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.    

15 September 2025

Hydrogen Utopia International PLC

(the "Company" or "HUI")

KSA Expert Assists In Deploying InEnTec Technology

Hydrogen Utopia International PLC ("HUI"), a company pioneering the conversion of non-recyclable mixed plastic waste into hydrogen, carbon-free fuels, new materials, and distributed renewable heat, is delighted to announce the appointment of Mr Iman Ramani as its official representative for the Gulf Cooperation Council ("GCC"), with a strong focus on unlocking opportunities in the Kingdom of Saudi Arabia ("KSA").

The appointment of Mr Iman Ramani marks a major milestone in HUI's international growth strategy, targeting one of the world's fastest-growing hubs for innovation, investment, and sustainability. With the KSA set to invest hundreds of billions of dollars into clean energy, waste management, and decarbonisation under Vision 2030, HUI is strategically positioning itself at the centre of this unprecedented market shift.

HUI is advancing InEnTec's Plasma Enhanced Melter ("PEM") technology - a proven TRL 9 system that converts all forms of indestructible waste into ultra-pure hydrogen, carbon-free fuels, and clean materials. Based on an identified project requiring 40-60k tons of hydrogen and with a significant grant anticipated in line with KSA Vision 2030, the process is expected to deliver green hydrogen at a cost of $2 or less per kilogram, making it one of the most competitive and scalable solutions available today. For the KSA and the wider GCC, this technology represents a game-changing opportunity to accelerate energy transition, reduce landfill, and build a global hub for clean hydrogen production. We will be targeting steel and cement plants with multiple PEM melters systems operating in tandem.

Mr Iman Ramani, based between Riyadh and London, brings more than 20 years of entrepreneurial and technology leadership experience across international markets. He has successfully founded, scaled, and exited multiple ventures and today plays a pivotal role in advancing national strategies across the world.  His network spans the highest levels of government and industry, with active collaborations with, among others, the Research, Development and Innovation Authority (RDIA), the Public Investment Fund (PIF), NEOM, the Ministry of Environment, Water and Agriculture (MEWA), the Ministry of Investment (MISA) & the Ministry of Health (MoH) , and leading universities such as King Saud University, King Saud bin Abdulaziz University for Health Sciences, and  King Abdullah University of Science and Technology (KAUST).

Alongside his role at HUI, Mr Iman Ramani continues to drive innovation as the leader of Phytome KSA, supporting advances in biotechnology, food security, and healthcare.

This appointment underlines HUI's determination to establish itself as a leading player in the GCC's clean energy and waste-to-hydrogen sector. With proven technology, a compelling cost advantage, and now a high-level representative embedded in the KSA, HUI is well-positioned to capture significant commercial opportunities in one of the most ambitious clean energy markets in the world.

Aleksandra Binkowska, CEO of Hydrogen Utopia International PLC, commented:
"Iman's appointment is a strategic breakthrough for HUI. Saudi Arabia is investing at scale to lead the global energy transition, and our technology is perfectly aligned with this ambition. Iman's unparalleled experience, credibility, and government-level network make him the ideal partner to accelerate HUI's entry into this multi-trillion-dollar market. With his leadership on the ground, we are confident that HUI can capitalise on the vast opportunities presented by Vision 2030, establishing a powerful platform for long-term growth and shareholder value creation."

Iman Ramani commented: "Saudi Arabia is moving faster than anywhere in the world to deliver on clean energy and sustainability, and I am honoured to support HUI in entering this market at such a transformative moment. My focus will be on connecting HUI with the right institutions, investors, and government stakeholders to ensure that its waste-to-hydrogen technology becomes a cornerstone of the Kingdom's energy transition. By leveraging my experience and long-standing relationships across Saudi Arabia and the wider GCC, I believe we can help establish HUI as a key contributor to Vision 2030 and beyond."

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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.