REG - Hydrogen Utopia Intl - HUI & SIRC Forge Path for Hydrogen & SAF

Hydrogen Utopia InternationalAnnouncement

28/01/2026 07:00

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RNS Number : 6284Q  Hydrogen Utopia International PLC  28 January 2026

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28.01.2026

Hydrogen Utopia International PLC

(the "Company" or "HUI")

HUI & SIRC Forge Path for Hydrogen & SAF

Hydrogen Utopia International PLC ("HUI"), a pioneering leader in converting
non-recyclable mixed waste plastics, tyres, and hazardous waste materials into
hydrogen and carbon-free fuels, is delighted to announce the signing of a
Memorandum of Understanding ("MOU") with Saudi Investment Recycling Company
("SIRC"), a wholly owned subsidiary of the Public Investment Fund of the
Kingdom of Saudi Arabia.

The MOU was executed in Riyadh during IFAT Saudi Arabia 2026, the Kingdom's
first hosting of the globally renowned environmental technologies exhibition
and conference focused on waste management, recycling, water treatment, and
circular economy solutions. It was signed by Ahmed Al Juhany, Chairman of
Masab, the wholly owned subsidiary of SIRC and Howard White, Chairman of
Hydrogen Utopia International KSA ("HUI KSA"), wholly owned subsidiary of
Hydrogen Utopia International PLC.

The MOU establishes a framework for strategic collaboration and the
utilisation of new technologies between HUI and SIRC to explore innovative
projects across the Kingdom, focused on plastic waste management, hydrogen
production, and, foremost, the development and utilisation of Sustainable
Aviation Fuel ("SAF").

As part of the collaboration, the parties will evaluate the deployment of
InEnTec's cutting-edge Plasma Enhanced Melter ("PEM") technology, designed to
convert non-recyclable plastic waste into high-purity synthesis gas
("syngas"). This syngas, from which high-quality hydrogen is extracted, will
be assessed as key feedstocks for the production of SAF and other advanced
fuels. The collaboration also contemplates the potential development of
commercial-scale facilities that support aviation decarbonisation and the
circular economy, in alignment with the ambitions of Saudi Vision 2030.

Under the MOU, HUI will contribute InEnTec's PEM technology and support
development in project design, engineering, and process integration. HUI holds
an exclusive licence to deploy this technology across the Middle East and
North Africa (MENA) region, positioning the Company as a uniquely placed
partner for large-scale waste-to-hydrogen and SAF initiatives. SIRC will act
as a strategic national partner, supporting access to suitable waste
feedstocks, assisting with local regulatory processes, and identifying
potential industrial sites.

This collaboration marks an exciting step forward in HUI's mission to develop
and expand its waste-to-hydrogen and sustainable fuels platform in the Middle
East, positioning both companies at the forefront of innovation in clean
energy, circular economy solutions, and aviation decarbonisation.

The Company expresses its sincere appreciation to the Research, Development
and Innovation Authority ("RDIA") and its Attraction Program, whose support
has been fundamental to HUI KSA's establishment and progress in the Kingdom of
Saudi Arabia. The Attraction Programme has played a critical role in enabling
alignment with national research and development priorities, fostering local
partnerships, supporting capability development, and facilitating long-term
value creation within Saudi Arabia's innovation ecosystem. HUI and HUI's
subsidiary, HUI KSA also greatly value RDIA's clear understanding of the
importance of sustainability and the development of SAF, which is central to
the Kingdom's environmental and energy ambitions.

The signing of the MOU represents an initial stage in progressing toward the
development of a comprehensive SAF business plan, following which further
agreements may be entered into to support project deployment and development.

Stephen Charles Hitchen, His Majesty's Ambassador to the Kingdom of Saudi
Arabia, commented: "This partnership between HUI KSA, The Saudi Investment
Recycling Company, and Masab underscores the strength of UK- Saudi cooperation
in tackling global challenges such as waste management and decarbonisation. It
is inspiring to see British innovation working hand - in - hand with Saudi
leadership. I look forward to watching this collaboration grow into a
successful, long- term partnership that supports the Kingdom's sustainability
goals and Vision 2030, as well as UK's Industrial Strategy in advancing
circular economy objectives and our shared net-zero ambitions"

Aleksandra Binkowska, Chief Executive Officer of HUI PLC, commented: "This
moment represents an important milestone for the Company and the start of a
highly promising new chapter. The Kingdom of Saudi Arabia is undergoing an
exceptional transformation, with strong momentum, a clear commitment to
sustainability, and decisive progress toward net-zero objectives, particularly
in Sustainable Aviation Fuel. Following HUI's recent announcement of its
commitment to deliver Sustainable Aviation Fuel, it has been remarkable to see
how swiftly relevant authorities and strategic partners have engaged. As I
have stated before, I firmly believe the essential elements are now aligning:
the Kingdom provides the right environment, InEnTec delivers the right
technology, and the HUI team brings the focus and tenacity to deliver.
Together, this creates a rare opportunity to achieve meaningful impact at
scale, and I am highly encouraged by the path ahead."

Iman Ramani, Vice President of HUI KSA, commented: "This MOU with SIRC, in
collaboration with Masab, marks an important foundation for exploring how
waste-to-hydrogen can be deployed at scale in Saudi Arabia, with the ultimate
ambition of supporting sustainable aviation fuel production. We are now
progressing to the next phase, which will involve developing a comprehensive
commercial proposal for the market, assessing both technical and economic
viability in close partnership with our Saudi counterparts, to create a
fundable model as the next step. I would like to especially thank Dr Yusif
Alghamdi and the team at the Research, Development and Innovation Authority
(RDI). Without their foresight and support, this would have never been
possible."

For further information, please contact: 

 

Hydrogen Utopia International PLC

Aleksandra Binkowska

+44 7795235181

 

Alfred Henry Corporate Finance Limited (LSE Corporate Adviser)

Nick Michaels/Maya Klein
Wassink
 

+44 20 8064 4056

                                      
                 
 

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 international
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
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. 

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