PowerHouse Energy Group PLC (LON:PHE) has said press reports relating to the rejection by Cheshire West and Chester Council of certain planning permission applications University of Chester’s Thornton Science Park are “inaccurate”.
In a statement, the AIM-listed technology company - which is pioneering hydrogen production from waste plastic and end-of-life tyres - stated that the articles saying the Science Park will be required to be dismantled or closed down do not represent the facts of the situation.
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The group said it has received written confirmation from the chief executive of Thornton Science Park setting out the facts and reassuring the company that the recent decision by the council at a planning committee hearing does not relate to the facilities associated with PowerHouse’s Research and Demonstration Unit.
Consequently, it added, there is no threat to the operation of the Energy Centre at Thornton Science Park and no foreseeable disruption to PowerHouse’s operations at the site.
The company said it will continue to actively engage in its extensive test engineering of native and mixed plastic feedstock in support of the commercial design effort currently underway.
It added; “The Council decision has no impact on our operation or efforts, nor will it effect the siting of our process demonstrator. PowerHouse and the University of Chester Energy Centre will continue to work successfully together unaffected by this unrelated decision.”
Keith Allaun, PowerHouse’s CEO said: “The University intended for there to be tremendous synergy between itself and the tenants of the Energy Centre."
He added: “Our engineering operations continue unabated as we move to completion of our commercial design on a daily basis – supported by the empirical data we continue to accumulate though our testing regime – which will continue for the foreseeable future at the Energy Centre.”
In late afternoon trading, Powerhouse shares were 7.8% higher at 0.48p.