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Hydrogen Utopia International PLC ( (GB:HUI) ) has issued an announcement.
Hydrogen Utopia International PLC has announced a services and management agreement with TF Capital Dooel in North Macedonia to establish a waste plastic to hydrogen facility. TF Capital will handle permits, feasibility studies, business planning, and market entry strategies for the project, while HUI will pay a monthly fee and grant TF Capital a share in the project’s legal entity. This collaboration marks a significant step in HUI’s expansion strategy, offering North Macedonia an opportunity to leap directly into a hydrogen economy and potentially bypass traditional electrification challenges.
More about Hydrogen Utopia International PLC
Hydrogen Utopia International PLC (HUI) is a company focused on converting non-recyclable mixed waste plastic into hydrogen, carbon-free fuels, new materials, and distributed renewable heat. The company aims to become a leading European entity in this sector, utilizing waste plastic as feedstock to produce syngas, hydrogen, and other products. HUI targets areas with significant private sector interest and accessible financial backing, particularly where EU and government-funded grants or loans are available. The company seeks to capitalize on the rising need for alternative energy sources amid increasing fossil fuel prices and the momentum for hydrogen from renewable sources.
YTD Price Performance: -14.20%
Average Trading Volume: 87,446
Technical Sentiment Consensus Rating: Buy
See more data about HUI stock on TipRanks’ Stock Analysis page.