REG - Hydrogen Utopia Intl - Proposed Acquisition of Helmond Holding Group Corp

Hydrogen Utopia InternationalAnnouncement

27/02/2024 07:00

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RNS Number : 5245E  Hydrogen Utopia International PLC  27 February 2024

 

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.

 

 

 

Hydrogen Utopia International PLC

 (the "Company" or "HUI")

 

Proposed Acquisition of Helmond Holding Group Corp.

 

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 that the
company to be acquired by reverse takeover is Helmond Holding Group Corp., a
company incorporated in the British Virgin Islands (company registration
number 1887785) ("HHG"). HHG is a substantial and profitable international
bio-energy company. The Directors expect that the development of HUI's waste
plastic to hydrogen technology combined with HHG's established biofuels
production business will lead to the re-admitted company becoming a dominant
player not only in the biofuels but also in the hydrogen market.

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 3772 0021

 
 
 

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.

 

 

 

 

 

 

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