
is one of the world's first proven, distributed, modular, hydrogen
from waste (HfW) process.
The Powerhouse DMG® process can
generate up to 2 tonnes of road-fuel quality hydrogen and more than
58MWh of exportable electricity per day.
Powerhouse’s process produces low
levels of safe residues and requires a small operating footprint,
making it suitable for deployment at enterprise and community
level. As announced on 11th February
2020 under its Supplemental Agreement with Peel
Environmental, Powerhouse will receive an annual license fee of
£500,000 in respect of each project which is commissioned.
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.co.uk