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PowerHouse Energy Group #PHE – Notice of Annual General Meeting

The Company announces that the Notice of its Annual General Meeting (AGM) and proxy card have been posted to shareholders and will shortly be available to view on the Company’s website: www.powerhouseenergy.net.

The AGM will be held on Friday 27 July 2018 at 11.00am at the offices of WH Ireland at 24 Martin Lane, London EC4R 0DR.

For more information, contact:

PowerHouse Energy Group plc                                       Tel: +44 (0) 203 368 6399
Keith Allaun, Chief Executive Officer

WH Ireland Limited (Nominated Adviser)                 Tel: +44 (0) 207 220 1666
James Joyce / Chris Viggor

Turner Pope Investments Ltd (Joint Broker)             Tel: +44 (0) 203 621 4120
Ben Turner / James Pope

Ikon Associates(Media enquiries)                                  Tel:    +44 (0) 1483 271291
Adrian Shaw                                                                            Mob: +44 (0) 7979 900733

About PowerHouse Energy

PowerHouse Energy has developed a proprietary process technology called DMG® which can use waste plastic end-of-life-tyres and other waste streams to convert them into cost efficient energy in the form of electricity and ultra clean hydrogen gas fuel for use in cars and commercial vehicles (FCEV: Fuel Cell Electric Vehicles) and other industrial uses. The PowerHouse technology is the world’s first proven, modular hydrogen from waste (HfW) process.

The PowerHouse DMG® process can convert 25 tonnes of waste plastic into 1 tonne H2 per day and 28 MWh per day of electricity.

The PHE process produces low levels of safe residues and requires a small operating footprint, making it suitable for deployment at enterprise and community level.

PowerHouse is quoted on the London Stock Exchange’s AIM Market. The Company is incorporated in the United Kingdom.

Statista: The Countries Importing the World’s Plastic Waste – The Impact of China’s decision to stop importing plastic waste

Article by Martin Armstrong, Statista 

Last year, China announced it will no longer be importing plastic waste into the country and as new analysis shows, that’s a huge problem for the rest of the world. From 1988 to 2016, China imported 171 million metric tons of this surprisingly valuable commodity. With a total trade value of $81 billion, that’s 72% of all imported plastic waste over this time period.

Despite a big push recently from some governments to reduce consumption, the scale of the world’s plastic waste is huge and will remain so for some time. Until this changes, a lot of countries will have to make new plans for their disposal or, alternatively, make plans to fill the massive void in the market that’s been left by China.

Brand CEO Alan Green discusses #PHE, #CTEA, #GEMD & #EUZ with Justin Waite on the Vox Markets podcast

Brand CEO Alan Green discusses Powerhouse Energy #PHE, Catenae Innovation #CTEA, Gem Diamonds #GEMD & Europa Metals #EUZ with Justin Waite on the Vox Markets podcast. The interview is 19 minutes 30 seconds in.

The Death of the Plastic Straw – National Geographic

It’s a growing trend: Hotels, resorts, safaris, and cruises are increasingly banning plastic straws.

Plastic straws jut from cocktails at a resort on the island of Nosy Mitsio, Madagascar. Hotels and resorts are increasingly banning single-use plastics like these straws.
PHOTOGRAPH BY TOMMASO BONAVENTURA, CONTRASTO/REDUX

This story is part of Planet or Plastic?—our multiyear effort to raise awareness about the global plastic waste crisis. Learn what you can do to reduce your own single-use plastics, and take your pledge.

In 2015, a disturbing video of an olive ridley sea turtle suffering from a plastic straw stuck in its nose went viral, changing many viewers’ attitudes toward the plastic tool that is largely a convenience for most people.

But how can the plastic straw—a diminutive item used briefly before being thrown away—cause so much damage? For starters, it easily finds its way into oceans due to its lightweight nature. Once there, it does not biodegrade. Instead, it slowly fragments into smaller and smaller pieces known as microplastics, which are frequently mistaken for food by marine animals.

Secondly, it can’t be recycled. “Unfortunately, most plastic straws are too lightweight to make it through mechanical recycling sorters, so they end up in landfills and waterways and, eventually, our oceans,” explains Dune Ives, executive director of Lonely Whale. The nonprofit facilitated the successful Strawless in Seattle marketing campaign supporting the Strawless Ocean initiative.

