REG - Hydrogen Utopia Intl - Proposed Letter of Intent and Licence Request

Hydrogen Utopia InternationalAnnouncement

07/04/2026 07:00

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RNS Number : 3718Z  Hydrogen Utopia International PLC  07 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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7 April 2026

Hydrogen Utopia International PLC

 

 (the "Company" or "HUI")

                    Proposed Letter of Intent and Licence Request

 

Hydrogen Utopia International PLC (LSE: HUI), a company focused on converting
non-recyclable waste plastic into hydrogen, clean fuels and advanced
materials, and which holds exclusive rights to the Inentec PEM melter system
in the MENA region, announces that HUI has received a proposed letter of
intent from Mithra Energy S.A., a Poland-based energy company, regarding
potential cooperation for the roll out of waste plastic to hydrogen facilities
in Poland. In connection with the matters set out in the proposed letter of
intent, HUI further announces that it is seeking a non-exclusive licence from
Powerhouse Energy Group plc (AIM: PHE) to promote its Distributed Modular
Generation ("DMG") technology across selected European markets.

This initiative follows the Board's observation of an acceleration in
commercial engagement regarding the need for secure energy supplies that are
not based on oil and gas feedstock across Central and Eastern Europe. This,
the Board believes, could represent the early stages of a broader regional
opportunity for decentralised waste-to-hydrogen infrastructure in Europe.
HUI's previously formed team in Poland through whom the proposed letter of
intent came, is also having early discussions with counterparties in Slovenia
and Croatia.

The Board believes this growing interest reflects both increased investor
focus on the progress of waste plastic-to-hydrogen and waste-to-energy
technologies, including the Inentec TRL9 system and the Powerhouse DMG
demonstration plant, which many stakeholders continue to follow closely, as
well as a broader shift in European energy priorities. Ongoing geopolitical
instability, including the Russia-Ukraine war and broader conflict and
instability in the Middle East, has accelerated demand for secure, localised
and sustainable energy solutions, positioning the DMG technology as a
potentially compelling alternative.

Projects are expected to be funded principally by third-party developers and
financing partners, including through access to European Union funding
mechanisms. The Board notes that certain counterparties, including Mithra
Energy S.A., are well positioned with strong balance sheets and experience in
accessing grant funding.

The Board believes that, if successfully implemented, this model could enable
the development of multiple DMG facilities across the region, creating the
potential for a scalable pipeline of projects and recurring revenue streams
for HUI through licence and origination fees.

Following a period of slower progress within the European hydrogen sector,
partly driven by policy emphasis on "green hydrogen", the Board is encouraged
by the re-emergence of demand for alternative hydrogen solutions that address
both waste management and energy security challenges. It is no longer just
about a cleaner planet, but about ensuring energy security on a global scale.

The Board believes that this strategy has the potential to materially enhance
HUI's commercial profile, providing exposure to a growing European market
through a scalable, low-capital model with the potential for meaningful
long-term value.

The Company remains focused on originating and facilitating large-scale
projects in the MENA region especially KSA based on HUI's licensed Inentec PEM
melter system technology, targeting developments with the potential to reach
values in the hundreds of millions of euros, including applications such as
sustainable aviation fuel (SAF), green steel, cement, and urea/ ammonia
production. In the future, it is the intention to develop HUI's own
proprietary technology.

There can be no certainty that a non-exclusive licence will be obtained or
that any letter of intent will be agreed. HUI will provide further updates as
appropriate.

Aleksandra Binkowska, Chief Executive Officer of HUI, commented:

"It is no longer just about a cleaner planet, but about ensuring energy
security on a global scale. It's about saving lives here and now, not just for
the generations to come. Europe is a market that takes time to mature;
however, the level of engagement we are now seeing has been encouraging and,
in some cases, notably swift.

I sincerely hope that Europe now becomes a faster and more robust environment
in which to operate, and one where waste-to-energy facilities can truly scale.
There is space for multiple solutions, and the growing need for energy
security, combined with persistently high energy prices and ongoing
geopolitical tensions, should serve as a clear signal to policymakers that the
time to act is now. Technologies such as ours can play an important role, and
we hope to see increased support and a clearer pathway to deployment across
the region.

The team in Poland driving this initiative has operated independently of HUI's
current core activities in MENA. I originally brought this group together in
the early days when HUI was entirely focussed on Europe, and I am delighted
that, after all this time, their persistence is now translating into tangible
opportunities for HUI.

I would like to congratulate them on their continued commitment and
professionalism, and I look forward to seeing this initiative develop
further."

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

                                      
                 
                                                              

Novum Securities Limited (Broker)                   
                                     
          

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+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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