– UK, Bingley – Powerhouse Energy Group plc (LON: PHE), the UK technology company commercializing hydrogen production from plastic, today announced the appointment of non-executive director James Greenstreet as Board Chairman, replacing Tim Yeo who stepped down as Executive Chairman for personal reasons with immediate effect. The recruitment of a new CEO is in progress.
James has been a non-executive director of Powerhouse since 2011 and is a founder of aircraft lessor, Falko Regional Aircraft. He also sits on the board of regional airline, CityJet DAC and Electric Aviation Group Ltd an early-stage company developing hydrogen-electric commercial aircraft.
James Greenstreet said “On behalf of the whole board and our shareholders I thank Tim warmly for his tireless work for Powerhouse over the last fourteen months. Under his chairmanship, the Company has made considerable progress and the foundations of a truly sustainable and prosperous future have been laid. We are very pleased he will act as a consultant to Powerhouse.”
About Powerhouse Energy Group plc
Powerhouse has developed a proprietary process technology – DMG® – which can utilise waste plastic, end-of-life-tyres, and other waste streams to efficiently and economically convert them into syngas from which valuable products such as chemical precursors, hydrogen, electricity and other industrial products may be derived. Powerhouse’s technology is one of the world’s first proven, distributed, modular, hydrogen from waste process.
The Powerhouse DMG process can generate up to 2 tonnes of road-fuel quality hydrogen and more than 58MWh of exportable electricity per day.
Powerhouse’s process produces low levels of safe residues and requires a small operating footprint, making it suitable for deployment at enterprise and community level. As announced on 11th February 2020 under its Supplemental Agreement with Peel Environmental, Powerhouse will receive an annual license fee of £500,000 in respect of each project which is commissioned.
For more information: https://www.powerhouseenergy.co.uk/
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