Source - Alliance News

Powerhouse Energy Group PLC - Bingley, England-based hydrogen-from-waste-plastic producer - Enters framework services agreement with Petrofac Facilities Management Ltd, a subsidiary of Petrofac Ltd, for engineering design and supply chain development services. Will work on PHE’s pipeline of projects, including the Plastics to Hydrogen project at Protos.

Powerhouse didn’t supply financial details for the agreement.

Powerhouse Chair Tony Gardner-Hillman says: ‘PHE will be working with Petrofac to complete the design engineering of PHE’s projects. Petrofac is a renowned operator with extensive expertise in the energy space, and we look forward to a long and successful relationship.’

Current stock price: 1.25 pence, up 16% in London on Wednesday afternoon

12-month change: down 60%

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Powerhouse Energy Group PLC (PHE)

-0.03p (-3.23%)
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Petrofac Limited (PFC)

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