TPI provides its latest research note on PowerHouse Energy Group plc (PHE.L).

PowerHouse has confirmed that Peel L&P Environmental (“Peel”), with which it has an exclusive licensing and partnership arrangement.

Has now completed on schedule the Engineering Definition phase of the contractors’ work for the DMG® plant at its 54-acre Protos site near Ellesmere Port in Cheshire.

This represents an important step toward the delivery of the Company’s innovative DMG® technology to the UK’s first commercial operation designed to provide a community-based distributed source of hydrogen, which Peel considers to be the blueprint for a series of similar plastic-to-hydrogen plants throughout the country.

Targeting local authorities across the region that seek a long-term and more sustainable solution for the disposal of waste plastic, whilst also creating a local source of low carbon transport fuel which could assist them with meeting their climate change goals, Peel has outlined plans to roll-out as many as 70 more such facilities. PowerHouse meanwhile notes that it is managing its working capital position and existing cash resources are now expected to be sufficient to sustain operations until into early Q4 2020.

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We would draw your attention to the various disclaimers in the document both at the beginning and at the end of the note. Retail clients (as defined by the rules of the FCA) must not rely on the research document. In particular you should note that the research document is a non-independent marketing communication. The analyst who has prepared the research is aware that TPI provides research to PowerHouse Energy Group plc. Accordingly the research has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibitions on dealing ahead of its dissemination.

The information in the document is published solely for information purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. The material contained in the document is general information intended for recipients who understand the risks associated with equity investment in smaller companies. It does not constitute a personal recommendation as defined by the FCA or take into account the particular investment objectives, financial situation or needs of individual investors nor provide any indication as to whether an investment, a course of action or the associated risks are suitable for the recipient.

Copyright © 2020 Turner Pope Investments (TPI) Limited, all rights reserved.

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