PowerHouse, an alternative energy company specialising in the manufacture and sale of zero emission waste-to-energy equipment systems, has taken over German-operated Pyromex Holding.
PowerHouse paid £2.5m for the acquisition of the remaining 70% of the company. The deal has potential for a further consideration of £30.5 million dependent on the achievement of the profit targets of the parent company.
Pyromex has developed a zero emission, ultra-high temperature waste-to-energy gasification technology which is used for converting a wide range of waste materials to energy without any emissions.
PowerHouse announced the successful generation of synthesized gas from the 25 ton per day Pyromex zero emission, ultra-high temperature gasification (UHTG) plant in Munich, Germany on 27 July 2011. The Pyromex system uses feedstock from municipal waste (refuse derived fuel) and converts the waste to syngas with no emissions.
Syngas can be used as fuel to drive an engine or turbine for electrical power generation, or through a subsequent process, it can be reformed as a cleaner diesel or jet fuel.