Powerhouse Energy Group PLC SWECO to support Powerhouse technology in Poland
June 11 2021 - 2:00AM
RNS Non-Regulatory
TIDMPHE
Powerhouse Energy Group PLC
11 June 2021
11th June 2021
Powerhouse Energy Group plc
("Powerhouse" or the "Company")
SWECO engineering consultancy to support Powerhouse technology
in Poland
Powerhouse Energy Group plc (AIM: PHE), the UK technology
company commercialising hydrogen production from waste plastic, is
pleased to announce the engineering consultancy, SWECO, has been
appointed to prepare concept design and an Environmental Impact
Assessment report for the waste-to-hydrogen project in Konin,
Poland.
Hydrogen Utopia International Ltd., through its Polish
subsidiary Hydropolis United sp. z o.o, signed an agreement with
SWECO on June 9th 2021.
This appointment follows the non-binding Heads of Terms which
Powerhouse Energy Group plc (AIM: PHE), signed with HUI in November
last year for the application of its technology in Poland.
Tim Yeo, Executive Chairman of Powerhouse Energy said : "We are
delighted SWECO has been appointed to help rollout Powerhouse
Energy technology in the city of Konin, Poland. The rollout in
Europe of Powerhouse Energy technology is underway and it will soon
be helping Poland on their clean energy transition, helping it meet
its net zero targets".
Dariusz Czerniak, SWECO, Director, Energy Department said : "It
is our privilege to work closely with Hydrogen Utopia International
on the PHE DMG(R) system, as it is a novel, 4.0. technology. We
believe that the DMG(R) solution can tackle the global growing
plastic waste problem. The DMG(R) system will also enhance the
transition of the hydrogen economy and we are proud to be a part of
this exciting future for Poland".
Aleksandra Binkowska, CEO of Hydrogen Utopia International said:
"The DMG(R) system is a global revolution and it is reassuring to
have SWECO on my side to build the first one in Poland. I am sure
that this is just the beginning of a long-standing and prosperous
alliance between the two Companies. The ultimate goal is to build
at least ten systems in Konin in order to create the first Polish
Centre of Hydrogen. It was my vision and it is a privilege to turn
this vision into reality together with SWECO".
Earlier this year Powerhouse Energy Group plc (AIM: PHE), also
agreed to sign non-binding Heads of Terms with Hydrogen Utopia
International ("HUI") with a view to granting an exclusive
non-transferable licence for the application of its DMG(R)
technology in Greece and Hungary.
-ENDS-
For more information, contact:
Powerhouse Energy Group plc Tel: +44 (0) 203 368
6399
T im Yeo, Executive Chairman
WH Ireland Limited (Nominated Tel: +44 (0) 207 220
Adviser) 1666
James Joyce/ Lydia Zychowska
Turner Pope Investments (TPI) Tel: +44 (0) 203 657
Ltd (Joint Broker) 0050
Andrew Thacker
SisterSmith PR (media enquiries)
Becca Smith Mob: + 44 (0) 7766522305
Notes to Editors:
About Powerhouse Energy Group plc
Powerhouse has developed a proprietary process technology -
DMG(R) - 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(R) process can generate up to 2 tonnes of
road-fuel quality hydrogen 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, Powerhouse will receive an annual license fee of
GBP500,000 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.co.uk
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