PowerHouse Energy Group (PHE ) announced to investors that its partner, Peel L&P, is to develop a second site in the UK using PowerHouse’s waste plastic to hydrogen technology.
The UK technology company said the 13,500 tonne facility, which is intended for creation at the Rothesay Dock on the north bank of the River Clyde, West Dunbartonshire, will be the second in the UK to use the DMG® technology developed by Powerhouse Energy Group.
The company stated that the creation of a second site follows previous plans outlined for a similar facility at Peel NRE's Protos site in Cheshire which were approved back in 2019.
It added that decisions about the financing of this second plant will be made after land use planning consent has been obtained which will be closer to the start date for construction.
Tim Yeo, Executive Chairman of Powerhouse, said deploying Powerhouse technology in Scotland will help the region improve air quality and provide a solution to end-of-life plastic.
“This new facility will play an important role in supporting the objective of both Holyrood and Westminster to make hydrogen a key element of Scotland's decarbonisation strategy.
We welcome plans to co-locate a re-fuelling station at the site which will help increase uptake of hydrogen fuel in the region and add to Scotland's growing hydrogen economy.”
All eyes are on Scotland ahead of the important COP26 meeting in Glasgow later this year, so we are delighted our pioneering, clean energy technology will help put Scotland on the path to net zero,” he added.
Shares in PowerHouse Energy Group have increased by nearly 20% since the beginning of 2021. The stock was trading 7.63% higher this morning at 6.35p following the news.
"Plastic is often demonised, but we have seen how essential it is in industries like healthcare. We do need to recycle as much of this plastic as possible and also get as much value from unrecyclable, end-of-life plastic,” said Richard Barker, Director at Peel NRE, part of Peel L&P.
He added, “This facility will convert plastic into hydrogen, a clean fuel that produces no emissions at the point of use, helping to improve local air quality. By co-locating a refuelling station, we can help to kick start the infrastructure needed to support the rollout of hydrogen vehicles which will be an important part of our journey to net zero."
In March, Powerhouse said it had identified 77 sites across the UK as potential facilities which will utilise its waste-to-energy DMG technology. It said the development of its UK pipeline will form the springboard for the international expansion of its business model.
The company intends to examine market conditions in other east and Central European countries later this year and to seek partners in other geographies to work with, adopting a similar business model to that envisaged with Peel NRE in Britain as well as HUI in Poland.
Powerhouse’s current priority is to ensure that the Protos facility, which will be the first hydrogen facility using its technology, is commissioned and operational by the end of 1Q22.
Tim Yeo, Executive Chairman of PHE said, “This is an exciting year for Powerhouse Energy as we focus on the Protos build and aim to see good progress of our technology in Poland."
He said, “As we look ahead to the all-important United Nation's Climate Change Conference of the Parties (COP26) in Glasgow later this year, we hope Powerhouse technology can be championed as a part of the solution to the world's environmental challenges.”
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