Hydrogen Utopia Signs Saudi Deal to Develop Waste-to-Hydrogen and SAF Projects

Hydrogen Utopia International PLC ( (GB:HUI) ) just unveiled an announcement.

Hydrogen Utopia International PLC has signed a Memorandum of Understanding with Saudi Investment Recycling Company, a subsidiary of Saudi Arabia’s Public Investment Fund, to collaborate on waste-to-hydrogen and sustainable aviation fuel projects across the Kingdom. The partnership, formalised during IFAT Saudi Arabia 2026, will focus on deploying InEnTec’s Plasma Enhanced Melter technology to convert non-recyclable plastic waste into syngas as a feedstock for hydrogen and SAF, potentially leading to commercial-scale facilities that support aviation decarbonisation and Saudi Vision 2030. Under the agreement, HUI will provide the technology and project development expertise, while SIRC will secure waste feedstocks, assist with regulation and site selection, with support from Saudi Arabia’s Research, Development and Innovation Authority seen as instrumental in establishing HUI’s presence in the country. The MOU is positioned as an early step toward a full SAF business plan and could significantly strengthen HUI’s position in the MENA region as an exclusive licensee of the PEM technology, while deepening UK–Saudi cooperation in circular-economy and net-zero initiatives.

The most recent analyst rating on (GB:HUI) stock is a Hold with a £3.00 price target. To see the full list of analyst forecasts on Hydrogen Utopia International PLC stock, see the GB:HUI Stock Forecast page.

Spark’s Take on GB:HUI Stock

According to Spark, TipRanks’ AI Analyst, GB:HUI is a Neutral.

The score is held down primarily by weak financial performance (no revenue, continued losses, and recent cash burn alongside declining equity and rising debt). Technicals are a clear positive with strong trend and constructive momentum, but valuation remains unattractive due to loss-making fundamentals and no dividend support.

To see Spark’s full report on GB:HUI stock, click here.

More about Hydrogen Utopia International PLC

Hydrogen Utopia International PLC is a waste-to-energy company focused on converting non-recyclable mixed waste plastics, tyres and hazardous waste into hydrogen, sustainable aviation fuel (SAF), other carbon-free fuels, new materials and distributed renewable heat. Its facilities use non-recyclable mixed plastic as feedstock to produce syngas, which can be upgraded into hydrogen and other energy products, with revenues expected from sales of gases, electricity and heat, as well as gate fees for waste processing, targeting markets where private capital and government support for alternative energy and circular-economy solutions are available.

Average Trading Volume: 1,191,589

Technical Sentiment Signal: Buy

Current Market Cap: £13.2M

See more data about HUI stock on TipRanks’ Stock Analysis page.