PowerHouse Energy Group
plc
(“PowerHouse”, or the
“Company”)
MOU with Peel
Environmental
PowerHouse is pleased to announce that it has signed a
Memorandum of Understanding (“MOU”) with Peel Environmental Ltd
(“Peel Environmental”) and its subsidiary This is Protos LLP
(‘Protos’) to work together to pursue the development, construction
and operation of an energy from waste plant at Peel Environmental’s
Protos facility near Chester, UK.
This MOU was brokered by Waste2Tricity Ltd (“Waste2Tricity”)
in conjunction with the joint development agreement between
PowerHouse and Waste2Tricity announced on 18
January 2017.
The MOU, covering a collaboration period until 1 May 2018, sets out the basis on which
PowerHouse and Peel Environmental will work together. The
joint project envisages the construction of PowerHouse’s first
commercial enterprise, utilising the Company’s G3-UHt system, at
the Protos site together with a proposed plan for the delivery of
five energy from waste plants. There is no certainty that the
MOU will proceed to definitive agreements between the parties.
Commenting Keith Allaun,
Executive Chairman of PowerHouse, said: “Peel Environmental is
a national leader in helping create solutions to the UK’s waste
challenges. With multiple waste management sites located
across the UK, Peel has the experience to see projects from
green-field through to completion. Their vision for Protos;
creating a robust energy-from-waste and alternative energy
ecosystem in a single, large, and fully integrated facility makes
them an ideal partner for a company like ours.
Commenting Myles Kitcher,
Managing Director of Peel Environmental, said: "Peel
Environmental is extremely enthusiastic about supporting PowerHouse
and adding it to the growing energy park at our Protos
facility.
For more information, contact:
PowerHouse Energy Group plc
Keith Allaun, Executive Chairman |
Tel: +44 (0) 203 368 6399 |
WH Ireland Limited (Nominated Adviser)
James Joyce / James Bavister |
Tel: +44 (0) 207 220 1666 |
Vicarage Capital Limited (Broker)
Jeremy Woodgate |
Tel: +44 (0) 203 651 2910 |
IFC Advisory (Financial PR & IR)
Tim Metcalfe / Graham Herring / Heather Armstrong / Miles
Nolan |
Tel: +44 (0) 203 053 8671 |
|
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Notes to Editors
About PowerHouse
PowerHouse is the holding company of the G3-UHt System Ultra
High Temperature Gasification waste to energy systems.
The Company is focussed on technologies to enable energy
recovery from municipal 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, high-quality hydrogen, or potentially
reformed into liquid fuels for transportation. These waste to
energy systems aim to provide the “best solution” to the
on-site energy market.
PowerHouse is quoted on the London Stock Exchange's AIM Market.
The Company is incorporated in the United
Kingdom.
About Protos
Protos is being developed by Peel Environmental, a subsidiary of
the Peel Group, one of Britain’s leading infrastructure, transport
and real estate companies.
At the core of Protos is the 51ha (126 acre) development site,
which has outline and detailed planning consent for industrial uses
including an Energy from Waste facility, a biomass facility and
environmental technologies including resource recovery. This also
encompasses B1, B2 and B8 uses.
Creating a cluster of complementary businesses at Protos can
provide increased access to energy; skills; support and resources;
and a co-located supply chain.
Peel see Protos being transformational for the region’s
employment market, with the ability to create some 3,000 jobs.
They are bringing forward Protos in collaboration with the
University of Chester, who’s
neighbouring Thornton Science Park offers direct access to a
highly-skilled and futureproof workforce, as well as
state-of-the-art facilities.