Source - Alliance News

Powerhouse Energy Group PLC on Friday said its patent application for the ‘Method & Apparatus for the Treatment of Waste Material’ will be granted by the European Patent Office on October 11.

The Bingley, England-based non-recyclable waste-to-energy conversion firm said the patent relates to the control of heading waste within a thermal conversion chamber to produce synthesis gas. The firm’s ‘DMG’ technology converts waste plastic into hydrogen.

The firm noted that it expects the UK and Europe to become important markets for its services, so ‘the granting of patent protection in these territories is therefore an important step for the company’.

It said it is in discussions with clients that require a waste solution and are looking to reduce their reliance on fossil fuels.

The company is also progressing with patent applications in other regions including the UK.

Chair Antony Gardner-Hillman said: ‘I am delighted by this news, which justifies the hard work put into the application, and into the development of the technology preceding that, by the very skilled PHE team.

‘This will be the first patent to be granted to the company. It provides significant protection for the DMG technology that differentiates PHE from others in the waste-to-energy sector. It is fitting that this patent has been granted while we fit out the Powerhouse Technology Centre in Bridgend.’

Powerhouse shares rose 0.9% to 0.51 pence each on Friday morning in London.

Copyright 2023 Alliance News Ltd. All Rights Reserved.

Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJ Bell logo

Related Charts

Powerhouse Energy Group PLC (PHE)

-0.05p (-4.55%)
delayed 18:07PM