10 January 2012
PowerHouse Energy Group plc("PowerHouse" or the "Company")
Pyromex Receives Second Commercial Order
PowerHouse Energy Group plc is pleased to announce that
Pyromex AG ("Pyromex"), in which the Company has a 30 per
cent. interest and an option to acquire the remaining 70 per
cent, has signed its second commercial sales contract and
received an initial payment for a 5-ton per day ("tpd"),
ultra-high temperature, zero emission gasification reactor
from Primula SRL of Italy ("Primula").
PowerHouse has been advised that the Primula contract is
valued at approximately
€2,000,000 and follows the previous sale of a 5-tpd reactor
in October 2011 to Juno of Italy for the conversion of animal
waste (bone meal) to syngas.
Primula's feedstock of wood clippings will be pelletized and
then gasified using the Pyromex reactor to produce clean
syngas. The pelletizing process increases the wood's energy
density. The produced syngas will fuel a reciprocating engine
to produce electricity from an MWM gas engine with an output
capacity of 500 kWh. Heat exchanged from the engine's exhaust
gas will be used to dry the wood clippings.
Ross Lyndon-James, Executive Chairman of PowerHouse,
said:
"This second sale by Pyromex is further validation of the
broad spectrum of feedstock the system can operate on and
demonstrates the application of the Pyromex reactor for
industrial applications. We congratulate our colleagues at
Pyromex on their commercial success and look forward to the
consolidation of the business, following the exercise of our
option."
Ph: +44 (0) 20 7887 1362
Fax: +44 (0) 121 585 6228
Email: inquire@powerhousegroup.co.uk
David Worlidge/Simon Clements
+44 (0) 20 7628 2200
Nick Lambert / Charles Stewart
+44 (0) 20 7861 3232