Hydrogen Utopia International PLC - London-based mixed plastic waste-to-fuel technology - Agrees proposed lease for 2.5 acre greenfield site in County Longford, Ireland. Agreement is with Fisherstown Property Holdings. Anticipates this will lead to first operational full scale waste plastic to hydrogen facility in Europe.
Under the agreement, the two companies will use ‘all reasonable endeavours’ to finalise the grant of an option within the next three months for the company to acquire a long lease of the greenfield site on the 78 acre freehold industrial site owned by Fisherstown Property. Under agreement, Hydrogen Utopia makes a €50,000 payment to Fishertown Property for the exclusive right to negotiate the option.
Executive Chair Guy Peters said: ‘Earlier this year we identified Ireland as a very attractive EU country in which to pioneer a European waste plastic to hydrogen plant. The Longford deal has very significant attractions that have led us to the conclusion that we should focus on the Fisherstown site in Longford to deliver our first plant in Ireland.’
Current stock price: 12.88 pence
12-month change: down from 13.75p in January
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