Member Info for DrAnomoly

Sold out? So is Glastonbury, doesn’t make it relevant to PHE.

I’ve never said Tom can’t have his event or his followers. If people want croissants, lager at 10am, and three hours of short-seller sermons, good luck to them. My point was simply that PHE management aren’t going to waste time there—it’s not their audience.

Red, that Telegraph piece is about a global refiner walking away from waste-to-jet fuel on a refinery scale. That’s a different technology, different economics, and frankly a different universe from what PHE are doing.

DMG isn’t trying to be a £2bn refinery for jet fuel—it’s designed as a modular system to turn difficult plastics into syngas and hydrogen. You don’t compare a kettle with a power station and call it the same problem.

So sure, it makes for a dramatic headline, but it doesn’t land here. PHE’s challenge is execution on its own tech, not bailing out Shell’s accountants.

who cares? - why aren’t phe at sharestock 2025 wales? possibly because the agenda looks like a cross between a village fete and a bear-raiders’ support group.

8:30am croissants and homemade jam, then straight into lucian miers telling everyone why the world’s doomed unless you short steve o’hara. by mid-morning you’ve got tom grilling ceos for sport, and by lunch we’re into jim mellon giving macro sermons while someone’s daughter’s boyfriend gets told off for being a lefty.

the afternoon offers bitcoin-in-treasury theatre, cathal friel being congratulated for not bombing, and finally ‘***ash’ peter predicting the apocalypse in oil stocks before everyone has rhubarb ice cream and sings sosban fach.

i don’t know about you, but if i were phe management i’d probably give that jamboree a miss too. call me old-fashioned, but frightening pensioners behind a paywall while serving wrexham lager and conspiracy side-dishes isn’t really a shareholder engagement strategy

Exactly DrAl, many years this problem has been known about and solved - hopefully gives some comfort.

Quick follow up - more info here: https://www.asktraders.com/analysis/powerhouse-energy-phe-shares-trade-lower-after-ordering-critical-alloy-material

Worth reminding everyone: the rotary kiln in DMG isn’t built from off-the-shelf stainless. It’s a specialist alloy that’s been part of the design from the start, and it sits within the DMG’s IP. That’s how it handles the aggressive chemistry from hard-to-recycle plastics, chlorine included.

No, I can’t give you the composition—that’s proprietary and part of the company’s know-how. What I can say is it’s been qualified, tested, and confirmed in earlier G3 trials (independently validated by BOC) and carried through into the FTU commissioned this year.

So PVC isn’t some surprise bogeyman that slipped past the engineers. The kiln material and the gas clean-up system were built with exactly this challenge in mind. That’s why this is PHE’s IP—and not just another shiny stainless drum with a flame under it.

Ah yes, Tom Winnifrith's event - I wonder why, after all he's such a great advocate for them.

Not opinion, RedHornet—Paul Emmitt confirmed at the AGM that the FTU was commissioned and has run both internal and customer feedstocks. The difference is that those results haven’t been published. That’s not me speculating, that’s what was said in the room.

Yes, some companies publish in-house data. Others don’t, especially when trials are tied to customer agreements. PHE has chosen the latter path. You can dislike that approach, but it’s not up for debate whether it’s happening—it is.

So, fact: FTU has been tested. Fact: results aren’t public. The rest is just you taking issue with disclosure style. Fair enough, but let’s at least separate what’s preference from what’s actually happening.

The FTU was only commissioned this year. Internal tests were carried out, but like most commissioning runs, they don’t get released as RNS. When prospective customers bring their feedstock, those results sit under commercial-in-confidence. That’s why you haven’t seen them in black and white.

The confusion comes from the G3 unit —those results were published and confirmed by BOC, which was effectively the proof of the process. The FTU is simply a larger unit of the same system. No reason to assume the physics has suddenly stopped working.

So, yes, there is no glossy set of FTU results in the public domain, which frustrates holders. But that’s about disclosure strategy, not whether the kit works. The real step forward will be when those trials convert into commercial contracts, rather than continuing the debate here. Otherwise, we’ll just be stuck arguing about kitchen sinks while the engineers keep building.”

And there it is—another novella for the records. Word count: too many, coherence: still missing.

Quick answers:

Replacement FTU? No public statement. If one is ordered, it’ll be in an RNS, not in a forum post.

‘Confidential’—the company hasn’t released Bridgend data because customer feedstock trials fall under commercial agreements. That doesn’t mean no results exist; it means they’re not published. Companies release when they’re ready and when it’s appropriate under regs. That’s how it works, even if you don’t like the pacing.

As for your plastic chemistry lecture—nice effort, but I think Paul’s already aware of polypropylene. No need to send him your homework.

Now, onto the real question: how many episodes are left in this breakfast saga? The board deserves to know if we’re in for a trilogy. (however i'm sure we all know the answer already)

That was… something. Possibly your most incoherent effort yet. If there’s ‘another one to follow’ then at least the board can look forward to part two of the world’s dullest serial. I’ll stick to facts about PHE—you keep writing the breakfast diaries.

Bluetoff, mothballed would mean shelved. What Paul Emmitt said at the AGM was that the smaller FTU is being packaged and certified for market. That’s a very different thing—it’s about readiness, not abandonment, preparing something for use isn’t the same as putting it in storage.

