In case anyone missed........15 Jan 2021 15:06
“The exercise of the Peel Warrant would bring a further £10.2mln of cash into Powerhouse. Together with the proceeds of this fundraising, the exercise of the Peel Warrant would place our company on a very secure financial footing and facilitate the deployment of our technology internationally, helping to accelerate a clean energy transition and provide a solution to non-recyclable plastic,” Yeo added.
David Ryan, the chief executive officer of Powerhouse, said his overriding priority is to get Powerhouse’s first project into operation as soon as possible.
“The completed plant would enable future customers worldwide to see the DMG technology delivering the reality of waste plastic regenerated to hydrogen, realising the predicted technology environmental and commercial benefits. This investment will allow Powerhouse and Peel to deliver this reality sooner and I consider it as an obvious step for the company to make in these challenging times,” Ryan concluded.