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MOU for waste-to-hydrogen facilities in state o...
MOU for waste-to-hydrogen facilities in state o....
About this update from Powerhouse Energy Group Plc
[{"type":"text","content":"\n \n20 September 2017\n\nPowerHouse Energy Group plc(“PowerHouse†or “the Companyâ€)\n\nMOU for waste-to-hydrogen facilities in state of Qatar\n\nPowerHouse Energy Group plc (AIM: PHE), the company focused on ultra high temperature gasification waste to energy and waste to hydrogen systems and the creator of Distributed Modular Gasification (DMG©), is pleased to announce it has entered into a Memorandum of Understanding (MOU) with Energy & Environment Holding (EEH), an independent consulting firm specialising in energy, environment, privatisation, and sustainable development based in Doha, Qatar. \n\nThis MOU has been established to jointly investigate the opportunity of enabling Qatar to establish a network of DMG© systems for the conversion of waste to hydrogen and distribute this low-cost, low-carbon hydrogen through a network of FCV (fuel cell vehicle) filling stations in advance of, and in preparation for, the 2022 FIFA World Cup. Whilst this MOU is not fully binding and there is no certainty it will result in a firm agreement, the Company sees this as a promising step and looks forward to updating the market of its progress.\n\nThe objective of the project is to install a number of low-cost, low-carbon, hydrogen refueling stations in support of potential fleets of hydrogen powered buses, taxis, and other vehicles, thereby enabling Qatar to become a leading promoter of the burgeoning hydrogen economy. The project is expected to be led by the CEO of EEH, Roudi Baroudi, also a member of the PowerHouse Advisory Panel\n\nThe development of the hydrogen economy, in which DMG© has the potential to play a significant role, will expedite the ultimate replacement of hydrocarbon fuels with carbon neutral, sustainable hydrogen as an economical alternative for commercial and consumer transport.\n\nAn early review of the project suggests that approximately 20 DMG© systems in Doha and surrounding areas will provide sufficient hydrogen to supply several thousand cars and buses leading up to, and in support of, the 2022 FIFA World cup.\n\nPowerHouse and EEH anticipate the set up of a JV company in which EEH (or a wholly owned subsidiary or other appropriate Qatari partner) will hold 51% of the equity and be responsible for the acquisition of suitable land, obtaining relevant permits, licenses or approvals fr...