leadf
logo-loader
viewPowerhouse Energy Group PLC
(
AIM:PHEFRA:BT81
)

Powerhouse Energy partner to build plastic recycling plant in Poland

Hydrogen Utopia International has raised £2.2mln to fund the build

Powerhouse Energy Group PLC -

Powerhouse Energy Group PLC (AIM:PHE, FRA:BT81) said its partner has raised £2.2mln to build a plastic recycling plant in Poland based on the company’s DMG technology.

Subject to the planning permissions, Hydrogen Utopia International (HUI), which has exclusive rights over the DMG system for Poland, Greece and Hungary, will site the new operation in the city of Konin.

Powerhouse chairman James Greenstreet said: “We congratulate HUI for their successful fundraise and progress in moving forward the commercialisation of DMG in Europe. We look forward to our technology accelerating Poland’s clean energy transition.”

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.

Quick facts: Powerhouse Energy Group PLC

Follow
AIM:PHE

Price: 4.295 GBX

Market Cap: £168.79 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...

FOR OUR FULL DISCLAIMER CLICK HERE

London's FTSE 100 starts the week on the front foot with the US closed for...

London's FTSE 100 started the week on the front foot with the US closed for Labor Day. London’s leading index added 32 points to 7,171 in early deals. Scottish Mortgage Trust (LON:SMT) topped the leader board early on after the tech-heavy Nasdaq closed Friday’s session in record territory...

3 weeks, 2 days ago

2 min read