In the United States, we dispose of millions of plastic straws each day. In the U.K., at least 4.4 billion straws are estimated to be thrown away annually. Hotels are some of the worst offenders: Hilton Waikoloa Village, which became the first resort on the island of Hawaii to eliminate plastic straws earlier this year, used more than 800,000 straws in 2017.

Of course, straws are just part of the monumental waste that goes into our oceans. “Over the last 10 years, we have produced more plastic than in the whole of the last century, and 50 percent of the plastic we use is single-use and is immediately thrown away,” says Tessa Hempson, operations manager for Oceans Without Borders, a newly launched foundation from luxury safari company &Beyond. “One million seabirds and 100,000 marine mammals are killed annually from plastic in our oceans. Forty-four percent of all seabird species, 22 percent of whales and dolphins, all sea turtle species, and a growing list of fish species have been documented with plastic in or around their bodies.”

But now, the plastic straw has finally started to become an endangered species itself, with some cities in the United States (Seattle, Washington; Miami Beach and Fort Myers Beach, Florida; and Malibu, Davis, and San Luis Obispo, California) banning them, and some countries limiting single-use plastic items, which include straws. BelizeTaiwan, and England are among the latest countries to propose bans.

Still, a company doesn’t have to wait for the government to institute a ban before implementing one on its own. Soneva banned straws in 2008, and Cayuga has been using bamboo straws since 2010. Hotels like these have paved the way for a movement and the travel and hospitality industries are finally starting to catch on.

Hotel brands initiating plastic straw bans include Four SeasonsAccorHotels North and Central America, Marriott International in the U.K., EDITION hotels, the Doyle CollectionSix SensesTaj Hotels Palaces Resorts SafarisExperimental Group, and Anantara. Cruise lines and tour companies including CarnivalHurtigrutenPeregrine Adventures, and Coral Expeditions have reduced or eliminated their use of plastic straws on their ships. And luxury safari companies like &Beyondand Wilderness Safaris are both working toward removing plastic straws from their lodges.

While individual actions can have a significant impact on the enviornment and influence in the industry, a ban from a single hotel chain can remove millions of straws in a single year. Ananatra and AVANI estimate their hotels across Asia used 2.49 million straws in 2017 and AccorHotels estimates using 4.2 million straws in the U.S. and Canada last year as well.

“Plastic straws are one of the worst offenders in terms of plastic pollution. By putting in alternatives and eliminating their use across &Beyond’s lodges, we are doing our part to keep plastic out of the oceans,” says Hempson.

While not using a straw is best, some people prefer them or need them, like those with disabilities or sensitive teeth or gums. If you want to use a straw, reusable metal or glass straws are ideal. Final Straw, which claims to be the first collapsible reusable straw, is currently raising funds through Kickstarter.

Hospitality brands eliminating plastic straws have looked to various disposable alternatives. Paper is popular, with many U.S. establishments using Aardvark to supply American-made, FDA-approved straws that take 30 to 60 days to decompose. Another choice is compostable straws made from PLA (polylactic acid), a plant-based bioplastic made from materials like cornstarch instead of petroleum. These straws are compostable under the proper conditions but do not break down in water.

A more creative option is uncooked pasta, which is currently being used at Paradise Cove Beach Café in Malibu and tested by Terranea Resort in Rancho Palos Verdes, California. At the Taj Exotica Resort & Spa, Andamans, bamboo straws and stirrers are used.

And some establishments are using actual straw as straws, just like when straws first came into use. The Mandrake Hotel in London offers straws made from rye stems, which they get from German company Bio-Strohhalme.

“Most people just don’t think about the effects the simple act of reaching [for] or accepting a plastic straw has on their lives and the lives of generations to come,” says David Laris, chief creative officer and chef at Cachet Hospitality Group, which does not use plastic straws. “The hospitality industry has an obligation to begin reducing the amount of plastic waste it generates.”

Devorah Lev-Tov is a food and travel writer based in Brooklyn; find her on Instagram @devoltv.

Britain faces EU lawsuit and huge fines over illegal air pollution – The Telegraph

By James Crisp, Brussels correspondent

Britain will be hit with European Commission legal action for persistently ignoring EU rules on deadly air pollution, a breach which could result in huge fines from the bloc’s highest court.

