Source - LSE Non-Regulatory
RNS Number : 2360S
Hydrogen Utopia International PLC
03 November 2023
 

 

3 November 2023

Hydrogen Utopia International PLC

 (the 'Company' or 'HUI')

 

CEO Interview

Hydrogen Utopia International PLC, a company specialising in turning non-recyclable mixed waste plastic into hydrogen and other carbon-free fuels, new materials or distributed renewable heat, announces that its CEO, Aleksandra Binkowska has conducted a video interview following a rollercoaster few months for the business in which its share price first fell to all-time lows before rising sharply this week.

The interview can be found at: https://www.proactiveinvestors.co.uk/companies/news/1031808/hydrogen-utopia-international-ceo-says-somebody-has-to-be-fearless-1031808.html

For further information, please contact:

Hydrogen Utopia International PLC

Aleksandra Binkowska           

+44 20 3811 8770     

                                                                                                                       

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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