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Still, this is the preferential mind thinking that incline towards elements that can benefit. w2t may or may not need to pay for the feedstock. It is unclear.
The rns has not been carefully checked before release.
Ok fine, but it did not say who is to pay, and get paid.
The "of course, w2t will be getting paid" is assumption just because we invested here and hence wanted to think as what we wanted. This is not necessary reflect the deal in between w2t and asd.
W2T has also agreed a supply of feedstock to W2T for processing by DMG® Energy Recovery Technology, which is intended to come from un-recyclable plastic from ASD’s PET plastic recycling project at the Protos site, at a price (???to pay, or to get paid?) significantly below current landfill prices.
W2T has also agreed a supply of feedstock to W2T for processing by DMG® Energy Recovery Technology,
(W2t supply to w2t?)
which is intended to come from un-recyclable plastic from ASD’s PET plastic recycling project at the Protos site, at a price significantly below current landfill prices.
W2T has also arranged back up supply lines (unclear what is this backup referred to) for the DMG® plant in the event of delays.
POWERHOUSE ENERGY GROUP PLC - Developer W2T Sign Power Agreement
PR Newswire
London, May 8
9 May 2019
PowerHouse Energy Group plc
("PowerHouse Energy" or the "Company")
Developer W2T Sign Power Agreement and Waste Feedstock MoU
PowerHouse Energy Group plc (AIM: PHE), the UK technology company pioneering hydrogen and clean energy production from waste plastic, is pleased to announce that its exclusive development partner, Waste2Tricity Limited (“W2T�), has agreed that electricity generated by W2T at Protos using DMG® technology will be sold into a private grid operated by Protos and W2T has also agreed a supply agreement for unrecyclable plastic for the DMG® plant. This is a further step in the road to towards achieving Financial Close for the first commercial site utilising PHE’s DMG Technology.
A MOU (Memorandum of Understanding) agreement has been agreed by W2T with the innovative recycler, Advanced Sustainable Developments (ASD), which will see the two companies work collaboratively at the Protos site in Cheshire. The generated electricity from the DMG® process will be supplied back to ASD from the Protos private grid at discount to current power market prices, which will be commercially beneficial to all parties.
W2T has also agreed a supply of feedstock to W2T for processing by DMG® Energy Recovery Technology, which is intended to come from un-recyclable plastic from ASD’s PET plastic recycling project at the Protos site, at a price significantly below current landfill prices. W2T has also arranged back up supply lines for the DMG® plant in the event of delays.
David Ryan, CEO of PowerHouse Energy, commented:
“We are very pleased that our DMG® Energy Recovery Technology will be a key part of the solution at Protos fostered by Peel Environmental with W2T and ASD, which envisages the regeneration of plastics in a circular economy approach to waste management. This matches our vision for the application of the DMG® technology and we believe it heralds the finalisation of a number of further DMG®projects.�
This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.
Ftse250 in five years, possible. May be 6 or 7 or 8 years.
Taken over other efw, nope.
cost toBuilta small efw is 60to100m, idon't know howmuch to take over, and i see no benefit to phe. Start to build phe own hydrogen from waste plant in 5 years, possible.
Hi Stoky,
For phe operation cost, i dont know the figure as i have not got into last years year end report, but i would just add 50to100% of last years figure. At that point when dgm units are in operation at clients premises, David and others need to start to receive proper salary, and i think no. Of staff will be increased, plus cost for training, further research, design, ...
Fir a plant that occupied with below 5 dgm unit, i would estimate the operation cost could be somewhere in between 500 to 900k. Physical Security dayandnight, cyber Security, control room operators 24/7, dmg unit operators, maintenance/cleaning , rent, manager, accountant, ...
I dont estimate operation cost for phe, i made some assumption to a plant.
So,
I think you may have mixed below two:
1, the plant operation cost, which contribute to how much phe will get from 20%
2, phe operating cost
Stoky,
I think there is a gap in yourassumption.
Phe needs to produce or assemble or make 20/50 units to in order to sell.
Epc contractor is only to built a plant, and one of the item to be installed by the epc contractor is dmg unit.
There is something missing or mixed in your assumption.
Plant operation cost is not phe staff cost, these two are different element.
If you are saying phe paying 17k for dmg maintenance then it is not the cost to plant owner.
Phe does not operate the plant, and only collect licence fees (for now)
£17,000 for 50 units a year or £42,500 for 20 units.
Not too sure on these figures, the numbers look quite small for anything (cost of a unit, or maintenance or operation cost, )
Also when there is 20 or 50 units, they wont be at one single location so operation cost should be higher than align research estimated
Hi Stoky,
I didn't go through detail into your numbers to compare mine, but
I think the 20% licence fees is after the operation cost, and not before. Also you may have not count for operation cost yet.
My numbers is not too far away from telephoneman (10-20%different) I will upload my spreadsheet when i have time