23 December 2020 | 08:57am
StockMarketWire.com - Waste plastic-to-energy group Powerhouse Energy said there were no new material developments for it to report, having noted a recent rise in its share price.
The company had provided an update on operational developments on 17 December.
At 8:57am: [LON:PHE] PowerHouse Energy share price was 0p at 2.95p
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Neil Tague
Work has started on the £10m second phase of infrastructure works at Peel L&P Environmental’s Cheshire energy hub, while site clearance has begun for Powerhouse Energy Group’s proposal in the development’s Plastic Park.
The infrastructure works will provide road access for an energy recovery facility to be operated by Covanta and the second phase of plots of at Protos to be brought forward for development.
Works include:
New nature areas to create habitats for wading birds and water voles
Two new bridges
Water supply to phase 2 plots
New service infrastructure
The infrastructure work at the Ellemsere Port site is being undertaken by John Sisk & Son and is due to be completed in early 2022.
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Powerhouse Energy Group plc
Operational progress update
Powerhouse Energy Group plc (AIM: PHE) ( Powerhouse or the Company ), the sustainable hydrogen company pioneering hydrogen production from waste plastic, is pleased to provide an update on operational progress since the AGM held in September 2020.
We are pleased to announce that Peel L&P Environmental (“Peel”) has commenced site preparation for the first commercial DMG® plant at Protos with initial ground works. Peel has also embarked on phase 2 of infrastructure works at Protos which include the preparation of access roads and laydown areas for the works and utility service installation on Protos Plot 10b where the DMG® plant will be installed.