Member Info for Piltick

Oh yes, I should also have said a waste management company who is separating recyclable waste plastic from end-of-life waste plastic, and has to dispose of the latter. And of course at Protos these two facilities are next door to each other, so no transport costs, or very little.

mja: Those who currently have to pay landfill tax for end-of-life plastics that they cannot get rid of by any other means e.g. local authorities. And of course they can no longer ship their rubbish to the Far East to be dumped on beaches or thrown into the rivers and ocean. I believe that landfill tax is in the region of £100 per ton, plus cost of transport to the landfill site, so a DMG operator could perhaps charge up to £80 per ton to take it off their hands?

aandi, that is absolutely NOT what the ownership of the SPV is about. The SPV is the JV company that will develop, build manage and operate the DMG system. The SPV JV company will receive payment of the gate fees for accepting the waste plastic as feedstock, and will sell the electricity and hydrogen that is produced by the DMG. I believe there is already an offtake agreement for the hydrogen with Element2.

Peel and PHE will be 50/50 shareholders in the SPV JV company, and will share the profits and dividends from the SPV on a 50/50 basis.

There has been no mention of any intention by Peel or PHE to sell on the SPV JV company to another party at any point in the future. I believe that is EQT's business model, but it is not PHE's business model.

Yes, I agree Doc.

I'm not convinced about that Dr.A, because I'm still thinking that HUI will be using PHE technology in the chamber, even though they have not said so specifically.

I agree Tatty, I'm sure that was a sell.

They've got a few harsh comments as feedback to their twitter post, and quite rightly!

Ponzi scheme!!
??

SmartPunter: "Finland is another source of phosphoric acid with viable REE content."
Best to keep a close watch on Putin, then!

I see they still intend to go ahead with the innovation centre. I thought that might have been dropped. Perhaps it's to replace the demo model at Thornton?

It's because the price you paid is lower than the mid price at that time. That's how the buy/sell system works, purely on whether the transaction is above or below the mid price.

I agree that the SP is likely to drift for fear of a placing and dilution, but that fear is not always justified. In cases where it's a placing just to keep the lights on, then fair enough, the value of the company will drop. But if it's a placing to provide funding for a lucrative project, the SP and MCAP ought to go up. As an example, see what happened when PHE acquired W2T. The doomsayers were all prophesying massive dilution and armageddon, and in fact the SP went up by a considerable multiple! Because the acquisition was the sensible thing to do at the time.

And anyway, I'm sure they won't need a placing to cover the entire 50% cost of the project, surely they will be able to fund part of it through debt equity i.e. loans of some description.

The interview with Keith is essential to watch!

So I think the PHE technology is safe for now!

Boffin, that was my thought as well, how much does it cost to produce the Si+ and how much energy is required to produce it?

Another point in favour of VRFBs, would you really want a lithium battery in the vicinity of hydrogen tanks?

I thought it was a good interview. Best comms form the company for a very long time. Let's hope it continues. But disappointed that the FC is going to be delayed until into next year. I thought that Peel should have sorted that ages ago.

I entirely agree Dr. Anomaly! Most of these moves are things that have been mentioned on these BBs as "wish list" items, and now we have it. PHE back in control. I just hope the they find a good CEO quickly, not like last time.

But I would have preferred to get rid of Peel's exclusivity option. I just don't see the point of it, and I hope it doesn't prevent PHE going into JVs with other companies and local authorities.

"A .5 litre water bottle can propell a vehicle l00 yards "
So how many water bottles do you have to carry with you if you want to go and see your aunt in Burnley?

I don't disagree with anything that you say there mja. I'm simply pointing out that Peel are currently woking on the infrastructure of the overall Protos site, including the infrastructure for Plot 10B, but that the building works on Plot 10B will be carried out by different contractors who are due to be appointed in September.

Of course as you say it is possible that the current contractors may lay the concrete pad(s) on Plot 10B.