Super Green Hydrogen - Correction

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018.  Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain. 

19.08.2025

This is a correction to the announcement published at 07:00 on 18 August 2025 (RNS number 6907V) which stated, in the title 'Super Green Hydrogen at sub $3 delivered in GCC'. The title omitted the  unit of measure: '/kg'. The corrected title is 'Super Green Hydrogen at sub $3/kg delivered in GCC'. The full announcement including the corrected title is included below. 

Hydrogen Utopia International PLC

(the "Company" or "HUI")

​

SUPER GREEN HYDROGEN AT SUB $3/kg DELIVERED IN GCC

Hydrogen Utopia International PLC (HUI), a company specialising in converting non-recyclable mixed waste materials into low-carbon hydrogen, expresses its deep concern over the recent failure of the United Nations negotiations in Geneva. The talks, intended to deliver binding commitments on plastic pollution, concluded without meaningful progress. This outcome undermines global efforts not only to tackle plastic waste, but also to address other waste such as hazardous waste,  and medical waste, items largely comprised of plastic, that urgently demand sustainable solutions.  According to the OECD, by 2030, global plastic waste is projected to reach approximately 500 million tonnes per year, up from around 400 million tonnes in 2022. This increase reflects ongoing growth in plastic production and the low rates of recycling worldwide.

At HUI, we find this perplexing, given that proven ecologically viable solutions, with high IRRs already exist, solutions we have identified and are ready to implement. However, we believe that the barrier to rolling out waste-to-hydrogen facilities has never been the technology, which, in the case of InEnTec Inc.'s technology, is a fully proven TRL 9 (fully commercialised) technology; rather, it's the challenge of assembling the right combination of financing partners and long-term off-take agreements in regions that have no real interest in tackling the plastic problem. 

We believe success lies in TRL 9 technology deployed at the right scale, in the right location, with the right returns.                          

THE GCC STRATEGY

By concentrating on TRL 9 commercial systems in the GCC, where permitting processes are minimal, often completed within weeks, and where visionary leadership is investing billions in truly green hydrogen, HUI is positioned to act swiftly. HUI entered into a binding outline agreement with InEnTec Inc., announced on 25 July 2025, which grants HUI an exclusive period to negotiate access to exclusive licences to InEnTec's technology, a TRL9 (fully commercialised) technology throughout the MENA region. HUI plans to establish Special Purpose Vehicles (SPVs) for each project deploying 50,000 tons of hydrogen annually per SPV. These SPVs will enable HUI to earn management fees and retain equity stakes, aligning long-term value creation with project execution. We envisage thousands of such systems globally after being proven in the GCC.

We are shifting our focus away from smaller,  automotive applications toward large-scale industrial end-users capable of consuming at least 50,000 tonnes of hydrogen, processing 250,000 tons of mixed waste plastic, annually. Our model centres on modular plastic waste-to-hydrogen (without excluding RDF and MSW)  co-located with cement facilities, particularly in the GCC, where the infrastructure is ripe for decarbonisation through CCUS (Carbon Capture, Utilisation and Storage), including Enhanced Oil Recovery (EOR).

The GCC hosts approximately 42 cement factories, including integrated plants and cement mills.  This robust industrial footprint offers an ideal setting for our co-location strategy, enabling economies of scale and streamlined logistics without having to transport hydrogen, which is very expensive.  By situating our systems alongside cement and steel  plants, HUI aims to convert up to 250,000 tonnes of mixed waste plastic per SPV annually. With government support, this scale could underpin 30-year offtake agreements at as low as the threshold required to make hydrogen a commercially viable alternative to natural gas.

GREENER THAN GREEN

Crucially, some GCC governments, unlike the European Union, recognise hydrogen from waste as "super green," offering support for such technologies, unlike renewable-powered hydrogen, which currently receives no state backing. This foresight creates a unique opportunity for HUI to advance waste-to-hydrogen projects at scale in the region.

HUI has already held promising early discussions with potential offtakers in the GCC countries, where only a non-binding Letter of Intent (LOI) is required to advance negotiations with funders who are excited about the IRRs we expect to deliver.

Aleksandra Binkowska, Chief Executive Officer of HUI, commented: "Plastic, which derives from fossil fuels, is everywhere in our world.  It's cheap, versatile, and essential for our survival, and it's going nowhere.  Only 6-9 % of it can be recycled. Roughly 90 % of it is mismanaged in illegal landfills and dumped in oceans. When harnessed properly and converted into clean fuel, plastic transforms from a challenge or an enemy into a powerful ally in the fight for decarbonisation. It is not our enemy; it is a friend that has helped humanity progress and can now help us build a sustainable future."

For further information, please contact:  

About Hydrogen Utopia International PLC  

HUI aims to become one of the leading new European companies specialising in converting non-recyclable mixed waste plastic into hydrogen and other 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.