PowerHouse Energy Group has announced its plans to acquire Waste2Tricity, a UK-based energy-from-waste company.
The acquisition follows a collaboration agreement between Waste2Tricity, PowerHouse Energy and Peel Environmental to develop 11 waste plastic to hydrogen facilities across the UK.
The newly combined company will see each site generate substantial licencing and engineering services revenue for the plastic parks and predicts the that the UK can support between 100 and 200 sites nationwide.
“We welcome this acquisition by PowerHouse Energy, with whom we have worked closely over a number of years,” said John Hall, Managing Director of Waste2Tricity.
“This acquisition means the combined business can focus on the worldwide marketing of this revolutionary technology and we believe there is potential for several 1000’s of systems producing electricity in South East Asia and Japan alone, where Waste2Trcity has been in active discussions for the last two years through our branch office in Tokyo and subsidiary W2T Thailand.”