REG - Hydrogen Utopia Intl - MENA Licenses – Binding Outline Agreement

Hydrogen Utopia InternationalAnnouncement

25/07/2025 07:00

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RNS Number : 5201S  Hydrogen Utopia International PLC  25 July 2025

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. 
  

25 July 2025

Hydrogen Utopia International PLC

 

 (the "Company" or "HUI")

 

MENA Licenses - Binding Outline Agreement

 

Hydrogen Utopia International PLC ("HUI"), a pioneer in transforming
non-recyclable mixed waste into clean hydrogen, carbon-free fuels, advanced
materials, and distributed renewable heat, is delighted to announce that,
following the announcement dated 6 June 2025, HUI has now signed a binding
outline agreement with InEnTec Inc. ("InEnTec") covering the MENA region
("Outline Agreement").

 

This Outline Agreement provides for an exclusive negotiation period of 180
days from the day of signing the Outline Agreement to negotiate a proposed
access  to exclusive licences for InEnTec's advanced TRL9 (Technology
Readiness Level 9) waste-to-hydrogen technology ("InEnTec Technology") across
the Middle East and North Africa ("MENA") region.

 

The Outline Agreement further provides for a right of first refusal to offer
the same terms as any third party who may express an interest in the InEnTec
Technology in the MENA region.

Subject to conditions to be fulfilled within 180 days and the achievement of
certain milestones, the parties will enter into a binding definitive
agreement.

To secure the opportunity, HUI has made a non-refundable payment of $100,000
financed through a long term non-interest-bearing loan of USD 80,000 from
Aleksandra Binkowska, CEO of HUI and a long term non-interest-bearing loan of
$20,000 from Howard White, Executive Director of HUI.

This commitment underscores the conviction of the executive leadership and
their shared belief in the transformative power of InEnTec's Technology. It
signals a bold and strategic move to position the Company at the forefront of
the low-carbon hydrogen revolution sweeping across the GCC region.

Having recently engaged with major corporations and other entities across the
GCC, the Directors have determined that there is limited  risk appetite for
technologies that have not reached TRL9. As a result, the Company has decided
to pivot its near term focus immediately towards the InEnTec Technology.

This decision follows a series of high-level visits and engagements across the
United Arab Emirates, the Kingdom of Saudi Arabia, and Oman, involving
discussions with potential EPC partners and senior government officials in the
last weeks.  These consultations have revealed not only a rising demand for
low-cost, low-carbon hydrogen, especially for the construction, cement, and
steel sectors, but also an intense regional commitment to environmental
stewardship with a tangible urge for a change in waste management.

This  marks a strategic step forward in establishing HUI's position as a
provider of waste hydrocarbon to hydrogen technologies as  competitive and
scalable solutions in global hydrogen markets especially in the GCC area.

The GCC countries have shown immense interest in cleaning their nations from
accumulating waste, driven by both internal sustainability goals and growing
international scrutiny. In this context, a TRL9  waste-to-hydrogen solution
presents a highly attractive alternative, simultaneously addressing an immense
waste crisis and supplying clean hydrogen for heavy industry.

Recent regional analysis and technical feedback confirm that InEnTec's
plasma-assisted gasification technology is not only technically viable but
capable of matching or undercutting the delivered cost of
electrolyser-produced hydrogen. Moreover, the system's ability to convert
waste into a circular energy solution offers a powerful deterrent to illegal
landfilling and transboundary waste shipping, both of which remain serious
environmental issues in the region.

The potential market size is vast. Hydrogen demand in the GCC is projected to
reach hundreds of thousands of tonnes annually, aligned with
multi-billion-dollar infrastructure and energy transitions.

In parallel, carbon dioxide offtake opportunities, particularly in Enhanced
Oil Recovery (EOR), are expected to scale into the millions of tonnes,
providing additional commercial leverage.

With this 180 day exclusivity, HUI has secured a powerful early-mover
advantage in a region poised to lead the global hydrogen economy. Backed by
strategic relationships, proven technology, and clear regulatory momentum, the
Board is confident this milestone will deliver long-term value to shareholders
and meaningful environmental benefit to the region.

About Inentec

InEnTec is a global leader in advanced gasification systems, with over two
decades of experience in delivering economically viable and environmentally
responsible waste conversion solutions. The company is committed to addressing
critical global challenges-such as greenhouse gas emissions, plastic
pollution, and escalating waste volumes-by transforming waste into valuable
clean fuels, energy, and sustainable materials.

At the core of InEnTec's offering is its patented Plasma Enhanced Melter (PEM)
technology, a proven, commercially deployed system operating at 11 facilities
worldwide. Uniquely versatile, the PEM technology is capable of processing a
wide range of complex and traditionally non-recyclable waste streams,
including mixed plastic waste, hazardous waste, medical waste, wind turbine
blades, and persistent chemicals such as PFAs (per- and polyfluoroalkyl
substances). This ability to handle the most challenging waste types positions
InEnTec at the forefront of the waste-to-value industry, delivering innovative
solutions that advance both environmental sustainability and commercial
viability.

Jeff Surma, Chief Executive Officer of InEnTec, commented: "We look forward to
supporting HUI's business plan in the MENA region as it aligns well with
InEnTec's other strategic initiatives related to distributed low carbon
intensity hydrogen generation.  The MENA region market is growing
exponentially in green and low carbon molecule production.  Since initiating
our relationship, HUI has moved quickly to further execute their strategy and
accelerate its business with well-known strategic players in the region.

 

Aleksandra Binkowska, Chief Executive Officer of HUI, commented: "Following
extensive discussions with leading energy players across both Europe and the
GCC, it has become clear that only technologies with a proven track record can
truly gain traction and deliver real impact. With time of the essence,
especially in addressing the dual challenges of energy transition and waste
management, there is no room for experimentation at this point in time.
InEnTec stands out as a market-ready solution, protected by nearly 70 patents,
and is perfectly positioned to meet the urgency and scale of demand in a
region like the GCC, which is advancing at warp speed with its ambitious
goals."

For further information, please contact:

 

Hydrogen Utopia International PLC

Aleksandra Binkowska

+44 20 3811 8770

 

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

 

Capital Plus Partners Limited (Broker)

Dominic Berger

+44 7799888544

 

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.

 

 

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