On the FTU, the results exist—they just haven’t been published. Internal commissioning tests haven’t been released, and customer feedstock trials are bound by commercial-in-confidence. You can’t exactly put someone’s waste profile into an RNS just to keep AIM entertained.

There is evidence, though—Paul Emmitt confirmed at the AGM that the FTU is being packaged and certified for market. Sorry if you weren’t there in person, but it was stated. That’s why I say it’s in motion, even if we’ve not yet seen contracts announced.

So yes, no public results yet, and that’s a fair frustration. But it’s not the same as nothing happening. The FTU was always a demonstrator; its value comes when trials translate into deals. That’s the bar to watch. Otherwise we’re just back to writing another melodramatic obituary for PHE on this board, and there’s already been plenty of those.

Fair questions, RedHornet. On NH2: the planning application hasn’t been submitted yet—that’s clear. They’ve said it’s progressing, but we haven’t seen the formal lodgement, which is what will really move the needle. So yes, the timelines are dragging, no argument there.

On funding: you’re right, the story’s been on repeat. The ‘immediately’ from 2023 is now ancient history. But here’s the distinction—NH2’s model has always been about project finance and a listing route, not PHE footing the bill for full facilities. PHE’s play is the IP/licensing and tech-sale angle, not owning every plant outright. So the commercial upside comes if NH2 raises and builds at scale, and PHE takes its cut per unit.

It doesn’t make the risks go away—far from it—but it explains why NH2 is still the biggest revenue driver for PHE if it happens. That’s the business model. Slow, yes. Dead, no.

So in short: planning not in, funding still the bottleneck, but the prize is still bigger than Ballymena or the FTU sales if it actually lands.

And there it is—the breakfast sermon, right on cue. I barely had time to boil the kettle before you’d produced 1,200 words of the usual: fake doctorates, narcissism, Dusty conspiracies, and of course, the eternal SPV/FTU loop. Predictability is its own kind of art form, I suppose.

Let’s clear the air. I don’t speak for the board, SP Angel, or anyone else. Never claimed to. The company releases what it releases when it’s ready. That’s not a lie, it’s just how public companies operate—sorry if that offends your sense of drama.

As for the rest—‘narcissism,’ ‘projection,’ ‘fake this and that’—it’s just the same script you’ve been running since 2021, with only the breakfast menu changing. You can call me H2ooo, Bobby, or Thefraud if it keeps you busy. I’ll stick to commenting on the business and leave the personal epics to you.

Now, if you’ll excuse me, I think Dusty’s candlestick in the library sounds more interesting than your umpteenth monologue.

Close, Dusty, but not quite a Cluedo win this time. I can confirm I’m Bob/DrAnomoly—retired H2ooo, but nothing else. The other characters people pin on me aren’t mine.

As for ‘The One’—not Swazers, and not my mystery to solve either. The board isn’t Cluedo—no candlesticks, no libraries—just too many aliases and not enough facts. I’ll stick to sharing the latter where I can. Besides, if this really was Cluedo, half the suspects would be arguing about the rules until breakfast in Brazil.

Morning, Bluetoff. Imposters? I’ve seen more clones on this board than in a bad Star Wars prequel. But no, I can only take responsibility for DrAnomoly—just the one.

As for the spelling—ah, you spotted it. A deliberate Anomoly. Consider it my small tribute to this board’s obsession with pedantry. I fully expect our Brazilian nemesis to devote 1,200 words to it before his papaya goes cold. If that’s not entertainment value, I don’t know what is.

So yes, one Dr, one Anomoly, and still the same old job: cutting through noise and adding facts where they count.

I’m only responsible for DrAnomoly, so I thought it was time to resurrect it. No more H2000, and for the record the other accounts floating around aren’t me—whatever the conspiracy theorists might want to believe. They can all speak for themselves.

I’ll just stick to what I always did: adding information where it feels useful, and occasionally tossing a pebble at my Brazilian nemesis. He won’t be able to resist, of course—he never can. Expect a reply referencing something I allegedly said three years ago, or the tired old routine about my ‘fake doctorate, fake life, fake news.’ Pedantry ad infinitum.

In short, I’m back to talk facts when they matter, and if a certain someone wants to treat that like an international incident—so much the better.

'Bled dry’—strong words, Patxaran. Makes it sound like Nosferatu is running the company instead of an engineering team. Investors have taken a kicking, no denying that, but the patient isn’t a corpse. NH2 is still the prize project, Ballymena hasn’t gone away, and the FTU is in the process of being packaged and certified so it can actually be sold rather than just wheeled out at presentations. So yes, plenty of blood loss on the chart, but let’s not mistake it for a death certificate.

RedHornet, fair call that delays have hurt sentiment, but it’s worth keeping perspective. Ballymena is still in play as a useful reference project, but the real commercial driver is NH2 in Australia—that’s where scale and momentum come from.

In the meantime, the smaller FTU is being packaged up for sale, with certification work underway. That’s a near-term step that gives the tech a proper route into market rather than just sitting on paper.

And let’s not forget the CMD—there were interested parties in the room (confirmed again in the AGM report). Nothing signed yet, but they’re in different stages of qualification, which is normal in this space. It’s not about whether anyone cares, it’s about how long due diligence takes.

So yes, plenty of noise on this board, but the actual story is simple: progress is happening, even if it’s not tied up in a bow yet. The rest is just background chatter.