PHE Powerhouse Energy Group Plc

TIDMPHE

Powerhouse Energy Group PLC

05 July 2019

The following amendment has been made to the 'DMG(R) ready to solve plastic waste crisis' Reach announcement released on 11 June 2019 at 7.00 a.m. under RNS Reach No 7483B.

PowerHouse Energy Group plc ("PowerHouse Energy" or the "Company") advises that in the RNS Reach response to the BBC1's documentary 'War on Plastic with Hugh and Anita' on 11 June 2019 the Company wrongly labelled the electricity produced from plastic waste clean-up as 'clean'.

The electricity produced does have emissions and within UK these must meet the stringent criteria set by the IED (Directive 2010/75/EU). The reference to 'clean' should have been made against the hydrogen fuel produced by the process.

All other details remain unchanged.

The full amended text is shown below.

PowerHouse Energy Group plc

("PowerHouse Energy" or the "Company")

DMG(R) technology ready to solve exported plastic waste crisis

PowerHouse Energy Group plc (AIM: PHE), the UK technology company pioneering hydrogen and clean energy production from waste plastic, is pleased to respond to the first part of BBC1's documentary 'War on Plastic with Hugh and Anita' aired last night by bringing attention to PHE's DMG(R) technology which can convert plastic waste into hydrogen and electricity and so eradicate any need for such waste to be shipped from the UK to Malaysia, or anywhere else.

A compelling example of how this technology will use plastic that may otherwise end up in Malaysia would be to locate a DMG(R) plant on a UK waste management site and on the same site locate a hydrogen fuelling station to power supergreen hydrogen powered local buses servicing the local community. In particular, this would provide an immediate solution for those councils which have found, to their embarrassment, their recyclable plastics ending up on a rubbish tip in Malaysia as demonstrated in the programme or elsewhere.

Furthermore, DMG(R) technology can be utilised to directly benefit communities where the exported plastic waste could be used to generate electricity for areas which currently have no or very limited access to the electricity grid. A local plant using just 25 tonnes of plastic waste would create circa 58 MWh of electrical power per day, enough to provide for communities of several thousand people in the developing areas of the world including Malaysia.

PowerHouse Energy's Chief Executive Officer, David Ryan, commented:

"We relish the opportunity to show just what can be achieed with our DMG(R) energy recovery process to address the plastic waste crisis. It is the responsible thing to do alongside other commendable initiatives being deployed.

"The scope of our DMG(R) technology is truly global and with the support we are seeking from govermenments and commercial partners across the world it is ideally placed to make a significant impact in helping win the war on plastic."

ENDS

For more information, contact:

   PowerHouse Energy Group plc                                 Tel: +44 (0) 203 368 6399 

David Ryan, Chief Executive Officer

   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(R) - 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(R) process can generate in excess of 1 tonne of road-fuel quality H2, and more than 58 MWh 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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

NRAEAXXSESLNEEF

(END) Dow Jones Newswires

July 05, 2019 04:03 ET (08:03 GMT)

Powerhouse Energy (LSE:PHE)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024

Powerhouse Energy (LSE:PHE)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024