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Powerhouse Energy and Hydrogen Utopia International sign agreement

Powerhouse Energy and Hydrogen Utopia International sign agreement

Powerhouse Energy Group has signed a non-binding Heads of Terms with Hydrogen Utopia International (HUI) for its DMG® technology, which converts waste plastic into syngas and/or hydrogen, to be licenced in Poland.

The UK-based company signed the agreement with a view of granting HUI an exclusive non-transferable licence for the application of its DMG® technology in the country.

In a statement, Powerhouse Energy said the use of the technology will be subject to a formal agreement being reached between the two companies.

Tim Yeo, Chairman of Powerhouse Energy Group, said, “We are delighted to have signed Heads of Terms with HUI.  Powerhouse look forward to working with HUI on the potential use of our DMG technology being rolled out in Poland.”

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