Powerhouse Energy
Group plc
("Powerhouse" or
the "Company")
9 June
2022
Planning approved
for second UK site for Powerhouse technology
Powerhouse Energy Group plc (AIM:
PHE), the UK technology company commercialising hydrogen production
from plastic, is pleased to announce that its UK channel partner
Peel NRE, part of Peel L&P, has been granted planning approval
for a hydrogen facility in West
Dunbartonshire, Scotland.
The £20m 13,500 tonne facility at
the site at Rothesay Dock on the north bank of the River
Clyde, will be the second site in the UK planning to use
Powerhouse’s technology to turn waste plastic into hydrogen. The
hydrogen will be used as a clean fuel for vehicles, with plans for
a linked hydrogen refuelling station on the site. It follows the UK
Government doubling its hydrogen production target by 2030 as part
of the recently-published Energy Security Strategy, so more clean
and affordable energy can be produced in the UK as energy prices
continue to rise globally.
Planning approval for the Rothesey
Dock site is an important early step in the process of getting the
facility built there. This is the second planned facility, with the
first to be delivered at Peel NRE’s Protos site in Cheshire, as
announced on 10 April 2019. Peel NRE
has already been granted planning approval for the Cheshire site,
and intends to start construction this year.
Richard
Barker, Development Director at Peel NRE, said: “This is a
fantastic moment for West
Dunbartonshire and Scotland. It shows how the UK is innovating
when it comes to rolling out new net zero technologies. The
facility will address the dual challenge of both tackling our
problem plastic whilst creating hydrogen, a sustainable fuel for
future generations.
“Whilst the focus must remain on
removing plastic from society, there are still end of life plastics
that need managing. The plant will play a pivotal role in making
the best use of non-recyclable material, with the resulting
hydrogen able to help cut carbon emissions from vehicles.”
Paul
Drennan-Durose, Chief Executive Officer of Powerhouse, said:
“The consent for a second site is another substantive step for
Powerhouse, as we roll-out the process of commercialising our
technology. We value the opportunity of working alongside Peel NRE,
and in supporting the Scottish and UK governments in their missions
to decarbonise communities and the economy.”
Zero Waste Scotland estimates that
around 500,000 tonnes of waste plastic are produced in Scotland every year, with research undertaken
by Anthesis, on behalf of Peel NRE, showing that around 300,000
tonnes are within the central belt of Scotland.
Peel NRE has signed a collaboration
agreement with Powerhouse to develop 11 waste plastic to hydrogen
facilities across the UK in the medium term, with the option of
exclusive rights for a total of 70 facilities. The North Clyde
facility is the second site to come forward under the collaboration
agreement.
-ENDS-
For more information, contact:
Powerhouse Energy Group
plc |
Tel: +44 (0) 203 368 6399 |
Paul Drennan-Durose |
|
WH Ireland Limited (Nominated
Adviser) |
Tel: +44 (0) 207 220 1666 |
James Joyce/Megan Liddell |
|
Turner Pope Investments (TPI) Ltd
(Joint Broker) |
Tel: +44 (0) 203 657 0050 |
Andrew Thacker/James Pope |
|
SisterSmith PR (media
enquiries) |
Mob: +44 (0) 7766522305 |
Becca Smith |
|
Notes to Editors:
About Powerhouse Energy Group plc
Powerhouse Energy has developed a proprietary process technology
- DMG® - which can utilise waste plastic, end-of-life-tyres, and
other waste streams to convert them efficiently and economically
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 process.
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.
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
About Peel NRE
Peel NRE, part of Peel L&P, is
at the heart of the nation’s activity around clean growth and the
circular economy – helping the UK achieve net zero by 2050 and
supporting regions in their actions to achieve climate emergency
targets.
We reuse, repurpose and re-energise
natural resources to develop and maintain vital infrastructure
across the UK and are experts in renewable energies, district
heating, waste to value, water management, materials management and
electric vehicle charging.
Our Protos Cheshire energy and
resource hub leads the way in low carbon energy and waste
management through innovative technologies including the UK’s first
plastic-to-hydrogen facility, a 50MW windfarm, a 26MW biomass
plant, a 49MW energy from waste plant in construction and a plastic
park blueprint to revolutionise plastic recycling nationwide.
More about Peel NRE at www.peellandp.co.uk/peelnre
About Peel L&P
Peel L&P is an ambitious regeneration business which owns
and manages 12 million sq ft of property and 20,000 acres of land
and water across the UK, with a total portfolio value of over £2.5
billion.
Established in 1972, it has generations of history, heritage and
expertise and is responsible for some of the most transformational
projects in the country including The Trafford Centre, Peel Waters’
MediaCity and Peel NRE’s Protos energy and resource hub in
Cheshire.
Other Peel Waters regeneration sites include Liverpool Waters,
Wirral Waters, Trafford Waters,
Manchester Waters, Glasgow Waters and Chatham Waters with a development pipeline of
around 30,000 homes, 10 million sq ft of commercial space and circa
160 acres of public realm over the next 20 to 25 years.
As part of The Peel Group, it strives to make a positive impact
on people’s lives and is a key partner in helping central and local
Government tackle unemployment, reach net zero carbon targets,
solve the housing crisis and level-up the country’s regions to
improve the prosperity, climate resilience and health and wellbeing
of communities.
Peel L&P has accelerated its action towards addressing
climate change and biodiversity loss, and its five-year
sustainability plan is aligned to the United Nations Sustainable
Development Goals. It was also the first company in the UK to third
party verify buildings as net zero carbon, as defined by the UK
Green Building Council.
Peel L&P’s specialisms include large-scale mixed-use
regeneration schemes, residential, retail, industrial and
logistics, hospitality & leisure, and low carbon energy
development.