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Powerhouse Energy shares rise 16% after offer

12:20, 6 September 2021

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Recycling plant
Attendant before a re-cycling plant - Photo: Shutterstock

Linde has declared an intentsion to buy an interest in Powerhouse, a specialist in providing recycled hydrogen-based products from waste plastics, resulting in a 16% lift in the company’s share price.

The AIM-listed firm, which is based in the west Yorkshire town of Bingley, has confirmed interest from the global industrial gases and engineering company, to deploy syngas clean-up and hydrogen production extraction details.

Polish development project

Along with Hydrogen Utopia International, Linde has entered discussions to develop a plant in Konin, Poland with the intention to use Powerhouse Energy Group’s expertise.

Further details will be made available at an appropriate time.

Read More: Eurozone manufacturing surge adds pressure on prices

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