RE: Big numbers..............9 Jun 2022 10:13
Was 3.5p few months and the share price went downhill without any news. Good news today. Hopefully should see this slowly rise.
Richard Barker, Development Director at Peel NRE, said: “This is a fantastic moment for West Dunbartonshire and Scotland. It shows how the UK is innovating when it comes to rolling out new net zero technologies. The facility will address the dual challenge of both tackling our problem plastic whilst creating hydrogen, a sustainable fuel for future generations.
“Whilst the focus must remain on removing plastic from society, there are still end of life plastics that need managing. The plant will play a pivotal role in making the best use of non-recyclable material, with the resulting hydrogen able to help cut carbon emissions from vehicles.”
Paul Drennan-Durose, Chief Executive Officer of Powerhouse, said: “The consent for a second site is another substantive step for Powerhouse, as we roll-out the process of commercialising our technology. We value the opportunity of working alongside Peel NRE, and in supporting the Scottish and UK governments in their missions to decarbonise communities and the economy.”
Zero Waste Scotland estimates that around 500,000 tonnes of waste plastic are produced in Scotland every year, with research undertaken by Anthesis, on behalf of Peel NRE, showing that around 300,000 tonnes are within the central belt of Scotland.
Peel NRE has signed a collaboration agreement with Powerhouse to develop 11 waste plastic to hydrogen facilities across the UK in the medium term, with the option of exclusive rights for a total of 70 facilities. The North Clyde facility is the second site to come forward under the collaboration agreement.
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