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Hydrogen Utopia International PLC ( (GB:HUI) ) has shared an announcement.
Hydrogen Utopia International PLC has raised £250,000 through the placement of new ordinary shares to fund access to exclusive licenses for advanced waste-to-hydrogen technology in the Middle East and North Africa. The company also announced the appointment of Capital Plus Partners Ltd as a joint broker, enhancing its market positioning and operational capabilities.
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, carbon-free fuels, new materials, or distributed renewable heat. The company utilizes non-recyclable mixed waste plastic as feedstock to produce syngas, which can be transformed into various products and energy sources. HUI aims to capitalize on the rising demand for alternative energy solutions amid increasing fossil fuel prices, targeting regions with significant private sector interest and accessible financial backing.
Average Trading Volume: 690,791
Technical Sentiment Signal: Hold
Learn more about HUI stock on TipRanks’ Stock Analysis page.