PHE Powerhouse Energy Group Plc

 
TIDMPHE 
 
Powerhouse Energy Group Plc 
                        ("Powerhouse" or the "Company") 
 
                             Change of Directorate 
 
25 September 2020 
 
Powerhouse Energy Group plc (AIM: PHE), the UK technology company 
commercialising hydrogen production from waste plastic, announces that after 
almost three years in the role of Chairman of the Board and a successful fund 
raise of GBP5 million, Dr Cameron Davies is handing over the Chair to Tim Yeo, a 
fellow non-executive director and deputy chair, with immediate effect. Dr 
Davies will continue to serve shareholders as a non-executive director of the 
Company. 
 
Tim Yeo, Chairman of Powerhouse, said the following: 
 
"On behalf of the whole Board and all our shareholders I would like to express 
my warmest thanks to Cameron for his dedication and hard work as Chairman. We 
are all pleased that we will still have the benefit of his wise counsel as he 
will continue as a non-executive director. 
 
"I am honoured to be appointed Chairman of Powerhouse as it stands on the 
threshold of a new era in its history with the initiation of the Protos 
application of our DMG technology. Our urgent task now is to start building our 
first commercial scale plant and bring forward the day when the world can 
benefit from the huge environmental benefits which our technology will 
deliver." 
 
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) 207 220 
Adviser)                             1666 
 
James Joyce / Lydia Zychowska 
 
Turner Pope Investments Ltd (Joint   Tel: +44 (0) 203 657 
Broker)                              0050 
 
Andrew Thacker / Zoe Alexander 
 
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.  Powerhouse's technology is one of the 
world's first proven, distributed, modular, hydrogen from waste (HfW) process. 
 
The Powerhouse DMG® process can generate up to 2 tonnes of road-fuel quality 
H2, and more than 58MWh of exportable electricity per day. 
 
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. As announced on 11th February 2020 under its Supplemental 
Agreement with Peel Environmental, PHE will receive an annual license fee of GBP 
500,000 in respect of each project which is commissioned. 
 
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 the Protos project 
 
The first application of the Powerhouse DMG technology is to be built at the 
Protos Site, a Peel L&P energy park development on a 54-hectare site known as 
'Protos' near Ellesmere Port, Cheshire, England. The site is the first 
development by Peel L&P under the Collaboration Agreement. 
 
The planning permission for the application was submitted in September 2019 
and, on 3 March 2020, the Cheshire West and Chester planning committee approved 
the planning application for the DMG Technology to be utilised on the Protos 
Site. 
 
 
 
END 
 

(END) Dow Jones Newswires

September 25, 2020 02:00 ET (06:00 GMT)

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