PowerHouse Energy Group (PHE) has seen a boost to its share price following last night’s premiere of BBC’s “War on Plastic with Hugo and Anita”.
The first episode of three-part series featured celebrity chef Hugh Fearnley-Whittingstall discussing the vast amount of plastic waste that, rather than getting recycled, ends up in a landfill in Malaysia.
In an RNS this morning, Powerhouse did not waste the opportunity to remind the public, and investors, that its DMG technology can “convert plastic waste into hydrogen and clean electricity and so eradicate any need for such waste to be shipped from the UK to Malaysia, or anywhere else.” Shares went up over 6% in early morning trading.
The company argued that DMG plants should be placed in waste management sites around the UK, as well as hydrogen-fuelling stations that could power super-green, hydrogen-powered buses for the local community.
Since DMG technology uses plastic waste to generate electricity, PowerHouse says a local plant can convert 25 tonnes of plastic waste into around 58 MWh of electrical power, the company also believes it could help connect those communities that currently do not have access (or reliable access) to the power grid.
The appeal is excellently timed, and quite compelling, especially as local councils featured in “War on Plastics” scramble to reinvigorate their waste management after finding out that their recyclable plastics ended up in Malaysia.
PowerHouse Energy’s CEO David Ryan commented, “We relish the opportunity to show just what can be achieved with our DMG® energy recovery process to address the plastic waste crisis. It is the responsible thing to do alongside other commendable initiatives being deployed.
The scope of our DMG® technology is truly global and with the support we are seeking from governments and commercial partners across the world it is ideally placed to make a significant impact in helping win the war on plastic."
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