Latest News "PowerHouse Energy snaps up UK firm Waste2Tricity" PowerHouse Energy has signed an agreement to buy Waste2Tricity, a UK technology company that is developing a way of producing hydrogen from waste plastic. The acquisition is subject to approvals from regulators and shareholders, with a view to finalising a formal sale and purchase deal in the first quarter of this year. It follows a collaboration agreement between Waste2Tricity, Powerhouse Energy and Peel Environmental to develop 11 waste plastic to hydrogen facilities, representing an investment of more than £150 million, across the UK. A planning application has been submitted for the first facility at Peel Environmental’s 54-hectare Protos site near Ellesmere Port in Cheshire for the Distributed Modular Gasification (DMG) technology, expected to be commissioned by the end of 2020.
The acquisition is subject to approvals from regulators and shareholders, with a view to finalising a formal sale and purchase deal in the first quarter of this year. It follows a collaboration agreement between Waste2Tricity, Powerhouse Energy and Peel Environmental to develop 11 waste plastic to hydrogen facilities, representing an investment of more than £150 million, across the UK. A planning application has been submitted for the first facility at Peel Environmental’s 54-hectare Protos site near Ellesmere Port in Cheshire for the Distributed Modular Gasification (DMG) technology, expected to be commissioned by the end of 2020.