– UK, Bingley – Powerhouse Energy Group plc (LON: PHE) is the UK headquartered technology company commercializing hydrogen production from non-recyclable plastic waste, today announced the appointment of Russell Ward as Non-Executive Chairman, with immediate effect, succeeding James Greenstreet who stepped down today from his role as Non-Executive Chairman but will continue as a Non-Executive Director until 30 June 2022.
Russell Ward was appointed as a Non-Executive Director on 4 February 2022.
Paul Drennan-Durose, CEO, said, “I can announce that Russell Ward has been selected and appointed as Non-Executive Chairman, with immediate effect. I have worked closely with Russell previously. I am therefore pleased he joined the board, and subsequently, has agreed to quickly take the role as Non-Executive Chairman. His corporate, board, and operational experience in industry will be of value and relevance to the Company, and to shareholders.”
About Powerhouse Energy Group plc
Powerhouse has developed a proprietary process technology – DMG – which can utilize waste plastic, end-of-life-tires, 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.
Powerhouse’s process produces low levels of safe residues and requires a small operating footprint, making it suitable for deployment at the enterprise and community levels. 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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