REG - Hydrogen Utopia Intl - Richard Fish Appointed as Non-Executive Director

Hydrogen Utopia InternationalAnnouncement

29/07/2025 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:20250729:nRSc8925Sa&default-theme=true

RNS Number : 8925S  Hydrogen Utopia International PLC  29 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. 
  

 

Hydrogen Utopia International PLC

 (the "Company" or "HUI")

 

Appointment of Richard Fish as Non-Executive Director

 

Hydrogen Utopia International PLC (HUI), a company specialising in turning
non-recyclable mixed waste plastic into hydrogen and other carbon-free fuels,
new materials, or distributed renewable heat, is delighted to announce that it
has appointed Richard Fish as a Non- Executive Director of HUI with immediate
effect.

 

Richard brings over four decades of executive experience spanning private
equity, energy, and automotive and industrial sectors. He has consistently led
corporate transformations, implemented forward-thinking strategies, optimised
internal operations, and scaled businesses from startups to global
enterprises, leading to successful exits. Richard has led projects across six
continents, with a particular focus on China, Southeast Asia, India, the
Middle East, and Australia. His global experience and regional expertise make
him uniquely positioned to support our international growth and strategic
objectives.

 

For the past 15 years, Richard has focused on renewable energy, becoming a
respected authority in plasma gasification. His deep understanding of the
high-temperature gasification technology market, including its
commercialisation challenges, regulatory frameworks, and international growth
potential, makes him an exceptional strategic partner for HUI's mission.

 

As a member of the Board, Richard will help shape HUI's long-term vision,
offer expert guidance on market strategy, and support the acceleration of
Waste-2-Energy innovations that address global environmental and energy
challenges.

 

Now that the Company has evolved and transformed, the Board needs experts of
Richard's calibre more than ever, particularly as HUI accelerates its efforts
in the GCC region and advances the deployment of InEnTec's transformative
technology. The Board believes that Richard's leadership and expertise are not
just valuable, they are essential to driving growth and impact.

 

Additional Information

 

 Current Directorships/partnerships      Previous Directorships/partnerships (within the last five years)
 Kilbourne Fish Advisors, LLC (USA)      Community Eco Power, LLC (USA)
 Sustain RNG, LLC (USA)                  Bioenergy Devco, LLC/BTS Bioenergy (USA)
 Westinghouse Plasma Company, LLC (USA)  AlterNRG/Westinghouse Plasma Corp. (Canada)
 Biofuel Development AS (Norway)         Plagazi AB (Sweden)
 Biofuel Holding SA (Norway)
 PGP Terminal AS (Czech Republic)
 Saivek Tecniq Private Limited (India)

 

Community Eco Power, LLC was liquidated during Richard Fish's tenure as a
director. The company was dissolved on 29 December 2023 and loss to creditors
was c. USD 3.1m. The company had been acquired through a distressed asset
sale, comprising waste-to-energy facilities with 40+ year old infrastructure.
The facilities required significant investment. The business was in a
turnaround situation, and the COVID-19 pandemic further exacerbated its
operational and financial difficulties. Despite efforts to stabilise the
business, Community Eco Power was ultimately financially unable to recover and
was liquidated.

In connection with the appointment, Richard will be granted 3,855,200 Ordinary
Shares in HUI, representing 0.955% of the Company's share capital.

 

Total Voting Rights

Application will be made for the 3,855,200 Ordinary Shares, which will
rank pari passu in all respects with the existing Ordinary Shares of the
Company, to be admitted to the Standard List segment of Official List and to
trading on the main market of the London Stock Exchange plc, which is expected
to occur on or around 8.00 a.m. on 6 August 2025 ("Admission"). Upon
Admission, the total number of issued shares and the total number of voting
rights in the Company will be 403,660,914.

 

The above figure of 403,660,914 should be used by shareholders in the Company
as the denominator for the calculations by which they will determine if they
are required to notify their interest in, or a change to their interest in,
the share capital of the Company under the Financial Conduct Authority's
Disclosure Guidance and Transparency Rules.

 

There are no further disclosures to be made for the purposes of paragraph
6.4.8R of the Financial Conduct Authority's Listing Rules.

 

Aleksandra Binkowska, CEO of HUI, commented: "Richard's appointment to the
Board marks a significant and strategic step forward for our company. With
decades of experience in plasma and waste treatment technologies, he brings
exceptional expertise in commercialising cutting-edge solutions and scaling
clean energy ventures. His unwavering determination, outstanding work ethic,
and results-focused leadership align seamlessly with our mission and values.
Richard embodies the resilient, forward-thinking spirit of American
innovation, and we are honoured to welcome that perspective to the London
Stock Exchange. Having worked closely with him for some time, I can say with
confidence that he brings jet-fuel energy to the Board-driving momentum,
inspiring action, and pushing boundaries at every turn."

 

Richard Fish, commented: "I am thrilled to be joining the board of HUI at this
point in its growth cycle. I believe my global experience in gasification,
project development and in scaling companies will be of value in helping the
company execute on its initial plastic waste to hydrogen projects in the
Middle East.  I look forward in working with this experienced team and in
helping the company be a leader in monetizing non-recyclable plastic waste
into sustainable energy."

 

The Directors of the Company take responsibility for this statement.

 

For more information about the Company, please refer to our website:
www.hydrogenutopia.eu (http://www.hydrogenutopia.eu)

 

For further information please contact:

 

Hydrogen Utopia International PLC

Aleksandra Binkowska

+44 20 3811 8770

 

Alfred Henry Corporate Finance Limited (AQSE Corporate Adviser)

Nick Michaels/Maya Klein
Wassink

+44 (0) 20 8064 4056

 
 

Novum Securities Limited (Broker)
 

Jon Belliss/Colin Rowbury
 

+44 20 7399 9400

 

Capital Plus Limited (Broker)

Dominic Berger

+44 7799 888644

 

 
 

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 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.

 

HUI's initial strategic focus is to work closely with Powerhouse Energy Group
plc to create a project pipeline of HUI facilities.

 

The pressing need to deal with growing amounts of waste plastic combined with
a real momentum in the use of hydrogen from renewable sources may pave the way
for a rapid deployment of and investment in HUI facilities.

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  BOAPPUQWMUPAPPR