PowerHouse Energy Group plc (LON: PHE), the UK technology company pioneering hydrogen production from waste plastic and used tyres and developer of the DMG® System continues to seek additional commercialisation opportunities for its technology.
In conjunction with its Project Development Partner, Waste2Tricity, Ltd(“Waste2Tricity”) , PHE has met with 2 substantial waste suppliers to advance negotiations, supply detailed technical information, discuss detailed operational matters, and explore realistic deployment opportunities interfacing with existing installations. Both negotiations have the possibility to lead to multiple DMG® System deployments, however at this stage there is no assurance that either of these, or any other, negotiations that Waste2Tricity are engaged in on behalf of PHE will come to fruition.
PHE has also engaged with, and have provided significant technical detail to, a major UK-based, multi-national EPC (engineering, procurement, and construction) company to support Waste2Tricity’s negotiations on behalf of both itself, and PHE, to obtain a system “wrap” and guarantee on the first deployment of the DMG® System and that these negotiations are ongoing. However, as previously stated, these, and other negotiations, may not result in reaching a satisfactory commercial agreement.
Per our joint-development agreement of January 2017, PowerHouse Energy Group continues to support Waste2Tricity’s efforts in building a pipeline of commercially viable potential projects.
PowerHouse yesterday announced the successful receipt of the “Statement of Feasibility” from DNV-GL under the RP-A203 Technical Assessment protocol.
