REG - Hydrogen Utopia Intl - Refocus on Core Plastic-to-Hydrogen and GCC Growth

Hydrogen Utopia InternationalAnnouncement

13/10/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251013:nRSM0653Da&default-theme=true

RNS Number : 0653D  Hydrogen Utopia International PLC  13 October 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. 
  

13 October 2025

 

Hydrogen Utopia International PLC

                                            (the
"Company" or "HUI")

 Refocus on Core Plastic-to-Hydrogen and GCC Growth

Ohrid Organics Update

Hydrogen Utopia International PLC ("HUI" or the "Company"), a company
pioneering technology to convert non-recyclable waste plastics into hydrogen
and other clean energy, is delighted to advise shareholders that it is
receiving significant interest in the TRL9 InEnTec plasma gasification
technology, for which HUI holds a binding exclusive right to negotiate licence
contracts across the MENA ( Middle East and Africa) region, with a primary
focus on the GCC (Gulf Cooperation Council) countries.

The Company is in substantive engagement with multiple government entities and
leading corporations in the Kingdom of Saudi Arabia, Oman, the United Arab
Emirates, and has also received a formal Request for Investment  Proposition
from a Qatari company for a plasma destruction system. These discussions
include potential joint ventures and special purpose vehicles (SPVs) with
co-investment opportunities, positioning HUI to become a key player in the
expanding hydrogen and waste-to-energy markets across the GCC, with clear
potential to access wider regional and international markets.

The expansion into the GCC targets not only the hydrogen economy but also
opens doors to other regional and international markets, driven by the massive
growth of the steel and cement industries, which outgrow the European market,
and strong growth across the GCC, reflecting increased industrial activity and
investment in clean technologies. Additionally, HUI, through InEnTec's TRL9
Technology, is evaluating the integration of Direct Reduced Iron (DRI)
applications and hydrogen for Enhanced Oil Recovery (EOR) into its portfolio,
further enhancing its position in industrial decarbonisation and energy
solutions.

Following a period of strategic diversification, brought about by a severe
downturn in the European hydrogen market and the underperformance of the
EU-led initiative, the Company is returning to its roots, refocusing on its
core mission of converting plastic waste into hydrogen in a new,
high-potential territory, in anticipation and hope that Europe will catch up
on its strong hydrogen ambitions. This renewed direction comes at a time when
the hydrogen economy is regaining global momentum, where governments are
prioritising clean technologies and circular economy solutions once again.

Mindful that the proposed acquisition of a significant holding in Ohrid
Organics Ltd could present a direct conflict with potential business in
jurisdictions where medicinal cannabis is illegal, the HUI Board and Ohrid
Organics Ltd have mutually agreed not to proceed with the previously announced
transaction. The Board believes that the strategic upside in the GCC
significantly outweighs the Ohrid Organics option.

This decision allows HUI to focus its resources and leadership on capitalising
on the expanding hydrogen opportunity in the MENA region, accelerating
commercialisation of the InEnTec technology, and building strong government
and industrial partnerships across the Middle East, with the broader aim of
accessing regional and international markets, supported by robust GDP growth
in the GCC.

Aleksandra Binkowska, Chief Executive Officer of HUI, commented: "The hydrogen
market has faced challenges and fluctuations, and the adoption of heavy-duty
hydrogen-powered vehicles has been slower than anticipated, as major
automobile companies are still weighing their options. In contrast,
large-scale decarbonisation of industries such as steel and cement presents a
tangible opportunity, as the building sector is robust and nearly impossible
to halt, with substantial hydrogen demand driven by the rapid industrial
growth in the GCC countries. We can see a major opportunity in taking this
step."

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

 

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.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  STRMTBRTMTMBBTA



            Copyright 2019 Regulatory News Service, all rights reserved