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Most AIM stocks are exempt from inheritance tax (IHT) if they've been held for more than two years.... I think that means have been held by the initial owner who has died, but am not certain.
Ammonia contains no Carbon (it is NH3), so still leaves the problem of how to get rid of the carbon. Creating a new plastic feedstock from the syngas would use carbon, so might be the best solution if it can be tuned to the syngas composition.
In respect of painting PHE truly green, there is one missing element, what happens to the Syngas. It doesn't just go away. If you burn it then you are not green because all the carbon that was in the plastics to start with is released as CO2. PHE needs to either develop or partner with a company that can take this Syngas and create something that locks up the carbon e.g. new raw plastic as a virgin feedstock. Then they really would have a world beater.
AJBell Youinvest seem to be behind the times, my latest offer dated today still quotes £7.80.... but the share price does indicate people are accepting £8.69. I hope it climbs over the offer price soon.
I hope you don't think bitcoin has a long term future. Have you checked the amount of energy it consumes with just the relatively small number of transactions it currently has. It already uses up the amount of energy of a smallish country. If it were to become widely adopted which it would need to be for the price to really multiply, then the energy crisis has only just begun.
Yes, a gas turbine such as that might be one option as a user for the syngas, it can also probably be used in a diesel engine for smaller flow rates. As for the energy required for the process, one of their papers talks of 300kw/hr electrical load, but what size of DMG that relates to is not obvious. But I guess if one took a generator capable of that (probably an industrial diesel) as a guide to the CO2 output then it might be a guide for the process itself, excluding what happens to the syngas afterwards.
The only way the process would not produce any CO2 is if the syngas part was used to create more plastic or other synthetic materials, which is complex but possible, but not likely to be an early link-up. A future development option though. The likely short term use for the syngas is to burn it in a traditional power or CHP station, all these options are mentioned in the PHE website.
There you have it, and the main constituent of syngas is methane, you burn methane (CH4) you get CO2 as a main byproduct.......QED.
And based on that fun fact do some maths.... the high calorific gas only produces 2 T of hydrogen, where does the rest go? It doesn't just magically disappear. Simples, it is the syngas that contains the carbon. Which is why they are supporting CCS as it would make the whole process green not just the hydrogen part.
Occy, the hydrogen it produces will of course be used in a fuel cell, but that is only part of what the DMG produces, it can't produce hydrogen only. The carbon in the plastics etc has to go somewhere, and it goes into the syngas, read the description of how the DMG works and what it produces. So either you don't use the syngas, in which case it itself is a greenhouse gas, or you burn it, and produce CO2.
I have said this before, a while back, the DMG process itself produces very little CO2, it produce syngas as well as hydrogen, but when the syngas part is used (burnt) to produce e.g. electricity, it produces CO2. There is carbon in plastic, it doesn't just disappear. The overall process is not necessarily CO2 free, it depends on how the syngas is subsequently used, and at present that is likely to generate CO2. Perhaps that is why PHE are mentioning CCS, to decarbonise that remaining product.
Your mate who recommended this share as a first investment to someone who is new to shares should have explained to you that you should never invest more than you can afford to lose in any one share, particularly a high risk one like this. High risk has the potential for high rewards, but risk is risk.
I operate a policy of never having less than 10 different shares (I actually have significantly more) and not more than 25% of the total value invested in any one of them. If you can only afford a smaller number of shares, and still want to go for high risk type shares, then still spread your money over two or three different ones. Look at their charts for the past week, month and 6 months and see what direction it is trending. Never buy into something that is 2 days into a sudden spike, it is probably about to hit a peak.
Finally, in respect of this particular share, accountancy always takes longer than expected to bottom out, so unless this is still offline in a month or twos time I personally won't be getting concerned. They have done this for a valid reason.
As well as the Biden effect, I think the success that the PI's had using Reddit over the shorters in GameStop etc means the hedge funds have some major holes in their books they need to paper over, and have had to sell the stocks that have given them the best profits recently, so this sector is suffering as a result of it's own success.
Just use Google, they give live prices albeit with less detail than a paid for account. So in Google just type in LON:ITM and it will give you a graph that is not delayed by 15Min.
Ok, since I had a few recommendations for the portfolio tool comment I shall assume someone here might want it, hopefully the link I am attaching will show up ok.
The sample contains some random shares to demonstrate how it works, and instructions are on sheet 1. If you are familiar with Excel it should be easy enough to use and even improve to suit yourself. The link will take you to non editable version of the document. To use it for yourself and make it editable I seem to recall you have to do file > make a copy > and save it in your own google drive.
https://docs.google.com/spreadsheets/d/1KpIZRN0brXFFIzxE4l8wYpN7JGlslAwsgZHVmQRsLlA/edit#gid=699245325
I have a portfolio tool I built in Google docs. It takes live data from google finance, and allows you to add new share tickers by merely copying and pasting a line and editing the ticker name, the number of shares and the av price. It automatically loads links to a number of share web pages for the chose ticker, and allows you to have different portfolios on different sheets all totalled up to the front sheet, has micro graphs for weekly, monthly and six monthly charts and has a watchlist sheet as well. Only downsides are it takes a lot of internet bandwidth and it is editable so you can mess it up if you make a mistake.
If anyone wants it I will try and post a link here to a copy you can upload to your google drive, you have to use that as it only works from there.
I also am happy with the potential growth for static VRFB's, I see it as huge, I see no point in trying to force a square peg into a round hole, many's a company has come to regret trying to sell a product into a market that it doesn't suit.
@BenAlder In most of those circumstances I reckon hydrogen gas and a fuel cell would be a better choice, assuming we do entirely eliminate hydrocarbons, although my view would be that a gas powered IC engine would be green enough for minority usage subject to a licensing process to limit it to minority use. I think VRFB's would take up too much room except perhaps for the port use example, where you have a large ship and a relatively small demand.
@Mitchoftheday I have been following the board for a long time but rarely feel the need to add an opinion. Started investing in BMN a couple of years ago, and have built up a sizeable holding since. It is my second largest investment after PHE, both of which have benefited from their recent rises. ITM is the third alternative energy stock in my top 5 investments. I also hold smaller positions in CWR, EQT, UKW & AEG. Altogether making around 50% of my investment.
And to further elaborate, energy density of VRFB electrolyte is 72 kJ/kg, energy density of ammonia is 22.5 MJ/kg, i.e.ammonia is 300 times as energy dense... no contest really when you have to move something around and use energy to do so. You want the fuel that weighs the least and has the least volume. Weight and volume are not an issue for static use.