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The latest announcement is out from Hydrogen Utopia International PLC ( (GB:HUI) ).
Hydrogen Utopia International PLC has entered into a Memorandum of Understanding with Omani partners Shahab Ahmed and Mohamed Al Mir to raise $1 million for acquiring a license for InEnTec’s plasma enhanced Melter technology. This collaboration aims to support Oman’s decarbonization strategy and Vision 2040 by introducing waste-to-energy and hydrogen production technology, particularly in the steel and cement industries. The partnership provides HUI with local insights and access to key stakeholders, facilitating market entry and aligning with Oman’s sustainability goals.
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. The company uses this waste as feedstock to produce syngas, from which new products and energy can be generated. HUI aims to derive revenue from the sale of syngas, hydrogen, electricity, and heat, as well as fees for waste processing. The company targets areas with significant private sector interest and financial backing, particularly where EU or government grants and loans are available.
Average Trading Volume: 623,034
Technical Sentiment Signal: Sell
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