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Powerhouse Energy Group PLC Endorsement from Japanese Ministry of Economy

PowerHouse Energy Group plc (LON:PHE), the UK technology company pioneering hydrogen production from waste plastic, has today noted that they have received a letter of support from the Japanese Ministry of Economy Trade and Industry (METI).

The formal letter follows many months of engagement and review of the DMG Technology. The letter includes commendation from the Ministry that they consider the DMG as having many environmental advantages, and they view it as a major competitor within the low-cost production of hydrogen and incredible value to the promotion of energy transition and decarbonisation process around the world.

Powerhouse Energy looks forward to the future development of opportunities arising from this positive engagement in Japan, but notes there is no immediate commercial benefit from this letter of suppor

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