Framework Services agreement with Petrofac
Wed, 22nd Feb 2023 07:00
RNS Number : 6321Q
Powerhouse Energy Group PLC
22 February 2023
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
22nd February 2023
Powerhouse Energy Group Plc
(the "Company" or "PHE")
Framework Services agreement with Petrofac
Powerhouse Energy Group Plc (AIM: PHE), a company pioneering integrated technology that converts non-recyclable waste into low carbon energy, is pleased to announce that it has entered into a Framework Services Agreement ("Agreement") with Petrofac Facilities Management Limited, a subsidiary of Petrofac (LSE: PFC) ("Petrofac"), a leading international service provider to the energy industry. Under the agreement the Petrofac will provide engineering design and supply chain development services on PHE's pipeline of projects, including the Plastics to Hydrogen project at Protos.
Peel NRE Ltd has also confirmed Petrofac as the preferred delivery partner for the proposed construction of the facility at Plot 10b, Protos Energy Park.
Further details on future projects undertaken by PHE will be released as these develop.
Tony Gardner-Hillman, Chairman of PHE commented:
"We are delighted to announce this Agreement, in relation to which PHE will be working with Petrofac to complete the design engineering of PHE's projects. Petrofac is a renowned operator with extensive expertise in the energy space and we look forward to a long and successful relationship."
Keith Riley, Acting Chief Executive Officer of PHE, commented:
"Signing the Framework Agreement with Petrofac is a very important step for PHE in the intended rollout of its projects. The Agreement allows the two companies to work closely together and brings, to our projects, a significant depth of knowledge and breadth of skills within Petrofac as well as its extensive experience in the market, particularly with the supply chain. I think the way we have set up this Agreement brings an exceptional partner on board to take forward our projects
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