The Telegraph has learnt that Britain is among the worst offending member countries that will be hit by new “infringement proceedings” and referred to EU judges in Luxembourg at the end of April.

The majority of infringement proceedings, used to ensure adherence to EU law, are resolved before the commission takes the step of referring the case to the lower General Court of the EU.

Which countries are to be targeted by the regular cycles of lawsuits are a closely-guarded secret but the Telegraph understands the UK is in the commission’s crosshairs after missing air quality targets for the last eight years.

If the UK still doesn’t curb harmful pollutants, which are linked to 400,000 early deaths in the EU and 40,000 in Britain every year, it could ultimately face either a large lump sum fine and a daily penalty in the European Court of Justice.

The exact sum is recommended by the European Commission, which is leading the Brexit negotiations on behalf of the EU, but is likely to cost the British taxpayers millions of pounds.

EU air quality rules demand countries cut exposure to harmful fine particulate matter, such as microscopic specks of dust and soot caused by burning petrol. There are also caps on emissions of particulate matter, ozone and nitrogen dioxide.

Breathing in the particulates can cause respiratory illnesses such as asthma and heart disease, especially in children.

While 23 of the bloc’s 28 member states fall short of the rules, Britain is among the worst offenders.

At the end of January, EU Environment Commissioner Karmenu Vella called a meeting of ministers from the UK, Czech Republic,  Germany, Spain, France, Italy, Hungary, Romania and Slovakia in Brussels.

The commission said the summit was to give the countries a last chance to prove they were serious about taking the steps to bring them into line with the rules.

On Monday, Mr Vella told MEPs in the European Parliament’s environment committee that a number of countries had failed the test.

“We will go ahead and refer these member states to the Court,” the Maltese commissioner said, “We have to take action.”

Without naming the countries, Mr Vella said he would ask that all EU commissioners back his recommendation at their weekly meeting at the end of April.

If they, as expected, back the call it will be the latest embarrassing humiliation for the British government over air pollution.

The government has already made legal history by losing three landmark cases in three years over air pollution to ClientEarth, a NGO of environmental lawyers.

Ugo Taddei, a ClientEarth lawyer, said taking Britain to the European Court of Justice was the only logical step for the commission.

“Our success in the UK’s High Court confirmed that the government is failing to comply with air quality laws – it would be remiss of the environment commissioner to falter now. The UK has had too many chances,” he said.

The most recent defeat was in the High Court in February and means ClientEarth can take the government back to court if it prepares an action plan to reduce pollution that does not go far enough.

The judge said the government’s plan to tackle pollution was “flawed” and “unlawful”.

A joint report by four select committees called for significant improvements to the 2017 Air Quality Plan. The unprecedented joint inquiry branded British air pollution a “national health emergency” and were scathing about the plan.

London broke its annual air pollution limits in February, just 31 days into 2018.

On 19 March this year, campaigners for a group called Stop Killing Londoners were arrested after spraying slogans on offices of London mayor Sadiq Khan.

European cities, such as France, are increasingly turning to free public transport to cut air pollution.

Find the original Telegraph article here

Powerhouse Energy #PHE – Redleaf EV seminar – Which fuel can win

The third speaker at the Redleaf Investor Conference, Keith Allaun the Chief Executive Officer at Powerhouse Energy Group discusses “The role of fuel cells” – talking specifically about the comparison between Hydrogen as a fuel and Electricity, consumer habits and how the cost of production is now much lower.

EU warms up to plastic waste ‘recycling’ as transport fuel – Euractiv

Environmental groups claim so-called “Plastic-to-fuels” distort the concept of renewable energy, and is “inconsistent with EU circular economy and climate policies”. [John Jones / Toolstotal]

A proposal to use non-recyclable plastic waste in the production of transport fuels is picking momentum among EU member states and legislators in the European Parliament, despite warnings from environmentalists.

Old plastic materials that cannot be recycled because they contain too much “impurities” could find a final incarnation in car’s combustion engines, campaigners have said, warning of “a dangerous precedent”.

“It’s very controversial as it could create a precedent for including fossil-based fuels in the renewables and climate policy,” said Janek Vahk, a campaigner at Zero Waste Europe, an environmental campaign group.

“Moreover, it could undermine countries efforts to address the issue of plastic recyclability,” Vahk said.

