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Hydrogen Utopia International PLC ( (GB:HUI) ) has issued an update.
Hydrogen Utopia International PLC has been granted an Investment Registration Certificate by the Ministry of Investment of Saudi Arabia, allowing it to operate as a 100% foreign-owned entity in the Kingdom. This certification enables HUI to establish operations, hire personnel, and engage in projects under Saudi Arabia’s Vision 2030, which focuses on economic diversification and sustainable energy. The certificate also provides HUI access to government tenders and incentive schemes, positioning it to advance plastic waste-to-hydrogen and decarbonization projects in the region, leveraging its exclusive rights to InEnTec’s Plasma Gasification Technology.
More about Hydrogen Utopia International PLC
Hydrogen Utopia International PLC (HUI) is a European company specializing in converting non-recyclable mixed waste plastic into hydrogen and other carbon-free fuels, new materials, or distributed renewable heat. HUI’s facilities use non-recyclable mixed waste plastic as feedstock to produce syngas, which can be converted into new products and energy. The company targets areas with significant private sector interest and potential financial backing, aiming to provide alternative, price-competitive energy sources amid rising fossil fuel prices.
Average Trading Volume: 585,604
Technical Sentiment Signal: Hold
For detailed information about HUI stock, go to TipRanks’ Stock Analysis page.