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| Date | 28 Jun 2022 |
| Time | 07:00:08 |
| Category | Miscellaneous |
| ID | 3674Q |
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28 June 2022
Hydrogen Utopia International PLC
(the "Company" or "HUI")
Waste plastic to hydrogen testing programme
Hydrogen Utopia International PLC (AQSE:HUI), a company pioneering non-recyclable waste plastics to hydrogen technology, is pleased to announce that the design of its waste plastic to hydrogen system has reached an advanced stage and a programme of testing will now commence.
HUI has been working in collaboration with Electron Technologies BV ("Electron") in the Netherlands since May 2021 on the design of a unique thermal processing system for the conversion of waste plastics to hydrogen. Electron and HUI have considered the thermochemistry of the entire process from basic principles and the equipment design has been developed accordingly.
The system pyrolyses plastic in the absence of air at a temperature of up to 500°C, which produces a synthetic gas ("syngas"). It then subjects the syngas to a higher temperature conversion step. A test rig is currently in the final stages of assembly to test the first lower temperature pyrolysis stage of the system.
Electron, with HUI's help, is currently sourcing suitable plastic material to use in the tests, which are expected to take place next month.
Subject to the results of the tests, the system design will be adjusted if and as necessary. Testing of the high temperature unit will follow.
Keith Riley, Director of HUI, commented:
"I am pleased with the progress made to date by Electron and its engineering design subcontractor, Vicoma, on the development of this new system for creating syngas from waste feedstocks. Linde Engineering has also been involved in the design interfacing to ensure consistency between the equipment supplied by Electron and Linde Engineering. We now look forward to the testing phase and eventually manufacture of the system for installation at site."
Jos Koelewijn, CEO of Electron, commented:
"I am delighted with the announcement of this milestone in the development of a full scale plant for the conversion of plastics to syngas and hydrogen. This project is a result of the combined efforts of HUI and Electron, which will enable waste transition on a global scale."
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.