The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
It was actually Peel who said that they wouldn’t lease the plot unless PHE and W2E merged. In reality if they hadn’t merged neither of them would have survived, because W2T couldn’t raise the funds to build the FOAK and PHE didn’t want to be the “developer” as they wanted to produce and lease the technology. So Peel said they would become the developer in the UK. Then they ground to a halt.
alkin: "No mention of PHE!"
That may be because, if my understanding is right, the hydrogen to be produced by PHE's DMG at Protos is destined to go to a hydrogen refuelling station for HGVs on the Protos site, and will not be fed into the NW hydrogen network.
The DMG is "self sustaining" because it uses a percentage of the syngas that it produces to continue to heat the chamber. So it only needs to use natural gas for a short time to start the system and bring it up to the heat level required. After that it uses it's own gas, so to that extent it is self sustaining.
Of course the "fuel" is the feedstock.