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New £130m deal for 11 waste plastic to hydrogen facilities

A new agreement to develop 11 facilities that will use plastic waste for hydrogen production in the UK has been signed.

The £130 million deal between Peel Environmental, Waste2Tricity and PowerHouse Energy follows the announcement of the proposed “first of its kind” facility in the UK to be built in Cheshire.

The facilities will use an advanced thermal treatment technology to produce hydrogen from unrecyclable plastics – the clean source can then be used to power buses and heavy goods vehicles before being rolled out to hydrogen cars.

Powerhouse Energy Group PLC (LON:PHE) has developed the innovative PHE DMG® System, their proprietary thermal conversion technology. DMG® technology provides a mechanism to dispose of a wide range of waste streams by using them as feedstock that can be converted to EcoSynthesis Gas.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.