Member Info for Piltick

Or to put it another way, if HUI was proposing to use some alternative technology, not PHE's, how likely is it that PHE would be even discussing the JV or anything else with them?

Still doesn't confirm one way or the other whether it's the DMG, but as they are in discussions it would seem likely that it is.

If the Ireland project turns out to be the FOAK then it would make sense for PHE to be involved in the JV (or SPV).

Badger, see the latest post from Nuthazard. I think it's fairly safe to assume that it is the DMG that they will be using, it's just a shame that neither side has actually confirmed that. Probably PHE are not in a position to put that into an RNS yet because they won't have received a firm order from HUI yet.

Zombie3: I believe that HUI's facility will be in a separate building but on the same site, and that they will be sharing the same feedstock i.e. plastic waste.

I have no idea how much design work has been done, possibly none. The site already has planning consent for Trifol, so planning permission will have to be sought by HUI. No idea how long that will take. I must say I have difficulty with the idea that this FOAK can be up and running before Protos, but if Peel's Plot 10B track record so far is anything to go by...

Zombi3, according to the RNS issued by HUI, the site has planning permission for TRL’s plastic to wax pyrolysis business. So it may not be too difficult to get permission to add in HIUI's plastic to energy facility.

Email sent. I would be in favour of PHE taking a 49% share in the Ireland SPV, which of course would require PHE to raise funds by way of a placing and/or debt finance. I wouldn't be concerned about "dilution" if the placing is for a profit-earning project which should enhance the value of the company.

During an interview I recall David Ryan stating that PHE would be taking a shareholding in the SPV at Protos for the FOAK, but this was a “one-off” and not the company’s general strategy, and they did not intend to take a shareholding in any of the others, at this stage anyway.

Personally, I would favour PHE taking an interest in some SPVs, but not all, depending on the company’s financial situation, for anywhere between 20% and 49%, with funding to be split between equity and debt finance. I believe that once the FOAK is up and running, it will be much easier to obtain debt finance using the SPV shareholding as collateral.

Nevertheless, PHE should continue to charge a licence fee of c£500k pa for each DMG unit, payable by the SPVs. Of course the level of the fee may be reviewed from time to time, and from project to project.

Am I right to assume that the technology used by Vertex Hydrogen to produce hydrogen is a variation of steam methane reformation, which I understand requires large quantities of electricity? If so, I wonder where they are getting their electricity, and is it renewable?

Hi Doc, well I don't know about "nicely crafted"! But yes I'm happy for you to share it with Paul or anyone else for that matter.

Hi Doc, sen you an email. Please let me know if it doesn't arrive.

"...conformity into the picture allow commercial sale within Eu? "

PHE is not selling DGM machines into the EU. PHE are selling technology.
This is not the same as manufacturing and selling hoovers or motor mowers. The DMG units will be built and installed within the EU.
Now, explain, what is all this nonsense about EU conformity? Where is this rubbish idea coming from? Evidence?

"...and the strategic path at or around the time of the next AGM."
which is usually around the end of July.

Thanks Doc. I'll send you an email over the weekend.

So at long last we've got something from the new CEO. Doesn't tell us much though.

Also Doc, I have had thoughts very similar to some of the points that you have mentioned tonight. I would like to set my thoughts out in an email to you. Do you still have the same hotmail email address that we used several months ago regarding another matter?

Doc, would it be OK for me to copy your post @ 20:30 regarding Howard White's comments over to the ADVFN board. I know that some of the posters over there read thisBB, but not all of them.

I'll give you the due credits!

Regarding Peel's Plastic Park planning application dated 7 October, it seems that consultants have now submitted reports answering the concerns of Natural England, so surely this application will be able to go to the planning committee at their meeting on 7h June.

Unfortunately it is probably too late to get it to the committee for their meeting on 10th May.

hTTps://pa.cheshirewestandchester.gov.uk/online-applications/applicationDetails.do?activeTab=documents&keyVal=R0LO1ITE02A00

LedZep, you raise a pertinent point about the funding of Plot 10B and the Protos SPV. My understanding is that Peel will be responsible for the development of the site and the the services, and those costs will be recovered in the lease charges. Some time ago I recall Dave Ryan saying that PHE will be putting equity into the SPV along with Peel, but I don't know what level of shareholding, I just assumed it would be somewhere around 50%. I'm just hoping that Peel are going to put up the rest of it one way or another, and not have to depend on a third party coming into the party.

I'm not a doubter Doc, I have every confidence in the DMG technology in the fullness of time, and I'm not really concerned about the daily fluctuations in SP because I'm a LTH and not a day trader.

But I am getting frustrated with a couple of things, one is the time that it's taking to get the planning permissions for Protos and Rothesay, and hence the consequential delays in getting on with Plot 10B at Protos, and the second thing is the total radio silence from our PHE BoD. Surely they could at least give us some sort of updates in a newsletter if an RNS isn't warranted, and surely they could acknowledge emails even though they may not be in a position to answer specific questions.

PHE are now totally dependent upon either Peel or HUI getting the "First of a Kind" DMG facility up and running. It's anyones guess as to which one is first, but it's unlikely that anyone else will commit to installing a DMG until they can see the first commercial unit up and running and producing syngas.