Business
Half-yearly Report
Half-yearly Report.
About this update from Powerhouse Energy Group Plc
[{"type":"text","content":"\n \n30 September 2014\n\n PowerHouse Energy Group plc \n\n (\"PowerHouse\", the \"Group\" or the \"Company\") \n\n Interim results for the six months ended 30 June 2014 \n\nPowerHouse Energy Group plc, (AIM: PHE) announces its unaudited results for the\nsix months ended 30 June 2014.\n\nChairman's Statement\n\nThe first six months of FY2014 have allowed us to engage in a number of\ncommercial, technical and organizational advancements for the Company.\n\nIn the six months ended 30 June 2014, the Group incurred an unaudited loss\nbefore and after taxation of $547,567 (2013: $403,707).\n\nThe integration of the Pyromex companies, the purchase of which was completed\nin August 2013, into PowerHouse has continued in the period under review. The\nteam we have created through the acquisition has achieved new technical\nmilestones with the testing, thermal cycling and commissioning of our nominal 5\ntonne per day (tpd) unit in Schwartzenbach Switzerland. This facility has\ncontinued to generate significant commercial interest; the team has hosted\nseveral dozen interested parties in utilizing the technology for the creation\nof syngas and the conversion of that syngas into electricity. We have\ndemonstrated the Ultra High Temperature Gasification process of converting\nmultiple waste streams into clean synthesis gas on multiple occasions.\n\nWe have continued to operate \"under the radar\" as we have begun the front-end\nengineering and design of various feed systems to integrate with our reactor\nand identifying the ideal mechanisms for the conversion of our gas into both\nelectricity and synthetic natural gas - through a catalytic process. Given the\nchallenges facing the Continental natural gas supplies and some of the\ngeopolitical problems we are beginning to see in eastern Europe, we realize\nthat the inexpensive conversion of our synthesis gas into artificial natural\ngas (through a straight-forward Nickel catalyst conversion) - which can be\ndelivered directly to the main natural gas infrastructure in any country - in\nmany cases, may provide greater economic advantages for our customers than the\nsimple generation of electricity.\n\nThe first six months of 2014 have allowed us to work more closely with\npotential customers. During this process we have been broadening our\nunderstanding of our customers' needs and the entire c...