Powerhouse Energy has concluded its discussions with Peel NRE Ltd and has assumed full ownership and control of the Protos plastics to hydrogen project. It has acquired the entire shareholding in the project special purpose vehicle for a nominal £1 and Peel will terminate its exclusivity on Powerhouse’s DMG technology in the UK. The move gives Powerhouse full control of the project allowing it to move forward with development and financing, with the next critical milestone being the securing of ....
02 May 2023
Powerhouse Energy - Full Ownership of Protos Assumed
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Powerhouse Energy - Full Ownership of Protos Assumed
Powerhouse Energy Group PLC (PHE:LON) | 1.0 0 0.0% | Mkt Cap: 43.7m
- Published:
02 May 2023 -
Author:
Adam Forsyth -
Pages:
3
Powerhouse Energy has concluded its discussions with Peel NRE Ltd and has assumed full ownership and control of the Protos plastics to hydrogen project. It has acquired the entire shareholding in the project special purpose vehicle for a nominal £1 and Peel will terminate its exclusivity on Powerhouse’s DMG technology in the UK. The move gives Powerhouse full control of the project allowing it to move forward with development and financing, with the next critical milestone being the securing of ....