Powerhouse Energy Group PLC Endorsement from Japanese Ministry of Economy
10 Julio 2019 - 3:15AM
RNS Non-Regulatory
TIDMPHE
Powerhouse Energy Group PLC
10 July 2019
PowerHouse Energy Group plc
("PowerHouse" or the "Company")
10(th) July 2019
Japan Ministry of Economy Trade and Industry strongly endorses
DMG Technology
PowerHouse Energy Group plc (AIM: PHE), the UK technology
company pioneering hydrogen production from waste plastic, is
pleased to receive a letter of support from the Japanese Ministry
of Economy Trade and Industry (METI).
The formal letter follows many months of engagement and review
of the DMG Technology. The letter includes commendation from the
Ministry that they consider the DMG as having many environmental
advantages, and they view it as a major competitor within the
low-cost production of hydrogen and incredible value to the
promotion of energy transition and decarbonisation process around
the world.
Powerhouse Energy looks forward to the future development of
opportunities arising from this positive engagement in Japan, but
notes there is no immediate commercial benefit from this letter of
support.
For more information, contact:
PowerHouse Energy Group plc Tel: +44 (0) 203
368 6399
David Ryan, Chief Executive
Officer
WH Ireland Limited (Nominated Tel: +44 (0) 207
Adviser) 220 1666
James Joyce / Chris Savidge
Turner Pope Investments Ltd Tel: +44 (0) 203
(Joint Broker) 621 4120
Ben Turner / James Pope
Ikon Associates(Media enquiries) Tel: +44 (0) 1483
271291
Adrian Shaw Mob: +44 (0) 7979
900733
About PowerHouse Energy Group plc
PowerHouse 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 58MW/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
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END
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