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For you and dofmeister: you keep on playing "use your illusion" of GnR
https://en.wikipedia.org/wiki/Use_Your_Illusion_I
If I remember well some months ago I wrote a post to explain why this project will end up in confirming what we already know: wood --> syngas --> biomethane is an economically unviable option, as already demonstrated by multiple studies in the past and a production plant built in Sweden and scrapped for its technoeconomic performance
Sir, you have poor knowledge of industrial chemistry, do you?
How many patents did you write? How much H2 did you buy so far and for what applications? I work in the field of renewable H2 since almost 15 years now, I know a couple of things and since I have been engineer, scientist and then lobbyist and entrepreneur I know how to spot a not profitable investment in this field, and I think so far explaining why PHE is not a good investment I have been accurate...
I started to write about PHE on the 6th of June since somebody asked my opinion and I stated I see no future in PHE. The stock price was 50% more than now, and in fact happened what I stated back then...
NOw is not the moment, since there is always the same board. They showed us they are not able to deliver a project and we should keep on beting on the same people?
The BoD should have the gut to stand in the board and say "sorry guys, we are the ones who did the mess and we take full responsability, we step down and hand over the company to somebody better than us"
But they will not do it...
From now to 2030, if we follow press releases etc there is already 10X more H2 on sale than market demands, that is one of the worries.
Regarding plastics: there will be more and more chemical recycling (plastic --> syngas --> chemical synthesis --> new plastics), so there will be growing competitions and you will not have anymore a raw material at negative prices but you will have to pay for it.
H2 for home heating --> market is disappearing before starting
H2 for fuel for light duty vehicles --> market already gone
H2 for fuel for heavy duty trucks --> market disappearing fast, electirfication is taking over also there
In a nutshell, invest only money you like to lose
P.S: It is the thermodynamic that is not favorable for H2, you can invest billions in research but you are not going to change the 3 thermodynamic laws...
Hydrogen will not be the future, now even the markets are starting to realize it.
Hi all,
just as I tried to warn people of not investing in EQT when it was >4X more value than now (so following my suggestions they would have lost less money), I state once again that investing in H2 related stocks is very, very risky. We will not have a H2 economy, too expensive, difficult etc. But few people with no understanding of technology are still pushing for it, though the market is starting to tell us that H2 economy will not happen (look at Plug Power)
PHE has no special tech and has a process anybody can do, it is not rocket science, and a business model where the offtake of the product is shrinking even before the supposed sector "will have an exponential growth".
Sadly, this is developing just as I predicted months ago. Even if the tech would have worked as they state it, it was not that impressive. Then they also tried to lure people that coupling their gasifier and the demand foe H2 (another scam, avoind to invest in the so called H2 economy, you will loose money there as well, just look at plug power in US) or any other product it would have lead to nothing, and that is what happened.
I warned you at 0.22 pound per stock and you tyold me that I understood nothing about tech and economy, and I was laughing at your comments since I know the stuff I talk about...
I said since I came here that after evaluating the tech of the company I realized it had no future and was not worth investment, and in retrospect I was right...
I have said it multiple times and I have been called names here all the time. "H2 economy" is a thing to separate a fool from his/her money. It is sufficient a high school course of physics to understand that H2 economy cannot work (too impractical, too expensive) but the people that run investment firms are the ones who were lousy students and were sleeping during science class, thus every now and then the H2 economy pops up again and fool some investors
I do not know why you people keep on repeating this. If you have plastic and you go the way down to syngas than better use that syngas for making new plastic and do not recover H2 out of that.
The problem is here at 2 levels: 1) tech 2) markets, and the main one (market) is rowing against PHE, so...
I told you months ago that the company had no future, and everything I predicted is happening
I have been ridiculed, called names etc here, but I just wanted to spread some earnest knowledge about the tech and its business case. All that I predicted is happening and I do not see any chance of recover if the current BoD is in place, they are the main culprits. The only issue is that "in theory" without YA the tech cannot work since it is him that is the tech engine of the company but all the others BoD members can go. If YA will let the toy function is another kettle of fish...
Also for you like many other here, the best ever heavy metal album was "Use your illusion" from Guns and roses"?
H2 for vehicle is a dead end, now even for trucks. Despite what PM or whatever other politician can say, H2 as fuel is a dead end, even Shell closed its H2 filling stations and dismantled the "H2 as fuel" unit and fired its employees
People are clueless about what it works and what not in the clean tech, and you look as one of them. As I said, wear a suspender belt and put some lipstick on so when they abuse your corporal cavities to look even deeper for your hidden coins at least you look pretty.
Jokes aside, I do not understand why you keep on telling me I work for Oil and Gas when is definitely not the case, conversely I work on cleantech (and that is why I know what it works and what not, do you want to talk about the huge problems of Siemens Gamesa?)
I do not recap exactly, but I think when I start to write here EQT stock was worth 0,2 per stock, now 0,06, so I be unpleasant when I say something but what I say is accurate and true...
The company had no future back then and it has even less future now, sorry for these 2-3 nice guys that are working there but that is the reality, I suggest them to look already for new jobs...
Company doomed in my opinion
For the ones that here told me that I am with the Oil&Gas industry since I advocate against the use of H2, here again another proof of the contrary: Oil&Gas people are pushing the H2 agenda
https://www.hydrogeninsight.com/transport/exclusive-billionaire-in-waiting-behind-shadowy-hydrogen-heating-lobby-group/2-1-1525976
Is it possible that you are so uninformed on H2 to believe what you states? Everyone that works seriously in the H2 field knows that today more than 95% of H2 is produced by steam reforming, that the green H2 will not come in significant quantities due to a series of technoeconomic constraints and that the ones that pushes for H2 economy are the oil companies because they want to make methane to H2 and sequester a little of CO2 to inject in exhausted oil wells, so they do not have to pay the decommission money of the exhausted oil well. Do you really never seat at a table to negotiate H2 contracts and strategy with big players?
@testpack: I do not work for Oil&Gas, the people pushing H2 as a fuel and pushing e-fuels are the one working for Oil&Gas, so just verfick deinselbe
My only agenda is try to reduce the people that are fooled by companies like this
I am not annoying, I am just stating facts and do back of the envelop calculations and check the H2 market. I am consultant in the H2 market since more than a decade, I know quite a bit in the subject that is why I do not invest any single cent in the H2 market.