PowerHouse Energy (PHE) received a formal invitation to engage in advanced commercial discussions over its proprietary DMG® technology.
Toyota Tsusho’s Chemical Business Development Division conducted an extensive review of the DMG technology and extended the invitation after it achieved the “Statement of Feasibility” by DNV-GL, a leading provider of technical assurance world-wide.
Toyota Tsusho positively reviewed the technology, considering that the applications offer significant potential in Japan and Asia.
Mr. Takashi Torigoe, General Manager, Chemical Business Development stated: "We have been reviewing Power House Energy's DMG technology over the last few months and take great interest in it. “
“We are excited and looking forward to a potential partnership in Japan and possibly world-wide."
Shares in PowerHouse Energy were up 18% to 0.61p following the announcement
The next steps are further technical and commercial application engineering for both the Waste2Tricity and Toyota Tusho Project teams, in order to secure regional early adopters.
Keith Allaun, CEO of PowerHouse commented: “Toyota is taking a leading role globally in the use of hydrogen in transport and appears to recognize the value proposition that our distributed sys-tem has with it’s small foot-print, its efficiency, and its ability to deliver road-quality hydrogen, at a competitive price, as and when its needed.”
The PowerHouse Energy Group’s DMG® Waste-to-Energy technology can convert 25 tonnes per day of feedstock comprising high calorific value waste materials.
The statement of feasibility confirmed “the DMG® technology allows for integrating a process for the co-production of high purity hydrogen (1 tonne per day) from a proportion of the syngas in ad-dition to generating power.”
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