The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I would have thought that this great update should deserve a better market reaction than this!
I'm not so sure about that Pabxaran. I can understand that the new demonstrator will enable the concept to be seen and working by potential hydrogen off-takers and potential funders, but TBH I'm not convinced that the Protos DMG is suddenly going to become feasible just because folks can see the new demonstrator at Bridgend. Nor the DMG planned for Ballymena. Both of these projects need upfront contracts for the feedstock, off take agreements for the hydrogen or syngas or electricity or heat, and funding. I can't see any of those things coming about because of the new demonstrator at Bridgend.
PHE won't be doing anything on their site until there is a waste plastic recycling facility in the Protos Park to provide the DMG with feedstock. And at the moment there is no sign of any other developments happening there.
Dijon:
"Powerhouse is stumbling over paperwork and accidentally plagiarizing someone else's business model"
This is simply not the case. As stated in the RNS dated 6 November the company GetGo Recycling Limited have not produced any explanation or details of their claim against PHE's patent. They have until 6th February to lodge details and if they fail to do so their case will be dismissed automatically. So at this stage no-one knows what they are actually claiming and it seems likely that they have made this claim simply to cause a delay to the installation of PHE's demonstrator, although no idea why they would want to do that.
Paul Emmitt interview with Proactive Investors 7th December:
https://www.proactiveinvestors.co.uk/companies/news/1035569/powerhouse-calls-for-change-to-low-carbon-hydrogen-rules-of-entry-1035569.html
Castle, before they can build a DGM at Protos they need to have a plastics recycling facility on the site to provide them with feedstock of end-of-life plastic. As far as I'm aware there is no such facility there yet.
As I understand it PHE's patent isn't about the construction of the "kiln" but it's about the operational process when the system is running to produce syngas. I very much doubt if any of the MDK people would have any knowledge about that aspect.