Hydrogen Utopia Intl - U.S. Roadshow
RNS Number : 3100W
Hydrogen Utopia International PLC
17 August 2022
 

 

17 August 2022

Hydrogen Utopia International PLC

(the 'Company' or 'HUI')

 

HUI Roadshow in the U.S.

 

Hydrogen Utopia International PLC (AQSE:HUI,OTCQB:HUIPF), a company pioneering non-recyclable waste plastics to hydrogen technology, is delighted to announce that its first American investor roadshow will start on the 22nd of August and last a week.

 

On July 26th, 2022 HUI's ordinary shares started trading on the OTCQB Venture Market, which has allowed the Company to access one of the world's largest investment markets.  A series of meeetings with potential retail and institutional investors will be held mainly in New York State, Atlanta and the state of Florida.

 

HUI's predominant goal during this investor roadshow is to promote and increase awareness of HUI's technology as the perfect solution for eliminating waste plastic. The Company's ultimate ambition is to open a string of hubs on US territory converting non-recyclable and end-of-life plastics to hydrogen in conjunction with reputable partners who can help roll out HUI systems internationally.

 

HUI believes that increasing interest in new technologies in the U.S. designed to reduce pollution and slow climate change is best illustrated by the recent passing of the "Inflation Reduction Act of 2022" by the US Congress. Around $369 billion is expected to be allocated to tackling climate change by reducing greenhouse gas emissions when this landmark piece of legislation comes into force. Once passed, it will encourage increased production of clean energy, with incentives and mechanisms built into the Act to accelerate the deployment of advanced fuel technologies with a significantly reduced carbon footprint.

 

HUI's systems can contribute to the slowing of climate change and the reduction of pollution in several ways. Its three-stage thermal process is sealed and significantly less carbon intensive than plastics remediation via combustion. High-grade hydrogen will be recovered and exported as a zero emission fuel in mobility, domestic and industrial applications. When used in fuel cell electric vehicles and generators, hydrogen produces no noxious or greenhouse gas emissions - the by-products are water and electricity. Thirdly it can reduce mountains of waste plastics and turn them into energy, displacing energy which is otherwise likely to be obtained from virgin fossil fuels.

 

 

Aleksandra Binkowska  CEO of HUI, commented:

 

"I am delighted and excited to be embarking on a trip to explore possibilities for Hydrogen Utopia in the States, starting with the East Coast. I want to engage with private and institutional investors to present the opportunity, our technology and its implications for the clean energy market and North American continent as a whole. I believe that technologies such as ours should be rolled out at a massive scale in order to make a meaningful impact. There is no more time to waste."

 

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.

 

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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