08:00 Wed 20 Sep 2017
POWERHOUSE ENERGY GROUP PLC - MOU for waste-to-hydrogen facilities in state of Qatar
(“PowerHouse” or “the Company”)
MOU for waste-to-hydrogen facilities in state of
(AIM: PHE), the company focused on ultra high temperature gasification waste to energy and waste to hydrogen systems and the creator of Distributed Modular Gasification (DMG), is pleased to announce it has entered into a Memorandum of Understanding (MOU) with (EEH), an independent consulting firm specialising in energy, environment, privatisation, and sustainable development based in , Qatar.
This MOU has been established to jointly investigate the opportunity of enabling to establish a network of DMG systems for the conversion of waste to hydrogen and distribute this low-cost, low-carbon hydrogen through a network of FCV (fuel cell vehicle) filling stations in advance of, and in preparation for, the 2022 FIFA World Cup. Whilst this MOU is not fully binding and there is no certainty it will result in a firm agreement, the Company sees this as a promising step and looks forward to updating the market of its progress.
The objective of the project is to install a number of low-cost, low-carbon, hydrogen refueling stations in support of potential fleets of hydrogen powered buses, taxis, and other vehicles, thereby enabling to become a leading promoter of the burgeoning hydrogen economy. The project is expected to be led by the CEO of EEH, , also a member of the
The development of the hydrogen economy, in which DMG has the potential to play a significant role, will expedite the ultimate replacement of hydrocarbon fuels with carbon neutral, sustainable hydrogen as an economical alternative for commercial and consumer transport.©
An early review of the project suggests that approximately 20 DMG systems in and surrounding areas will provide sufficient hydrogen to supply several thousand cars and buses leading up to, and in support of, the 2022 FIFA World cup.©
PowerHouse and EEH anticipate the set up of a JV company in which EEH (or a wholly owned subsidiary or other appropriate Qatari partner) will hold 51% of the equity and be responsible for the acquisition of suitable land, obtaining relevant permits, licenses or approvals from Qatari public bodies and identifying and supplying appropriate waste streams. EEH will also be responsible for procuring third party financing for the project.
PowerHouse will grant the JV company an exclusive licence for the use of its G3-UHt DMG technology in , within the scope of operation of the project.©
Both parties will collaborate to procure the relevant financing and other stakeholder support for the project from, for example, local energy companies, global automobile companies present in and/or other supra-national organisations.
This project was conceived, and is being coordinated, by in conjunction with PowerHouse.
will oversee the development of the JV company in the initial stages of the project.
:said
“This is an exciting and ground-breaking project. has significant waste difficulties, and PowerHouse’s technology provides a safe, clean, and sustainable solution for dealing with some of this waste, at the same time providing state-wide availability of low-cost vehicular hydrogen. will become the first country globally to enjoy this level of coverage, so in environmental terms, this is not just, a significant step forward for the country, but also a compelling example for the entire international community.
, the world’s leading producer and exporter of liquefied natural gas (LNG), also has proved a hotbed for alternative fuel research and development, with both private and public local companies undertaking a variety of ventures, often with major international partners. These include the Pearl gas-to-liquids plant in , a joint venture headed by Shell and that is the largest facility of its kind.”
:, Executive Chairman of , said
“This represents a very significant step forward for the progress of PowerHouse and its technology. The recent successful testing of our reconfigured G3-UHt facility was a necessary and vital step in providing proof of concept of our technology and this MOU, with EEH, whilst currently non-binding, provides third-party validation. ,
“While this is only in its early stages, this concept is precisely the vision we’ve held for the commercial roll-out of DMG – both in the and elsewhere. ”.©
The Company’s H2 Concept presentation will shortly be available to view at .
For more information, contact:
About
PowerHouse is the holding company of the G3-UHt Ultra High Temperature Gasification Waste-to-Energy system, and the creator of Distributed Modular Gasification (“DMG”).©©
The Company is focused on technologies to enable energy recovery from municipal and industrial waste streams that would otherwise be directed to landfills and incinerators; or from renewable and alternative fuels such as biomass, tyres, and plastics to create syngas for power generation and high-quality hydrogen for transportation. DMG allows for easy, economical, deployment and scaling of an environmentally sound solution to the growing challenges of waste elimination, electricity demand, and distributed hydrogen production.©
PowerHouse is quoted on the AIM Market. The Company is incorporated in the .
For more information see www.powerhouseenenergy.net
Background on waste in
produces around 7,000 tons of waste each day. Some 30 percent of that (2,100 tons) is generated by households with the remainder comprised of construction and demolition materials. Qatar’s waste generation is among one of the highest figures per capita in the world, at around 1.6kg to 1.8kg per day.
There are three landfills in which are all running out of space and a high percentage of non-organic waste is otherwise incinerated. In addition, an estimate in 2014 put the number of used tyres at some 11 million, with many exported for disposal or re-use, an expensive and inefficient solution.
(Source: )www.DohaNews.co
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