REG - Powerhouse Enrgy Grp - Progress report on Protos Energy Park

Powerhouse EnergyAnnouncement

10/11/2022 07:00

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RNS Number : 9019F  Powerhouse Energy Group PLC  10 November 2022

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ANNOUNCEMENT.

 

10(th) November 2022

 

Powerhouse Energy Group Plc

 (the "Company" or "PHE")

 

Progress report on Protos Plastics to Hydrogen development

 

Powerhouse Energy Group Plc (AIM: PHE), a company pioneering integrated
technology which converts non-recyclable waste into low carbon energy, is
pleased to report progress on the infrastructure for Plot 10b of the Protos
Energy Park. The plot will be the site for the proposed construction of the
first hydrogen production facility using end of life plastic that cannot be
recycled employing PHE's DMG® technology in the UK.

 

Under a construction contract placed by PHE's development partner, Peel NRE
Ltd (Peel) two important infrastructure items have been completed. Firstly,
the emergency access to the site has been completed and secondly, the service
ducting into the site has now also been installed.

 

The ultimate construction of the facility remains subject to numerous
engineering steps and raising the necessary finance for its construction.

 

 

Keith Riley, Interim Chairman and Acting Chief Executive Officer of PHE
commented:

 

"These two items form an important part of the infrastructure required to
enable the Protos Plastics to Hydrogen facility to proceed.  Emergency access
is required to facilitate the installation of the electrical substation, which
will both provide power to the site and allow it to be exported from the site
when the plant runs in generation mode. As well as emergency access and egress
into and out of the site, the newly completed access will also be used by the
electrical network provider to access and maintain their equipment.  The
service ducting will enable the cabling and other services to be run into the
site below the ground.

 

"We continue to work closely with Peel to progress the Protos Plastics to
Hydrogen project, with further developments anticipated in and around the site
shortly."

 

 

 

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

 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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