29th June
2021
Powerhouse Energy
Group plc
("Powerhouse" or
the "Company")
DNV Validation of
Enhanced DMG Designs
Powerhouse Energy Group plc (AIM: PHE), the UK technology
company commercialising hydrogen production from non-recyclable
waste plastic, is pleased to announce that DNV, the international
gas process design and certification consultancy, have completed
stage one of the validation of the enhanced design to produce 2
tonnes per day of hydrogen.
The work was based on the recently completed update of the
Front-End Engineering Design (FEED) for Protos which enhanced
production options, allowed for variable feedstocks and produced
large export packets of hydrogen for use by fleet
operators.
The Statement of Feasibility follows detailed evaluation of the
Company’s enhanced process design to deliver 2 tonnes per day of
hydrogen including features for export of the product and was
undertaken against all design enhancements enacted over a two-year
period and represented in the first application at the Protos
Energy Park in Elllesmere Port, Cheshire. The DNV assessment has
removed previous uncertainties regarding operating
parameters.
Following this validation, the DNV assessment team will continue
with extensive verification of the designs including failure mode
and criticality assessments which lead to complete technology
qualification in accordance with DNVGL-SE-0160. DNV and the
Company recognise that new sources of uncertainty may be discovered
as qualification progresses. However, the Company is confident that
its Technology Development Programme has identified a work
programme to remove many unknowns through the execution of the
Protos development and that the likelihood of new sources of risk
arising are low. A Certificate of Endorsement should be expected in
due course later in the year.
The DNV Statement and report will be used by Peel, their
consultants and contractors to support finalisation of contracts
for the Protos execution. The material will also support
project development work in Australia and Europe.
David Ryan, Chief Executive of
Powerhouse, said “I thank DNV for their speedy work in presenting
their report and the operations team led by Dr Physick in
presenting the operational material necessary to complete this
review.
The delivery of this validation is my last act for Powerhouse. I
leave the Company, confident that the technology development team
led by Paul Emmitt many of whom have
delivered process plant alongside me for 15 years will deliver DMG
technology as the reliable cost effective source of hydrogen for
road transport use in the community.”
Tim Yeo, Executive Chair, said “I
welcome this latest DNV validation and thank David Ryan warmly for his work in the last four
years during which our Company has made great progress. David is
now going to have a well-earned break but I am pleased to say that
his advice will be available to us in future as a consultant to
help ensure the timely completion of our first commercial scale
plant.”
-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