RCS - Powerhouse Enrgy Grp - Update on Konin facility, Poland

Powerhouse EnergyAnnouncement

23/01/2023 12:30

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RNS Number : 5776N  Powerhouse Energy Group PLC  23 January 2023

 

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23 January 2023

 

Powerhouse Energy Group Plc

 (the "Company" or "PHE")

 

 Update on Konin facility, Poland

 

Powerhouse Energy Group Plc (AIM: PHE), a company pioneering integrated
technology that converts non-recyclable waste into low carbon energy, is
pleased to announce progress with its joint venture partner for a plastics to
hydrogen facility in Konin, Poland. Hydrogen Utopia International Plc (LON:
HUI), has through its wholly owned subsidiary, Hydropolis United sp z.o.o.,
signed a Letter of Intent with the City of Walbrzych, to commence preparation
of the necessary technical, environmental and legal documentation to
facilitate the planning and permitting of an HUI facility in the municipality
of Walbrzych for the processing of mixed waste plastic.

 

PHE is assisting HUI in its discussions with MZUK sp. Z.o.o., the municipal
waste service provider to the City of Walbrzych, to define and specify the
facility to be developed.

 

Keith Riley, Acting Chief Executive Officer of PHE, commented:

 

"Defining and specifying the system to be developed to suit the intended
feedstock is an important initial step in the project development. PHE will be
helping HUI to determine the process engineering required, following which the
design of the facility can be established.

 

"We look forward to updating as the project progresses."

 

For more information, contact:

 

 Powerhouse Energy Group plc                       powerhouse@tavistock.co.uk (mailto:powerhouse@tavistock.co.uk)

 Keith Riley

 WH Ireland Limited (Nominated Adviser)            +44 (0) 207 220 1666

 James Joyce

 James Bavister

 Enzo Aliaj

 Turner Pope Investments (TPI) Ltd (Joint Broker)  +44 (0) 203 657 0050

 Andrew Thacker

 James Pope

 Tavistock (Financial PR)                          powerhouse@tavistock.co.uk (mailto:powerhouse@tavistock.co.uk)

 Simon Hudson

 Nick Elwes

 Heather Armstrong

 

 

About Powerhouse Energy Group plc

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.

 

Powerhouse Energy's process produces low levels of safe residues and requires
a small operating footprint, making it suitable for deployment at enterprise
and community level.

 

Powerhouse Energy 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.co.uk
(http://www.powerhouseenergy.co.uk)

 

 

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