Hydrogen Utopia Intl - Appointment of CFO
RNS Number : 6929H
Hydrogen Utopia International PLC
08 April 2022
 

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8 April 2022

Hydrogen Utopia International PLC

(the 'Company' or 'HUI')

Appointment of CFO

 

Hydrogen Utopia International PLC (AQSE:HUI), a company pioneering non-recyclable waste plastics to hydrogen technology, is pleased to announce the appointment of James Nicholls-May, FCCA as Chief Financial Officer with immediate effect.

 

James, a Management and Mathematics graduate from the University of Sheffield, was latterly Head of Finance at ASL Global, a global marketing services group comprising some 55 entities and previously he was European Finance Manager for Airways Aviation Academy Limited. He trained as an accountant with Enstar, a leading global insurance group specialising in claims management. James replaces Alex Groves who has left to pursue other interests.

 

 

Guy Peters, Chairman of HUI, commented:

"James is a vital recruit to our team, bringing excellent global reporting expertise and significant financial modelling skills that will be essential to the growth of our business."

 

 

The Directors of the Company take responsibility for this statement.

 

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.

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