Powerhouse Energy Group (PHE)

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Investment Firms

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 1.10p
   
  • Change Today:
      0.000p
  • 52 Week High: 2.00p
  • 52 Week Low: 0.25p
  • Currency: UK Pounds
  • Shares Issued: 4,196.65m
  • Volume: 4,859,479
  • Market Cap: £46.16m

PowerHouse plastic-to-power testing declared a success

By Josh White

Date: Tuesday 06 Sep 2016

LONDON (ShareCast) - (ShareCast News) - PowerHouse Energy Group announced on Tuesday the completion of its system-wide testing program for the G3-UHt unit in Brisbane, Australia.
The AIM-traded firm's ultra-high temperature gasification reactor testing program has utilized feedstock which has included both shredded plastic and tyre crumble, and has successfully cycled the system repeatedly.

It said the nominal 1-3 tonne per day G3 unit has continued to operate as designed; gasifying the feedstock at temperatures above 1100 degrees Centigrade, generating synthesis gas (syngas), and cleaning and cooling the syngas, which can then be used for electrical generation or other fuel creation.

"This is a significant milestone for the Company, " said Keith Allaun, executive chairman of PowerHouse.

"We've been stress-testing all components of the G3, in a discrete and focused manner, over the past several months.

"Based upon our most recent operation of the complete system, we've reached the point that we can declare the successful conclusion of our formal testing program."

Concurrent with the testing of the G3, the company has completed the initial design and engineering plans of 100 TPD gasification modules, allowing for the easy bundling of the modules into 400 TPD systems.

Designed to operate in-line with each other, expansion of the systems is a linear step-function that enables the PowerHouse technology to be rolled-out into existing commercial transfer station and landfill operations.

"The rigorous process that the team has just completed, coupled with the engineering data that has been captured, has put us in a position to begin progressing commercial discussions with a number of parties over the next several months," stated Allaun.

The new G3 system will be permanently housed in a transportable container for shipment to sites throughout the world for on-site operation, demonstration, and data collection purposes.

Once installed into its in-situ operational container, and prior to shipment to prospective sites, additional third-party engineering validation will occur, and other feedstocks will be tested.

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PHE Market Data

Currency UK Pounds
Share Price 1.10p
Change Today 0.000p
% Change 0.00 %
52 Week High 2.00p
52 Week Low 0.25p
Volume 4,859,479
Shares Issued 4,196.65m
Market Cap £46.16m

PHE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
49.14% below the market average49.14% below the market average49.14% below the market average49.14% below the market average49.14% below the market average
67.38% below the sector average67.38% below the sector average67.38% below the sector average67.38% below the sector average67.38% below the sector average
Price Trend
55.30% above the market average55.30% above the market average55.30% above the market average55.30% above the market average55.30% above the market average
49.22% above the sector average49.22% above the sector average49.22% above the sector average49.22% above the sector average49.22% above the sector average
Income Not Available
Growth
29.65% below the market average29.65% below the market average29.65% below the market average29.65% below the market average29.65% below the market average
28.62% below the sector average28.62% below the sector average28.62% below the sector average28.62% below the sector average28.62% below the sector average

PHE Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
16:23 123,207 @ 1.13p
15:16 121,326 @ 1.03p
14:20 26,000 @ 1.09p
14:17 1,090,153 @ 1.10p
14:10 43,774 @ 1.03p

PHE Key Personnel

CEO Paul Emmitt
CFO Ben Scott Brier

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