Hydrogen Utopia Intl - Enhancement of chemical conversion chamber design
RNS Number : 9678G
Hydrogen Utopia International PLC
04 April 2022
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATESAUSTRALIACANADAJAPAN, OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

 

4 April 2022

Hydrogen Utopia International PLC

 (the 'Company' or 'HUI')

 

HUI to enhance Electron's chemical conversion chamber design and integration

 

Hydrogen Utopia International LC (AQSE:HUI), a company pioneering non-recyclable waste plastics to hydrogen technology, in May 2021 commissioned Electron Thermal Processing B.V. ("Electron") to design a chemical conversion chamber which will comprise the heart of an HUI waste plastic to hydrogen facility. HUI has recently tasked Linde Engineering to provide engineering guidance and advice by assessing the interfacing of the kiln and synthesis gas designs. Where necessary or desirable, improvements will be suggested to enhance the potential performance, longevity and/or integration of a complete HUI waste plastic to hydrogen facility. Furthermore, Linde Engineering will help facilitate the fabrication and commissioning of a fully integrated HUI waste plastic to hydrogen plant.

 

Keith Riley, Technical Director of HUI, commented:

 

"This collaboration is essential for finalisation of the chemical conversion chamber design and its integration within the overall HUI waste plastic to hydrogen facility. It provides us with a high level of engineering comfort on the whole project."

 

Aleksandra Binkowska, CEO of HUI, commented:

 

"We are delighted that Linde Engineering continues to advise the team - enabling us to install a fully optimised and integrated HUI facility as rapidly and smoothly as possible."

 

For more information about the Company, please refer to our website: www.hydrogenutopia.eu

 

For further information please contact:

 

Hydrogen Utopia International PLC

Aleksandra Binkowska/Guy Peters                

+44 20 3811 8770     

 

Alfred Henry Corporate Finance Limited (AQSE Corporate Adviser)

Jon Isaacs                                                                   

+44 20 3772 0021

                                                                                                                               

Novum Securities Limited (Broker)                                                                    

Jon Belliss/Colin Rowbury                              

+44 20 7399 9400                                                                                                

 

 

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. 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.

 

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NEXEAELFEFLAEFA ]]>