PowerHouse Energy Group
plc
("PowerHouse Energy" or the "Company")
10 April
2019
Development
Partner agrees Lease for Hydrogen Development Site
PowerHouse Energy Group plc (AIM: PHE), the UK technology
company pioneering hydrogen and clean energy production from waste
plastic, is pleased to announce that its development partner,
Waste2Tricity Limited (“W2T”), has concluded negotiations and
signed an agreement with Peel Environmental for an 124 year lease
of a plot on the 54-acre Protos energy hub site, an important
milestone in its plan to build a waste plastic to hydrogen and
power facility.
This is expected to the be the first full scale commercial site
for Powerhouse’s proprietary hydrogen from waste DMG® technology,
an important step in PowerHouse Energy’s commercialisation
strategy. PowerHouse Energy and W2T will now seek to conclude the
arrangements for the sale and license of the DMG® technology for
this site as well as W2T completing the power purchase agreement
and a plastic feedstock supply necessary to finalise its
funding.
The Protos site, located near Ellesmere Port in Cheshire, is
being developed by Peel Environmental, part of Peel L&P and a
subsidiary of the Peel Group, one of Britain’s leading
infrastructure, transport and real estate companies. The £700m
energy hub clusters complementary businesses, including energy
intensive industries, associated supply chain and energy
generation.
David Ryan, CEO of PowerHouse
Energy, commented:
“This is a significant strategic
development for PowerHouse Energy as our development and
operational partners W2T and Peel both share the vision for
hydrogen in the North West.
“We look forward to concluding our
own contractual arrangements shortly which together with the
plastic feed and energy use agreements currently being progressed
by our partners are all stepping stones to bringing the
development to financial close.
“We believe the Protos site to be an ideal location to
showcase our DMG® technology in action on a fully commercial
basis and demonstrate the considerable value this technology
delivers, paving the way for other contracts in the pipeline to
come to fruition.“
Myles Kitcher, Managing Director
of Peel Environmental commented:
“We are delighted to be working in
partnership with W2T and PowerHouse Energy to deliver this ‘UK
first’ waste to hydrogen project. This project sums up the vision
for Protos – a closed loop solution where innovative technologies
are used to create value from waste and provide low carbon energy
sources. Not only will this help tackle the problem of waste
plastics, it will provide a local source of hydrogen which could be
used as a clean and low cost fuel for buses and HGVs across the
region. We see this as the first of many opportunities to roll out
the technology across other Peel sites in the UK.”
John Hall, Chairman of
Waste2Tricity commented:
“We are extremely pleased to be developing this site using
the DMG® technology, we believe it will be the first of many
in UK and elsewhere globally. The Protos site is ideally located in
the North West, with discussions underway with initial suppliers of
unrecyclable plastic feedstock including from other potential
tenants within the park.
“We look forward to progressing to
build this facility with PowerHouse Energy and Peel and the bright
future ahead for responsible energy recovery.”
ENDS
For more information, contact:
PowerHouse Energy Group plc
Tel: +44 (0) 203 368 6399
David Ryan, 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
Notes for editors:
About PowerHouse Energy and DMG
technology
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 syngas 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) process.
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
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; projects that currently use high
temperature gasification and either steam cycle or internal
combustion engines/gas turbines (ICEs/GTs) to efficiently convert
waste to energy.
For more information see www.waste2tricity.com
About Peel Environmental and
Protos
Peel Environmental, part of Peel Land and Property (Peel
L&P), owns and develops waste infrastructure projects. It has
achieved consent for a range of energy infrastructure schemes
including a 35MW Energy from Waste plant at Protos in Cheshire, 21MW Energy from Waste plant and
250,000tpa AD and MRF in Glasgow;
and a 20MW Energy Centre at Houghton Main, Barnsley. Peel works with investors, waste
management companies, technology providers and contractors to
secure a deliverable business model for each project.
Peel Environmental brought forward and consented the Protos
development, previously known as Ince Resource Recovery Park.
Protos is the destination of choice for energy, innovation and
industry. Boasting unrivalled connections to some of the region’s
biggest industrial forces, Protos is a strategic energy hub at the
core of the Northern Powerhouse.
The 54ha (134 acres) development site has full outline planning
consent and part detailed planning consent for general
manufacturing and distribution uses (B1, B2 & B8), as well as a
biomass facility and an Energy from Waste facility. Set on the
south bank of the Manchester Ship Canal in the North West of
England, the site is ideally
placed to become an industrial micro-climate, with enviable
transport links providing access to UK and International markets
and surrounding industrial heartland.
For more information about Protos visit:
www.thisisprotos.com