Endorsement from Japanese Ministry of Economy

RNS Number : 0774F

Powerhouse Energy Group PLC

10 July 2019

 

PowerHouse Energy Group plc

("PowerHouse" or the "Company")

10^th July 2019

Japan Ministry of Economy Trade and Industry strongly endorses DMG Technology

PowerHouse Energy Group plc (AIM: PHE), the UK technology company pioneering hydrogen production from waste plastic, is pleased to receive a letter of support from the Japanese Ministry of Economy Trade and Industry (METI).

The formal letter follows many months of engagement and review of the DMG Technology. The letter includes commendation from the Ministry that they consider the DMG as having many environmental advantages, and they view it as a major competitor within the low-cost production of hydrogen and incredible value to the promotion of energy transition and decarbonisation process around the world.

Powerhouse Energy looks forward to the future development of opportunities arising from this positive engagement in Japan, but notes there is no immediate commercial benefit from this letter of support.

For more information, contact:

PowerHouse Energy Group plc	Tel: [phone]
David Ryan, Chief Executive Officer
WH Ireland Limited (Nominated Adviser)	Tel: [phone]
James Joyce / Chris Savidge
Turner Pope Investments Ltd (Joint Broker)	Tel: [phone]
Ben Turner / James Pope
Ikon Associates(Media enquiries)	Tel: [phone]
Adrian Shaw	Mob: [phone]

About PowerHouse Energy Group plc

PowerHouse has developed a proprietary process technology - DMG® - 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. The PowerHouse technology is one of the world's first proven, modular, hydrogen from waste (HfW) process.

The PowerHouse DMG® process can generate in excess of 1 tonne of road-fuel quality H2, and more than 58MW/h of exportable electricity per day.

The PowerHouse process produces low levels of safe residues and requires a small operating footprint, making it suitable for deployment at enterprise and community level.

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.net

 

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