Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Thanks for that jabberba.
H jabberba, hope you are well.
Yes, I would imagine that anyone that has taken the trouble to contact both PHE and W2T over the years will know that W2T haven't just been sat on their a**e.
Have a great 2020.
Hi Mana, thanks for the input.
Hope you had a good Christmas and best wishes for 2020.
From what I have read and the odd bit of contact I have had with Howard White, W2T have done a massive amount of work over the past couple of years bringing the PHE DMG tech to the attention of countless interested parties both at home and abroad and although all but Peel wanted to be second adopters it is my belief that W2T have a sizable pipeline of orders on their books, over and above the eleven that we are aware of with Peel, just waiting for that first one to be proven.
LOL.
That waste plastic, that cannot be recycled, is a very valuable source of energy, made from oil and gas that has already been extracted.
As we all know, we use plastic for a vast amount of things that are deemed necessary for our lives, some of which could of course be made from other materials but everything has a CO2 footprint and sometimes that footprint can be better or worse than using plastic.
When our plastic objects have reached the end of their lives it is probably right that as much as possible should be recycled.
I say probably because the jury is still out as to whether recycling plastic has a lower CO2 footprint than recovering its energy via PHE's gasification tech.
Anyway, that aside, there are plastics that are not recyclable and to say that these should be left to go to land fill or litter our countryside, river's and sea's is a nonsense.
PHE can extract an impressive amount of energy from unrecyclable waste plastic.
From the 19-12-2019 RNS we are advised that from 35t/d of waste plastic the DMG has a generating capacity of 3.8MWe, 3.4MWe exportable which is 81,6MWh per day PLUS, repeat PLUS 2 tonnes of hydrogen per day.
The 81.6MWh of electricity generated from the used waste plastic made from natural gas/oil will displace the virgin natural gas that would have otherwise have been used to generate those 81.6MWh in a traditional gas fired power station.
The 2 tonnes of hydrogen has the potential to replace 12,000 HGV/Bus diesel miles, each one of those HGV/Bus diesel miles would produce up to 3kg of CO2 plus all the associated NOx, SOx and particulates, that is 36 tonnes of CO2 saved per 2t of H2.
So as you can see, it is unlikely that the PHE DMG process will add any more CO2 to the atmosphere than would have been had the plastic not been gasified.
I note that you yourself, AnneOwl, are quite happy to invest in oil/gas explorers for a “quick profit”;
Posted in: RMP
Posts: 182
Price: 0.625
No Opinion
RE: Worth a punt at this price16 Dec 2019 15:22
Excellent entry for the imminent rise in the new year.
Or maybe you do not see that as “adding to atmospheric pollution in the form of greenhouse gas”.
Have a happy and prosperous new year.
Hi Newboy, the quote you gave is in fact for pyrolysis, this is what is said about this new process,
“In the case of PLA, we would produce 11 kg CO2 per 1 kg H2, but only if we fully oxidise the PLA to CO2,” said Moritz Kuehnel, lecturer at Swansea’s chemistry department. “We do not actually observe formation of any CO2, because we only convert PLA to pyruvic acid and H2, and the pyruvic acid is not further converted to CO2. For the other plastics, PET for example, we produce 8.8 kg CO2 per kg H2. We haven't done a lifecycle analysis, so this information is based only on the reaction principle.”
So they would produce a byproduct of pyruvic acid.
Phe have said that they produce 1 tonne of CO2 to produce 1 tonnes of H2.
Further Co2 is then produced when the remaining gases are combusted to produce electricity, this will be at a similar level to existing gas fired power stations which are currently not using carbon capture and storage.
Hope that helps.
Happy new year everyone.
Hi Manabouttown, thanks for your good posts this morning (and you too Piltick).
I'm with you on this, the take-over will make for a much stronger company and the market certainly thinks so today.
Hi SPENCER1471, yes, I can confirm that was a buy.
Good post Manabouttown.
Here's something else to mull over.
AFC Energy are at a similar stage to PHE, on the cusp of commercialisation after many years of R&D, they have no current sales but have a market cap of £64m compared to ours of £9.7m.
Funding for the FOAK DMG is now covered and planning will follow early next year, IMHO we have a good chance of re-rating to a similar market cap to AFC i.e. circa 3.35p.
Further down the road we have ITM Power, who manufacture electrolysers, they have several installed around the country but are still making a loss; they have a MC of £312m which we could well equal in the next year or two (or even sooner) as more plants are put through planning once the first is built and proven and new licensees take up our product. That could be a share price in the region of 16p.
All IMHO DYOR.
Hi Stokey12, first of all, it's not entirely clear whether the unit has actually increased in size to accommodate the 35 tonnes of feedstock per day or whether they have increased the efficiency of putting the feedstock through the original 25t/day design.
The new feed rate will allow 3.8Mw to be generated with 3.4Mw available for export, 0.4Mw is used to power the unit which is 10%, down from the original forecast of a 20% parasitic load.
So 81.6Mwh available for daily export at somewhere between £60 and £80 per MWh to the Protos grid.
Happy days.
Hi sharesport, yes all is well thanks, I'm just patiently awaiting further news.
As far as I know Bamford/JCB are invested in ITM and so I assume they are using ITM electrolysers.
Thanks jabberba, I'm sat back waiting patiently for this to come to fruition.
Hi David, what do you mean by "how much is taken out by Waste2Tricity"?
Yes, absolutely correct, the waste plastic does not need to be washed before gasification.
There is no doubt that ITM could be a major purveyor of hydrogen but I wouldn't class them as a major competitor unless and until they can half the cost of their offering.
It takes circa 60Mwh to produce 1 tonne of hydrogen via electrolysis, so if their supplier charges £100/Mwh it will cost them £6,000 in electricity costs alone to produce 1 tonne of hydrogen and then there is the cost of producing the de-ionized water that I believe they have to use.
So it may be some time before they can half their retail cost of £10/kg of hydrogen.
One thing that will help them is the up-take of hydrogen vehicles and that is where PHE will be helpful to them, by offering hydrogen on a par with diesel i.e. £5/kg.
Lets not forget that hydrogen production from DMG is icing on the cake, DMG will be profitable by electricity production alone.
So, although both companies want to sell hydrogen as a road fuel, we will be more of a help to ITM than they will be a threat to PHE.
Great links jabberba, have you sent any of them to PHE and W2T?
And Tim Yeo on BBC Radio 4 urging the government to back hydrogen.
https://www.bbc.co.uk/sounds/play/m000616q
Starts 20 minutes into the program.
Hey stokey, check the batteries in that calculator of yours, we were at about 1% (19m) when you posted that. About 1.6% traded today on LSE.
Well done Tatty99,the more investors that contact the BBC or Sky the greater the chance that they will look into us.
I managed to get an email through to the production team of the war on plastic program and I know of another investor who is in contact with them also.
Another good pro hydrogen article.
https://www.renewableenergyworld.com/articles/2019/06/its-clean-powerful-and-available-are-you-ready-for-hydrogen-energy.html