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The high temp. gasification unit developed by Pyromex ag is the basis for the current DMG modular unit. Pyromex was a modular unit. Thermodynamic and construction changes were made by PHE to the system to enhance it's capabilities and efficiency. It got into a legal tangle with RenewMe over aspects of the technology PHE used. PHE settled with RenewMe by issuing, in the main, I believe shares. Be certain, without Pyromex, there would be no DMG. I had a post removed by either dra or pitlock on Friday. The post was in reply to a post from dra calling me a prat, which he repeated today. My removed post stated that when a debate is lost, the vanquished resort to childish abuse. dra was not happy with me for saying he was a novice investor , as proven by him mailing PHE director complaining about the share spread. Nothing it can do about that, it's MM. Attempted interference by a company, or its broker, with its share price, is considered attempted market manipulation and is very serious. dra then resorted to abuse. And I see today, with an 'acceptable spread' he has claimed credit for it. lol. Now it could be pitlock who had my post removed. I said that when the opportunity arose, I would visit PHE HQ and relate my concerns. Pitlock was jumping somersaults and said he would love to be there, seeing me thump the table wwith my demands and get thrown out. lol. I had to bring him down to earth and say that I have sufficient intelligence, acumen and breeding to state my concerns quietly, calmly and in a dignified manner. May be he's a 'table banger.' In any event, he has now sided with the good dr in attempting to pillory me. Barking up the wrong tree I'm afraid. lol. Rather like The Chuckle bros. lol.
The facts remain that whilst PHE is in the hands of Peel for the rollout of its UK ops, there is a problem'. This is my opinion, and to remind posters who have lost sight of the fact, this is a message board for opinions. Facts are welcome, but based on what is happening on Planet Earth.
A posters comment: .Tatty99, Maybe worth a contact to the original DMG supplier?', and gave a link which said nothing about original DMG supplier. The gasification technology used by DMG was designed and patented by a Swiss? Austrian? company Pyromex.ag. PHE acquired this company 100% in 2012. PHE paid about £2M initially , and will pay to the former owners, a further £33 depending on sales of DMG. It is interesting to note the following, also from 2012;
'Pyromex Receives Second Commercial Order
PowerHouse Energy Group plc is pleased to announce that Pyromex AG ("Pyromex"), in which the Company has a 30 per cent. interest and an option to acquire the remaining 70 per cent, has signed its second commercial sales contract and received an initial payment for a 5-ton per day ("tpd"), ultra-high temperature, zero emission gasification reactor from Primula SRL of Italy ("Primula").
PowerHouse has been advised that the Primula contract is valued at approximately €2,000,000 and follows the previous sale of a 5-tpd reactor in October 2011 to Juno of Italy for the conversion of animal waste (bone meal) to syngas.
Primula's feedstock of wood clippings will be pelletized and then gasified using the Pyromex reactor to produce clean syngas. The pelletizing process increases the wood's energy density. The produced syngas will fuel a reciprocating engine to produce electricity from an MWM gas engine with an output capacity of 500 kWh. Heat exchanged from the engine's exhaust gas will be used to dry the wood clippings'
We shall have to wait and see Careful Bunny. I have been warning for many months about the delay but it seems that most are not bothered. My once favourite investment, rather than being once ahead of the game, will now be playing catch up; and hasn't even started. Others now have proved their technology with the sale of working units and have established joint ventures to promote world wide sales as will as production facilities to meet the demand. There is no evedince to indicate otherwise so "put not your trust in princes". With the faint hope that I may be proved wrong.
a) It has been shown to work in prototype - tested many times. (Peel is investing, though their timescale may irritate some.) b) It may be that firms in other countries (Poland being one) will take this on faster than the UK. c) Although the UK's position on climate change & the Glasgow conference may shine the spotlight on PHE bringing more buyers and/or more government money or government underwriting of private money. The case for doing something about the massive problems this technology addresses is unanswerable and urgent.
The Chester plant wont be finished until end of 2021. There are likely to be teething troubles before any smooth running.
Don't expect anyone to commit to building anywhere else until this concept has been proved. Would you sink a minimum of £20m into a project that has never been shown to work before and has a minimum 2 year payback?
More worrying is that not one site has yet even started asking for preliminary planning permission. How long will that take? 1-5 years in the UK? Then year to build and put in place infrastructure and agreements. That's the time period you're looking at before the stock takes off again on anything but hype.
I see a lot of people desperately wanting an update, perhaps some more PR from the company. I guess you all know they are planning to release a regular newslettter which may help alleviate some of the frustration and generate a buzz around the stock once again? https://twitter.com/PowerHouseEG/status/1384113839021559820?s=20
Come on PHE how about another ‘progress update ‘? Surely there must be some plans for Protos site works and/or securing DMG construction contracts? Save any rhetoric about the hydrogen economy and give us some substance about the first commercial DMG. Please.
Sorry A/C. but I can't expect any action before any proof of concept. Certainly not before any road has been built. Australia could prove an exception as assembly could have gone some way towards completion. However I expect that they, together with Poland, and all others, would have been expecting a dmg to have been up and running by now. It's possible that some work, on a road, and on site might boost the shares by a few pence but I don't expect this before October or November. Peep, Peep, Tweet, Tweet. I did not read the comments on Twitter but am concerned that they may have prompted investors to buy at the spike of some six pence this morning. They won't be very happy. this morning; they will not be feeling good about their trades.
It will rise in Q2 as construction starts. When we see it rising from the ground and news of more deals in Australia, Thailand and maybe the USA materialise this could bounce 50% in a week with ease. It’s not going to take 12 months, it may take 12 Months to take us over 15-20p but lots of ups and downs until then. Only way is up from here
With all the talk by Tim and Peel on Twitter it’s about time action speaks louder than words and the first sod is turned. It would be interesting to know what is needed for financial closure - it can’t be that much. Or is it the case the other waste recycling sites next door have to be finished before we can start so their waste is transported to us in the shortest time possible?