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23 January 2023
Powerhouse Energy Group Plc
(the "Company" or "PHE")
Update on Konin facility, Poland
Powerhouse Energy Group Plc (AIM: PHE), a company pioneering integrated technology that converts non-recyclable waste into low carbon energy, is pleased to announce progress with its joint venture partner for a plastics to hydrogen facility in Konin, Poland. Hydrogen Utopia International Plc (LON: HUI), has through its wholly owned subsidiary, Hydropolis United sp z.o.o., signed a Letter of Intent with the City of Walbrzych, to commence preparation of the necessary technical, environmental and legal documentation to facilitate the planning and permitting of an HUI facility in the municipality of Walbrzych for the processing of mixed waste plastic.
PHE is assisting HUI in its discussions with MZUK sp. Z.o.o., the municipal waste service provider to the City of Walbrzych, to define and specify the facility to be developed.
Keith Riley, Acting Chief Executive Officer of PHE, commented:
"Defining and specifying the system to be developed to suit the intended feedstock is an important initial step in the project development. PHE will be helping HUI to determine the process engineering required, following which the design of the facility can be established.
"We look forward to updating as the project progresses."
For more information, contact:
| Powerhouse Energy Group plc Keith Riley
|
|
| WH Ireland Limited (Nominated Adviser) James Joyce James Bavister Enzo Aliaj
| +44 (0) 207 220 1666 |
| Turner Pope Investments (TPI) Ltd (Joint Broker) Andrew Thacker James Pope
| +44 (0) 203 657 0050 |
| Tavistock (Financial PR) Simon Hudson Nick Elwes Heather Armstrong |
|
About Powerhouse Energy Group plc
Powerhouse Energy has developed a process technology which can utilise waste plastic, end-of-life-tyres, and other waste streams to convert them efficiently and economically into syngas from which valuable products such as chemical precursors, hydrogen, electricity, heat and other industrial products may be derived.
Powerhouse Energy's process produces low levels of safe residues and requires a small operating footprint, making it suitable for deployment at enterprise and community level.
Powerhouse Energy 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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