PowerHouse Energy
Group plc
("PowerHouse" or
the "Company")
19th
December 2019
Protos Development
Funding
PowerHouse Energy Group plc (AIM: PHE), the UK technology
company pioneering hydrogen production from waste plastic, is
pleased to announce significant progress towards the first
commercial operation of DMG® Technology at Protos in the UK.
Peel L&P Environmental, have completed their review of the
completed engineering work and moved to commitment to the next
stage of development and engineering for the Protos Energy Park.
Peel are committing to fund the next stage of development of the
DMG® plant at Protos up to a financial close, the point at which
full project third party funding is secured.
With preliminary engineering for the site having been completed,
the design has progressed such that the DMG® facilities at Protos
would now have the capacity to process 35 tonnes per day of waste
plastics, targeting to produce 3.8MWe on site and exporting 3.4MWe
electricity and up to 2 tonnes of hydrogen per day from the site.
The planning permission application is currently under review.
In the next stage Peel will place contracts with engineering
contractors for the management, civil and plant engineering design
all of which are expected to be placed in January 2020. The Peel commitment will extend to
other site planning, feedstock and site infrastructure activities,
including the provision of engineering services by PHE.
This next stage in the project forms part of the collaboration
agreement signed in August 2019 with
Peel Environmental and Waste2tricity to develop a minimum of 11
sites in the UK for DMG® facilities. All parties in the
collaboration have also been involved in developing the future
deployment plans across the other 10 sites and further
announcements will be made when these commitment contracts are
completed.
Peel have a strategy to develop “Plastic Parks” where waste
plastics are recycled and regenerated. Peel’s plans are to bring
together potential counterparties for waste, power and hydrogen
with a nett negative CO2 contribution for each site. PHE’s DMG®
process will be an enabling technology to ensure no plastic is sent
to landfill from these sites by regenerating the waste plastic into
power and hydrogen.
David Ryan, CEO of PowerHouse
Energy, commented:
“This agreement represents the
completion of the preliminary engineering stage and I am most
encouraged that the PHE team have achieved a major uplift in the
performance of the DMG process, including almost doubling the
hydrogen output to 2 tonnes, significantly enhancing our partners
commercial drivers. The commitment demonstrates significant
commercial confidence from Peel L&P Environmental to the
immediate and long-term deployment of the process in the UK.”
Myles Kitcher, Managing Director
of Peel L&P Environmental commented:
“This further agreement reflects the
confidence we have in the DMG Technology which will enable us to
tackle the plastic challenge head on with an integrated approach to
recycling and energy recovery. DMG allows us to eliminate landfill
from our site, by regeneration of wasted plastic into power and
hydrogen.
“We are excited to be implementing
our strategy in partnership with PowerHouse Energy and for Protos
to be the first application of their ground-breaking technology to
improve the waste management process and the environment in the
UK.”
Tim Yeo, Chairman of
Waste2Tricity commented:
“We are delighted with this
significant step forward to the deployment of an environmentally
important technology. We warmly welcome the closer involvement of
Peel L&P Environmental in the development of the DMG
Technology.”
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 Savidge |
|
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|
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 |
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.
The PowerHouse technology is one of the world’s first proven,
modular, hydrogen from waste (HfW) process.
The PowerHouse DMG® process can generate up to 2 tonnes 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
About Waste2Tricity Limited
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 L&P Environmental and
Protos
Peel L&P 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