– UK, Bingley – Powerhouse Energy Group plc (LON: PHE), the UK technology company commercialising hydrogen production from waste plastic, today announced the appointment of Tim Yeo to its Board of Directors as a non-executive director effective immediately.
“On behalf of the Directors I would like to warmly welcome Tim to the Board at a transformational moment for Powerhouse Energy. Tim’s background and experience is strongly aligned with our strategic vision and will undoubtedly be of real value as we see our DMG technology become a first of a kind commercial reality at Protos in Cheshire followed by its broad roll out across the UK and into potential waste plastic to energy markets internationally,” said Board Chairman, Cameron Davies.
About Tim Yeo
Mr Yeo has wide experience in government, serving in the Environment and Health Departments, and subsequently as Shadow Secretary of State for Trade and Industry in the Shadow Cabinet. He is currently the chairman of the New Nuclear Watch Institute, Honorary Ambassador of Foreign Investment Promotion for South Korea and since 2007 has been a non-executive director of Getlink SE, operator of the Channel Tunnel whose market capitalisation on the Paris Bourse exceeds £6 billion.
Tim Yeo commented: “I am delighted to join the board as this exciting new era in Powerhouse’s history begins. Our technology is capable of both producing affordable clean hydrogen and addressing the global problem of plastic waste. It will thereby deliver two important environmental benefits simultaneously. I look forward to working with my new Powerhouse colleagues, and with our partners Peel Environmental, to bring this technology successfully to commercialisation.”
About Powerhouse Energy Group plc
Powerhouse has developed a proprietary process technology – DMG – which can utilise waste, unrecyclable plastic, end-of-life-tyres, and other waste streams to efficiently and economically convert them into syngas from which valuable products such as hydrogen, chemical precursors, electricity and other industrial products may be derived. The Powerhouse technology is one of the world’s first proven, modular, hydrogen from waste process.
The Powerhouse DMG process can generate up to 2 tonnes of road-fuel quality H2, and more than 58MWh of exportable electricity per day.
The Powerhouse process produces low levels of safe residues and requires a small operating footprint, making it suitable for deployment at the enterprise and community level.
Powerhouse is quoted on the London Stock Exchange’s AIM Market under the ticker: PHE, and is incorporated in the United Kingdom.
For more information: https://www.powerhouseenergy.net
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