Hardware & electrical equipment
PowerHouse Energy continues to advance DMG technology
The company, which holds its AGM today, wants to start a full commercial development project in 2019
Company
LON:PHE
Powerhouse Energy has developed a process technology which can utilise waste plastic, end-of-life-tyres, and other waste streams to convert them efficiently and economically into syngas from which valuable products such as chemical precursors, hydrogen, electricity, heat and other industrial products may be derived. The company's process produces low levels of safe residues and requires a small operating footprint, making it suitable for deployment at enterprise and community level.
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Hardware & electrical equipment
The company, which holds its AGM today, wants to start a full commercial development project in 2019
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The UK technology group, which is pioneering hydrogen production from waste plastic and used tyres, said 98,800,000 new ordinary shares were placed by broker Turner Pope Investments
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Hardware & electrical equipment
PowerHouse Energy has developed a proprietary process technology called DMG that can use waste plastic to convert them into cost-efficient energy
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The AIM-listed waste-to-power company said its DMG System and the hydrogen-from-water process is well on its way to becoming a significant part of the hydrogen economy and the distributed electrical grid
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The AIM-listed firm said this is the first practical application of this leading-edge technology of taking waste plastic and converting it to clean electrical energy through PHE’s proprietary G3-UHt Distributed Modular Gasification process
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Powerhouse's DMG-CORE will use currently unrecyclable plastics and turn it into energy either for the operator or local distribution
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Nicholson, who joins PowerHouse from Cinch Projects, an independent project management company, has worked with a wide range of organisations
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“The results of the plastics testing have been very encouraging and allow us to feed valuable data into our rapidly advancing commercial process design,” said David Ryan, PowerHouse technical director.
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PowerHouse now holds its assets and intellectual property free and clear of any encumbrances
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The continued interest in its technology in part reflects the urgency of finding a solution for the worldwide problem of waste plastic pollution
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“We have achieved yet another exciting milestone for the company in identifying the site for our first commercial DMG installation," said Keith Allaun, the CEO of PowerHouse
The UK blue chip index closed up 46.44 points at 7,537
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Five sites in the UK have been identified for the initial DMG rollout, with final evaluation underway on two
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Keith Allaun, chief executive, said the verification was critical for talks with hydrogen road-fuel users.
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The Distributed Modular Gasification (DMG) trial ran uninterrupted for 36 hours using tyre crumb as its feedstock
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Its G3-UHt unit used a feedstock of tyre crumb as part of the extended trial at the Energy Centre of Thornton Science Park in Cheshire
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The news has triggered the release of £100,000 from a UK partner dedicated to the planning and permitting of the company's first commercial sites