Powerhouse Energy Group PLC (AIM:PHE, FRA:BT81) has clarified speculation around a tie-up that could potentially see its DMG waste plastic recycling technology deployed by industrial gases giant Linde.
PHE in a release Monday said Hydrogen Utopia International (HUI), which is a DMG licensee, had been working with the German group – most recently on a technical feasibility evaluation to deploy the syngas clean-up and hydrogen extraction of DMG.
“HUI and Linde are in discussions to enter into an agreement to develop a plant in Konin, Poland, which would use Powerhouse’s technology,” Powerhouse explained in a short statement to the market.
“There can be no guarantee such an agreement would be finalised and any agreement regarding building a facility would be subject to material conditions including financing, permitting and planning permission.
“Powerhouse will update the market with any further developments at the appropriate time.”
DMG is a form of advanced thermal conversion technology that takes unrecyclable plastics and recovers syngas that can be used in a similar way to natural gas.