Member Info for Piltick

I have sent an email to Myles and Keith Riley.

That's very interesting NH, I was certainly under the impression that the majority of plastic came from oil. Thanks for the info.

You're wasting your time NH, I've been telling Audible this for months, to no avail!

You are unbelievable!!

Just acknowledge that you got it wrong, Audible.

Boffin, for months I've been trying to explain to Audible that the Scottish DMG will process 13,500 tons PER ANNUM which will be approx. 35-40 tons PER DAY, but he seems incapable of grasping this.

Perhaps I ought to explain to him that in the UK we use the full stop as a decimal point, and the comma to indicate thousands. Perhaps that should help him to understand what I am trying to tell him.

I expect they are, but none of these organisations will dare to commit to installing a DMG until they can see a full-size commercial FOAK up and running, which is why it is so important get that done as soon as possible.

superbarnet, I too am heavily invested in both PHE and EQT, and I don't appreciate the bickering that's going on between these two on this board.

Personally I think it's a lot of hot air!

So to be clear, are they building a factory to generate hydrogen using electrolysis? Because if that's the case, then that would be in direct competition with ITM.

Don't forget that PHE's Interim Chairman, Keith Riley, is also a director of HUI. And Howard White, a director of HUI, is a major shareholder of PHE. There is a strong connection.

This is my take on the timeline from GB's latest interview:
- By end Q3 2022: Complete PEA (Preliminary Economic Assessment). GB reckons this should be an inflexion point for the SP.
- By end of 2022: Straight into Pre Feasibility Study, complete by end of 2022 or Jan-Feb 2023 at the latest.
- By end 2023: Complete Bankable Feasibility Study
- Piloting at Kaytec Florida H2 2022.
- H1 2023, complete pilot plant at Phalaborwa.
- Burundi: Meeting 2 months ago, gave them a proposal, waiting for their response.

If Peel don't want to do it, I see no reason why PHE wouldn't partner the project. But I wonder if it is near a waste plastic management site, or local authority site, and where do they intend to sell the hydrogen that's produced?

As demand for hydrogen (and ammonia) rises over the next several years, no doubt the price will also rise. I expect that the current standard pump price of £10 /kg will be much higher in the next 3-5 years, and so will diesel.

Yes Tatty, that's my take on it as well.

I believe that the standard "pump" price for hydrogen is presently £10 per kg.

This planning application was submitted by Peel for their Plastic Park and not by PHE, so PHE cannot issue an RNS for this.

Now that they've got all of their planning permissions, I expect Peel will get on with the site preparation and infrastructure. But I cant see anything happening regarding construction on 10B until after Financial Close of the SPV at the end of August, and I believe the EPC contractor won't be settled until sometime in September.

You're right about the consultancy fees testpack, I shouldn't have included that because as you say, that comes to PHE and not the operator or the SPV. But the SPV will get gate fees because the end-of-life plastic would otherwise have to go to landfill, and that would involve transport and landfill tax for the waste management company to pay.

And regards shredding the plastic, I believe that plastic shredding equipment will be part of the DMG installation, so the plastic will be shredded on site before entering the chamber.

Looks like shareholders have been screwed, unless I've read it wrong.