Source - Alliance News

Hydrogen Utopia International PLC on Monday said it is working on fashion pollution solutions, as it announced a strategic partnership with Ethical Fashion Group.

Hydrogen Utopia is a London-based company specialising in turning non-recyclable mixed waste plastic into hydrogen and other carbon-free fuels, new materials or distributed renewable heat.

The Ethical Fashion Group matches 60,000 fashion businesses in 140 countries with sustainable suppliers around the world. It was co-founded by Harold Tillman, the former head of Jaeger and previous chair of the British Fashion Council.

The company said that the partnership would allow clothing manufacturers, suppliers and retailers to address the environmental impact of products made partly or wholly from non-recyclable plastics including polyester and polyamides.

‘It is a huge honour to win the support of Harold Tillman for the work being carried out by HUI. Consumers are dressing themselves in plastic, often without knowing it, by buying over one trillion items of clothing a year that are destined to end up in incinerators or landfill sites. Our Fashion Pollution Solution will give manufacturers access for the first time to technology that turns these items into road-fuel quality hydrogen fuel that will power the next generation of carbon-free vehicles,’ said Chief Executive Aleksandra Binkowska.

Hydrogen Utopia shares were trading 10% higher at 15.19 pence each in London on Monday.

Copyright 2023 Alliance News Ltd. All Rights Reserved.

Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJ Bell logo

Related Charts

Hydrogen Utopia International PLC (HUI)

-0.60p (-6.98%)
delayed 15:57PM