Waste-based fossil fuels

In its proposal for a revised renewable energy directive, the European Commission listed “waste-based fossil-fuels” among the non-recyclable waste that can be converted into energy, such as renewable electricity or transport fuels.

“‘Waste-based fossil fuels’ means liquid and gaseous fuels produced from waste streams of non-renewable origin, including waste processing gases and exhaust gases,” the Commission said in its original proposal.

An amendment introduced by the European Parliament in a subsequent plenary vote in Januaryfurther fleshed out the proposal by adding waste “produced from solid waste streams” to the definition – in other words, plastics.

The idea is now picking up steam in the EU Council of Ministers, with four member states – the UK, Finland, the Netherlands and the Czech Republic – backing the plan. It gained further momentum after China’s decision to ban all imports of plastics and other recycled waste from Europe and other countries.

But environmental groups are worried and have written to EU legislators saying they were “deeply concerned” about the inclusion of plastics within the definition of renewable fuels.

“We believe that this inclusion is a harmful distortion of the concept of renewable energy, and inconsistent with EU circular economy and climate policies,” reads a letter written by a coalition of environmental groups, sent to EU legislators on 2 May.

“Fuel production from non-renewable solid waste such as plastics is equivalent to the use of fossil sources, and therefore the opposite of renewable energy,” the coalition said.

Extra safeguards considered

Ambassadors from the 28 EU countries are meeting on Tuesday (8 May) to discuss the amended renewable energy directive.

But some members of Parliament are now having second thoughts. “They realise now that this approach could pose some problems and are looking for some safeguards,” Vahk said.

Bart Martens, an aide to Belgian MEP Kathleen Van Brempt, who helped draft the amendment voted on in plenary, said the introduction of waste-based fossil fuels in the renewables directive was always part of the plan.

“The only thing that Parliament did was adding extra safeguards to ensure this respects the waste hierarchy” and prevents unrecyclable plastic waste ending up in incinerators, Martens told EURACTIV, reminding that the compromise amendment was approved by a large majority of political groups in Parliament.

“The idea was to prevent incineration,” the aide explained, saying “a lot of CO2 emissions” can be avoided if non-recyclable plastic waste can be used as transport fuel. “The CO2 savings are potentially very large. The carbon life cycle shows it’s positive for the environment.”

“Of course, it’s up to the negotiators to find a middle ground to ascertain that the waste hierarchy is respected,” Martens added, saying legislators could decide to “rephrase” the definition if necessary.

Martens also insisted that “recycled carbon fuels” will not be counted as renewable energy under the revised EU directive. “They are only included in the blending obligation as an extra way to decarbonise the transport sector” – in particular aviation or shipping, where electrification is more difficult, he told EURACTIV.

A preferable option would have been to include “recycled carbon fuels” under the Fuel Quality Directive, but no revision was foreseen there, Martens further explained. So EU legislators “opted for a more pragmatic approach” by including them under the revised renewable energy directive.

Link here to full article on the Euractiv

Powerhouse Energy #PHE – World Waste to Energy and Resources Summit

Powerhouse Energy #PHE CEO Keith Allaun will be joining an amazing line up of 60 world-class speakers at the forthcoming World Waste to Energy & Resources Summit

Held in London, May 23rd & 24th 2018 this years event brings together a host of international waste management CEO’s, innovators, tech providers, bankers, industrial end users and investors for two days of intensive networking.

This years summit places a firm focus on advanced technologies, highlighting the need for innovation in order to stimulate the worldwide growth of the industry. It will showcase some of the most exciting technologies and innovations currently transforming the waste to energy/resources market.

A member of this year advisory board, Powerhouse CEO Keith Allaun will be delivering a speech on “Innovation in Action: Demonstrating the Potential of Advanced Conversion Technologies” during day one. The Powerhouse Energy Group are a supporting partner of this years event increasing their profile as a senior influencer and thought leader in the market.

Other highlights of the event include:

  • The role of waste to energy in the transition to a low carbon economy
  • Alternative financing mechanisms
  • The build-out of projects in international markets
  • The production of high-value fuels and chemicals from waste
  • 60 world-class speakers

This years event has also put in place a 1:1 meeting software to allow for pre-arranged meetings to be made, allowing you to maximise your networking potential.

