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Powerhouse Energy Group PLC soars as development partner receives backing from Linde Engineering

Linde has been granted the exclusive right to supply HUI in HUI’s development of Powerhouse DMG technology

Powerhouse Energy Group PLC (AIM:PHE) announced its development partner Hydrogen Utopia International PLC (HUI) signed a framework agreement with Linde Engineering.  

Linde Engineering has been developing and optimising gas processing, separation and liquefaction technologies for 140 years.

Under the deal, Linde has been granted the exclusive right to supply HUI in HUI’s development of Powerhouse DMG technology particularly in Poland, Hungary and Greece where HUI holds exclusivity for promotion and marketing of DMG technology and potentially on the wider European Continent on a project by project basis.

The agreement runs for five years and permits Linde Engineering at its discretion to engage on any individual project, from equipment supply through to design and build, and subject to Chemical Thermal Conversion Chamber supply approval, to a full EPC [engineering, procurement and construction] in the areas of the European Economic Area on any HUI developed project.

Linde Engineering has finalised a technical feasibility evaluation to deploy the syngas clean-up and hydrogen extraction of Powerhouse DMG technology at a planned plant to be located in Konin, Poland. The project, if completed, is expected to contain ten DMG units in one geographical area, the AIM-listed waste-to-energy specialist said.

“We are delighted HUI is moving forward with seeking the commercialisation of DMG in Europe, having signed a framework agreement with Linde Engineering, at our roundtable event to mark the 26th UN Climate Change Conference of the Parties (COP26) in Glasgow. We look forward to HUI and Linde’s collaboration which would use Powerhouse technology to help accelerate Poland’s clean energy transition. HUI is championing our technology across Europe and potentially the world – helping provide a global solution to plastic waste,” said James Greenstreet, non-executive chairman of Powerhouse.

Read More: Powerhouse Energy Group PLC soars as development partner receives backing from Linde Engineering

2021-11-12 01:43:00

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