REG - Hydrogen Utopia Intl - PHE Marketing Agreement and Mithras SA LOI

Hydrogen Utopia InternationalAnnouncement

13/04/2026 07:00

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RNS Number : 1479A  Hydrogen Utopia International PLC  13 April 2026

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
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domain.    

 

13 April 2026

Hydrogen Utopia International PLC

 

 (the "Company" or "HUI")

PHE Marketing Agreement and Mithras SA LOI

Hydrogen Utopia International PLC (LSE: HUI), a company focused on converting
non-recyclable waste plastic into hydrogen, clean fuels and advanced materials
such as SAF, urea, ammonia and green steel via its licence agreement with
InEnTec, is pleased to announce that, further to its announcement on 7 April
2026, it has entered into a Non-Exclusive Marketing Agreement with Powerhouse
Energy Group PLC ("PHE") to promote PHE's Distributed Modular Generation
("DMG") technology in Central and Eastern Europe ("Marketing Agreement"). The
DMG technology converts waste plastic into syngas and hydrogen. HUI further
announces that it has executed the letter of intent ("LOI") with Mithras
Energy S.A.

This Marketing Agreement represents a significant strategic step in HUI's
renewed engagement with the European waste to energy market and could support
the development of its commercial presence in the next-generation European
hydrogen and synthetic fuel projects. It reflects HUI's ambition to actively
market PHE's DMG technology in Central and Eastern Europe, following interest
from Mithra Energy S.A. and a growing number of potential counterparties in
countries such as Slovenia and Croatia, while reinforcing the Company's
long-standing and constructive relationship with PHE.

Under the terms of the Marketing Agreement, HUI will actively promote and
originate potential projects utilising PHE's DMG technology on a non-exclusive
basis. The structure of the agreement, which includes no fees payable by HUI,
provides the Company with a highly capital-efficient platform to accelerate
project origination without balance sheet exposure.

Where HUI identifies opportunities, it will submit these to PHE for
independent evaluation, with PHE retaining discretion to enter into separate
operating licence agreements directly with project developers. The Board
believes that this structure may allow HUI to engage at an early stage in
potential European projects with scope for further involvement if those
projects progress towards development and financing. Any commercial return to
HUI is expected to be agreed directly with project developers and will be in
addition to any fees payable to PHE. The current structure does not envisage
any investment by HUI.

The Marketing Agreement has an initial term of three years and may be extended
subject to successful project delivery. It is expected that the Marketing
Agreement will further strengthen HUI's role as a catalyst for
waste-to-hydrogen deployment and enhance its ability to leverage PHE's DMG
technology in discussions with municipalities, industrial stakeholders and
institutional investors. The Company believes the Marketing Agreement will
position HUI to benefit from accelerating regulatory and energy
security-driven demand across Europe, where momentum towards scalable circular
economy infrastructure continues to build rapidly.

The Company notes that the Research Note published on 8 April 2026 pre-dated
the Marketing Agreement and LOI. Accordingly, the Research Note did not
ascribe any value to either arrangement. The Research Note is available here:
https://acfequityresearch.com/hydrogen-utopia-initiation-pivot-to-regulation-driven-revenues-08042026/
(https://acfequityresearch.com/hydrogen-utopia-initiation-pivot-to-regulation-driven-revenues-08042026/)

Aleksandra Binkowska, Chief Executive Officer of HUI, commented:"I am
delighted to re-engage with Powerhouse Energy Group. We have been working
towards strengthening awareness and support for this technology for a very
long time, and it is encouraging to see renewed momentum. I would also like to
thank the CEO and the Chairman of PHE for their support on this venture.

As I have mentioned before, I firmly believe that hydrogen has a significant
future in both small and large-scale applications, including heavy-duty
transport, but its development requires patience, persistence, and
constructive support from the European Union. Across Europe, member states are
increasingly recognising that there is no benefit in delaying action or
ignoring the challenges ahead, and that practical solutions must be
implemented.

This agreement represents another step in continuing that journey and
advancing technologies that can contribute meaningfully to Europe's energy
transition."

David Hitchcock, Chairman of PHE, commented: "This was an unexpected
opportunity which was presented to us by HUI and underlines their commitment
to energy security and hydrogen infrastructure no matter the size of project.
This agreement with HUI provides PHE, at no cost, access to a team of
experienced people who are knowledgeable of our technology in central
Europe.  We would like to thank Aleksandra and her team for continuing the
push for a cleaner future and look forward to working with them going
forward."

For further information, please contact: 

Hydrogen Utopia International PLC

Aleksandra Binkowska                  

+44 7795 235 181

 

Alfred Henry Corporate Finance Limited (LSE Corporate Adviser)

Nick Michaels/Maya Klein
Wassink                                                                         

+44 20 8064 4056

                                      
                 
                                                              

AlbR Capital Limited (Broker)                     
                                     
        

Jon Belliss/Colin
Rowbury                                           

+44 20 7399 9400

  

About Hydrogen Utopia International PLC 

 

HUI aims to become one of the leading new 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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