![]() Powerhouse said it is currently assisting Peel with the appointment of an engineering, procurement and construction management contractor and has recently appointed a project specialist, Ian Crockford, to run the SPV once contracts are implemented. A £1.1mln pre-tax loss was recorded.Īfter cash levels were topped up by a £10mln placing in January, a £3.8m loan facility was provided to the Protos special purpose vehicle in May to develop the plant, with £1.15mln having so far been advanced. Powerhouse company reported revenues of £373,306 for the first half of 2021, up from £100,000 a year ago, mostly derived from engineering services for the application of the DMG technology at the Protos site. Powerhouse said it is in the final stages of appointing a new chief executive officer and expects to announce the appointment shortly. The DMG technology, which can transform plastics and waste into hydrogen, is being installed at the Protos Energy Park in Ellesmere Port, Cheshire in conjunction with project partner Peel Environmental. Powerhouse Energy Group PLC ( AIM:PHE, FRA:BT81) had almost £11mln in the bank at the half year stage as it continues to make progress building the first commercial plant using its DMG technology.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |