With a capital raise live on VCEX, National H2 has signed a technology agreement with Powerhouse Energy Group (LON:PHE), which gives it rights to use its patented Distributed Mobile Generation (DMG) technology in Australia, New Zealand, Papua New Guinea, Singapore and Malaysia.
Powerhouse has already completed the feasibility study for the first plastic-to-hydrogen plant, which National H2 has launched capital raise on VCEX to finance the next stages of developing the site in West Mundijong, Western Australia.
The plant is expected to be operational in the first half of 2024, producing over 1,200 tonnes of hydrogen per year and generating $6 million plus in revenue.
In Q3 CY24, National H2 anticipates it will have three more operational hydrogen plants in Western Australia, New South Wales and Singapore, using the Powerhouse technology.
Each unit is estimated to produce over 1,200 tonnes of hydrogen per annum and has the potential to generate over $8 million in annual revenues with an IRR greater than 20%.
Internationally accredited registrar and classification society, DNV, conducted a feasibility study on the DMG units, which provides third-party verification of the technology.
With 3.5 million tonnes of waste plastic available there is enough to supply feedstock for 200 DMG units in Australia, while Singapore has enough plastic for a further 40.
The world’s plastic pollution is growing significantly year-on-year with no viable solution available, placing National H2 in a strong position for rapid, sustainable growth; scalable across global markets.
As the feedstock per unit is 14,400 tonnes per annum, any region with a population of around 120,000 people would supply enough non-recyclable waste plastic for one unit.
Units can be sized to match the energy a customer requires or the amount of non-recyclable plastic feedstock available.
Modular units can be custom-fit to produce either syngas or hydrogen, depending on customer needs.
Invest now, so you do not miss out on this rare opportunity that gives seed-level access to a Company with plans to build over 240 hydrogen plants across the APAC region. All relevant information about the offer can be found on National H2's capital raising platform and share registry VCEX — including the Information Memorandum — where all investments must be made.
The offer is mainly for sophisticated or professional investors, with 20 spots available for retail investors.
The minimum investment is $10,000, with interviews available on request for investments of $25,000 and over.