By Iain Gilbert
Date: Wednesday 22 Nov 2017
LONDON (ShareCast) - (ShareCast News) - Waste-to-hydrogen production firm PowerHouse Energy has completed the pre-front-end engineering and design (pre-FEED) stage of its distributed modular gasification (DMG) system, marking the first major milestone in the design of the product.
PowerHouse said the pre-FEED engineering, completed in conjunction with British firm Engsolve, had "validated" the company's DMG technology and its ability to produce commercial quantities of high-grade synthesis gas (syngas) for use as a fuel.
The group was set to begin the basic engineering and front-end design and engineering (FEED) programmes and would be finalising vendors for various components of the DMG system.
PowerHouse claimed DMG was a compact and scalable system with the potential to recover as much as 97% of energy in multiple waste sources, such as used tyres, plastics, and other industrial and municipal wastes, with negligible greenhouse gas emissions.
Keith Allaun, chief executive of Powerhouse Energy, said, "The completed pre-FEED work will inform every subsequent step in our commercial design and will ensure that we're able to maintain the pace of delivery of the DMG system," he added.
As of 0850 GMT, shares had advanced 15.87% to 0.898p.