Hydrogen Utopia Intl - Publication of Research
RNS Number : 2717Y
Hydrogen Utopia International PLC
13 January 2022
 

 

13 January 2022

Hydrogen Utopia International PLC

 (the 'Company' or 'HUI')

 

Publication of Research

Hydrogen Utopia International PLC, a company pioneering non-recyclable waste plastics to hydrogen facilities, incorporating Powerhouse Energy Group plc's DMG® technology, is pleased to inform shareholders that a research note on the Company has recently been published.

The research can be found at:  https://www.progressive-research.com/company-coverage/hydrogen-utopia-international-plc/ and will be available on the Company's website in due course.

For further information please contact:

Hydrogen Utopia International PLC

Aleksandra Binkowska/Guy Peters                          +44 20 3811 8770    

 

About Hydrogen Utopia International PLC

 

HUI aims to become one of the leading new European companies specialising in turning non-recyclable mixed waste plastic into carbon-free fuels, new materials or distributed renewable heat.

 

A HUI facility uses non-recyclable mixed waste plastic as feedstock and turns it into syngas from which new products and energy can be produced. HUI anticipates that its revenues will be derived from a variety of sources, dependent upon location and configuration of the HUI facilities, including the sale of syngas, hydrogen and other gases, electricity and heat sales, and the payment to it of fees for a given quantity of non-recyclable mixed waste plastic received at a HUI facility.

 

HUI will target areas where there is significant private sector interest or potential, financial backing is accessible and or where substantial EU and/or government funded sources of grants and loans are or may be available, such as but not limited to the EU's "Just Transition Fund" which was set up to help fossil fuel dependent communities transition towards climate neutrality. The global increase in fossil fuel-based energy prices reinforces the need for alternative, price competitive energy sources, which HUI's business model can provide.

 

HUI's initial strategic focus is to work closely with Powerhouse Energy Group plc to create a project pipeline of HUI facilities. HUI will concentrate its marketing and promotion of HUI facilities on the European Continent in order to unlock significant value for current and future HUI shareholders. HUI also intends to explore opportunities across several industry verticals and, in due course, other non-European jurisdictions (excluding the UK). 

 

The pressing need to deal with growing amounts of waste plastic combined with a real momentum in the use of hydrogen from renewable sources may pave the way for a rapid deployment of and investment in HUI facilities.

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