For more information click here

Why I might be prepared to give Powerhouse Energy another chance – Gary Newman of ShareProphets

Powerhouse Energy (PHE) is a company which I have previously been very negative on, and rightly so given its performance over the past few years. The company specialises in waste-to-energy production, either in the form of generating electricity or producing hydrogen for fuel cells, but in the past its gasification technology has failed to really take off in the way that investors had hoped.

It had also been debt-ridden in the past, with lender Hillgrove holding a debenture over the assets of the company, but back in February 2017 it managed to raise £2.5 million, which was enough to settle the outstanding £2 million that it owed and it is now debt-free and looks to be in a healthier position. A remaining amount owed to Hillgrove was settled via shares at 0.5p at the end of January. Whilst I wouldn’t exactly be rushing to put my life savings in here, I do like the idea of the technology and if it is able to deliver this time around than I can see upside potential, especially considering the sector in which it is operating. But whether it can prove that it really has turned things around now still remains to be seen.

Powerhouse certainly does seem to be making progress though, with an extended trial of its G3-UHt gasification unit, with old tyres being used to produce syngas that contained in excess of 50% hydrogen, and no carbon di-oxide. Testing has now been underway for more than six months and the unit has been performing as expected with a feedstock of plastics, and it will now be hooked up to the micro electrical grid at Thornton Science Park to see how it handles supporting its heating and power plant.

As long as everything goes to plan with the testing, and the company is able to prove that there is demand for the product, which hasn’t been evident in the past with previous systems, then it could have timed things just right when it comes to getting these units into production. Waste plastic is a hot topic at the moment and a lot of time and money is going into finding ways to deal with this problem. The beauty of the Powerhouse units is that it will actually get paid – typically between £50-£90 per tonne – to take plastic, and at the other end will then be able to sell the electricity produced, or eventually the hydrogen fuel.

Hydrogen fuel is still at a relatively early stage, but it looks set to really take off as EU countries look to convert more vehicles over to run on hydrogen – for example, out of the 8,500 buses in London, currently only 23 run on hydrogen, and there is also interest in converting lorries and other forms of transport as well.

It isn’t just the EU that is looking to go down this route, and Powerhouse currently has a non-binding memorandum of understanding with Qatar to look into providing these systems to provide fuel for filling stations catering for fuel cell vehicles ahead of the World Cup in 2022. Although I wouldn’t put too much trust in a MOU at this stage, as often for these smaller companies they aren’t worth the paper they are written on, and the potential for any deals still remains to be seen.

In terms of the economics, the company estimates that a single site can process at least 25 tonnes of plastics per day – and as much as 100 tonnes potentially – and that would produce hydrogen worth £5,000 per day, plus a minimum of £2,000 per day to take the plastic, so that would give annual revenue of at least £2.5 million per site. It is also working alongside Waste2tricity Limited and has developed a ‘CORE’ version of its system, with Powerhouse receiving a 20% licence fee from any units sold, alongside any revenue from its participation in these ventures.

The company doesn’t burn through excessive amounts of cash when compared to other similar sized companies, at typically around £70,000 per month, and salaries don’t appear to be particularly high. The last set of annual accounts for 2016 showed that CEO Keith Allaun took a salary of just £66,000. The risks here are that the company won’t be able to sell any of its units, nor be able to expand rapidly enough to take advantage of this market as it grows quickly in the coming years even if it does manage some sales. There is also always a danger of better technology being launched by its competitors, as this looks set to be a huge market in the future.

On the positive side though, if it can finally prove that there is market demand for its product, then there is plenty of potential for it to grow. I view this company as very speculative, in a similar way to investing in any very early stage technology often is, and this market is still very much in its infancy. Currently it is valued at around £7.6 million at a share price of 0.52p, and I can see potential for anyone who likes the idea of the technology, or who usually invests in higher risk oil and mining companies, and is looking for something a bit different but with similar levels of risk. It was one of my picks in the recent Dragons Den sessions at the UK Investor Show.

Read the full ShareProphets article here

Looking forward to Master Investor 2018

We’ll be at Master Investor 2018 tomorrow. Look forward to seeing Cadence Minerals #KDNC, VectorVest and Dr David Paul, Powerhouse Energy #PHE, Vox Markets, Core Finance TV, Share Talk, Crowd for Angels plus many other friends and colleagues.

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