IN BRIEF: Powerhouse Energy to provide GBP3.8 million loan for Protos
IN BRIEF: Powerhouse Energy to provide GBP3.8 million loan for Protos Wed, 12th May 2021 21:19 Powerhouse Energy Group PLC - sustainable hydrogen technology company - Agrees to provide up to GBP3.8 million as a loan to Protoss Plastics to Hydrogen No 1 Ltd, the Peel NRE special purpose vehicle. Loan will go towards progressing the development of the Protos plant, the first proposed commercial application of Powerhouse's DMG waste plastic to hydrogen technology. The facility will be available for six months, and the drawdown will be in agreement with the budgeted Protos development cash flow. ...
Source: lse.co.uk