Energy News Today

Powerhouse Energy Group PLC to team up with Hydrogen Utopia in Poland

“Powerhouse look forward to working with HUI on the potential use of our DMG technology being rolled out in Poland”

() has inked a non-binding heads of terms agreement with Hydrogen Utopia International (HUI) for a potential licensing deal in Poland.

The preliminary agreement envisages Powerhouse granting HUI an exclusive non-transferable licence for the application of its DMG technology, which produces hydrogen from the processing of waste plastics.

READ: Powerhouse boosted as Protos project advances

HUI has paid a €100,000 deposit in connection with the agreement.

“We are delighted to have signed heads of terms with HUI,” said Tim Yeo, Powerhouse chairman in a statement. “Powerhouse look forward to working with HUI on the potential use of our DMG technology being rolled out in Poland.”

HUI founder Aleksandra Binkowska added: “At HUI we believe that the DMG System is the one that will help save the world from unrecyclable plastic and we are thrilled that Poland will lead the way in creating low-cost hydrogen and we hope that other countries will take our lead.”

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 Powerhouse Energy Group PLC named herein, including the promotion by the Company of Powerhouse Energy Group PLC in any Content on the Site, the…

FOR OUR FULL DISCLAIMER CLICK HERE

Read More: Powerhouse Energy Group PLC to team up with Hydrogen Utopia in Poland

2020-11-12 01:52:00

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy
%d bloggers like this: