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Hydrogen Utopia International PLC ( (GB:HUI) ) has issued an update.
Hydrogen Utopia International PLC (HUI) has announced a significant advancement in its collaboration with the Saudi Investment Recycling Company (SIRC) for the deployment of InEnTec’s waste-to-hydrogen technology in Saudi Arabia. This partnership aligns with Saudi Arabia’s Vision 2030 goals, focusing on landfill diversion, hydrogen production, and industrial competitiveness. The rapid progress in discussions, facilitated by HUI’s regional lead Iman Ramani, has led to SIRC’s swift technical and commercial evaluation of the technology. The potential deployment in Saudi Arabia’s steel industry could offer a competitive edge in global markets by producing low-carbon steel, thereby supporting the Kingdom’s objectives in decarbonization and circular economy expansion.
More about Hydrogen Utopia International PLC
Hydrogen Utopia International PLC (HUI) is a European company focused on converting non-recyclable mixed waste plastic into hydrogen and other carbon-free fuels, new materials, or distributed renewable heat. The company aims to generate revenue from various sources, including the sale of syngas, hydrogen, electricity, and heat, as well as fees for processing non-recyclable waste. HUI targets areas with significant private sector interest and financial backing, leveraging grants and loans from EU and government sources.
Average Trading Volume: 788,817
Technical Sentiment Signal: Hold
Current Market Cap: £9.13M
Find detailed analytics on HUI stock on TipRanks’ Stock Analysis page.