REG - Hydrogen Utopia Intl - EUR100,000 contract with WS Atkins Ireland Limited

Hydrogen Utopia InternationalAnnouncement

25/04/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230425:nRSY2914Xa&default-theme=true

RNS Number : 2914X  Hydrogen Utopia International PLC  25 April 2023

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED
STATES, AUSTRALIA, CANADA, JAPAN, OR SOUTH AFRICA OR ANY OTHER
JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

 

 25 April 2023

Hydrogen Utopia International PLC

 (the "Company" or "HUI")

 

Appointment of Atkins as Planning and Environmental Consultants for Longford,
Ireland site

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, is pleased to announce the
appointment of WS Atkins Ireland Limited ("Atkins") as planning and
environmental consultants in respect of its anticipated waste plastic to
hydrogen facility, in Co. Longford, Ireland (the "Longford Project"). Atkins,
a member of the SNC Lavalin Group, is one of the world's leading design,
engineering, and project-management consultancies. Atkins has appointed MKO in
Galway, Ireland's largest planning and environmental consultancy, with which
it has worked very successfully on projects in the past, to work as part of
its Longford Project team.

Atkins and MKO will advise HUI's Irish subsidiary, Alister Future Technologies
(AFT) Limited, on the planning and environmental requirements and planning
strategy for the Longford Project. They will project manage the necessary
planning application and will also advise on the necessary environmental
requirements and reports and the preliminary engineering requirements
necessary to secure the requisite planning permission. The Atkins and MKO
teams will work in conjunction with the HUI team and Duncan Snelling, HUI's
engineering consultant, who is primarily responsible for delivering the
Longford Project. It is currently anticipated that completion of the requisite
reports, plans and application will cost in the region of EUR100,000.

An approximate €169 million of funding is envisaged to be rolled out in the
Irish Midlands under the EU Just Transition Fund in the next few years. It is
currently expected that Longford, being a county in the Irish Midlands, and
heavily affected by the winding down of the labour-intensive peat industry and
transition to a green and circular economy, will be one of the prime
beneficiaries.

The Board is of the view that this appointment constitutes a major step
forward in the realisation of the Longford Project.

Aleksandra Binkowska, CEO of HUI, commented:

"I would like to thank Aideen Darmody, our Irish representative and Duncan
Snelling, our engineering consultant. Aideen's hard work and wide network of
contacts have been pivotal to creating the opportunity that led to the signing
of this agreement. Duncan's expertise in energy project management has been
instrumental in securing Atkins appointment. Ireland is a priority for HUI and
I am delighted that we have gotten so far in such a short period of time. As
George Bernard Shaw wrote: 'You see things; you say, 'Why?' But I dream things
that never were; and I say 'Why not?'."

Guy Peters, Executive Chairman of HUI, commented:

"The Atkins and MKO teams have successfully delivered some great renewable
energy projects in Ireland and have access to a huge depth of technical
resource and expertise. We are looking forward to working with them to deliver
a successful project in Longford."

Brian McKavanagh, Business Development Director, Atkins Ireland commented:

"HUI are accelerating the global move to net zero with their innovative
approach to the reuse of a waste product as an alternative energy source. This
is entirely aligned with Atkins Net Zero Business aspirations, and we are
delighted to be part of the team."

For more information about the Company, please refer to our website:
www.hydrogenutopia.eu (http://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 (LSE Corporate Adviser)

Nick
Michaels

+44 20 7309 2203

 
 
 

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 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.

About Atkins

Atkins (www.atkinsglobal.com (http://www.atkinsglobal.com) ), a Member of the
SNC-Lavalin Group, is one of the world's most respected design, engineering
and project management consultancies, employing over 18,300 people across the
UK, North America, Middle East and Africa, Asia Pacific and Europe.

About SNC-Lavalin

Founded in 1911, SNC-Lavalin (snclavalin.com (https://www.snclavalin.com/en) )
is a fully integrated professional services and project management company
with offices around the world dedicated to engineering a better future for our
planet and its people. We create sustainable solutions that connect people,
technology and data to design, deliver and operate the most complex projects
in key strategic sectors such as Engineering Services, Renewables, Nuclear,
Operations & Maintenance and Capital

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  CNTIIMLTMTJTBLJ