Hydrogen Utopia International PLC Ohrid Organics -- News Update Page
02 Novembre 2023 - 8:00AM
RNS Non-Regulatory
TIDMHUI
Hydrogen Utopia International PLC
02 November 2023
2 November 2023
Hydrogen Utopia International PLC
(the 'Company' or 'HUI')
Ohrid Organics - News Update Page
Hydrogen Utopia International PLC, a company specialising in
turning non-recyclable mixed waste plastic into hydrogen and other
carbon-free fuels, new materials or distributed renewable heat, is
pleased to inform shareholders that Ohrid Organics Limited ("Ohrid
Organics") started a news page to share significant milestones in
Ohrid Organics' journey towards providing high quality medical
cannabis products around the world. HUI is pleased to announce that
Ohrid Organics has achieved certification for the CUMCS-GAP
(Control Union Medical Cannabis Standard - Good Agricultural
Practice).
HUI has an option to acquire 49% of Ohrid Organics, a company
which it is anticipated will generate substantial future cashflows
for its shareholders and which HUI would utilise in developing its
pipeline of waste plastic to hydrogen plants.
The news can be found at: https://ohridorganics.com/news/
For further information, please contact:
Hydrogen Utopia International PLC
Aleksandra Binkowska
+44 20 3811 8770
Alfred Henry Corporate Finance Limited (LSE Corporate
Adviser)
Nick Michaels/Maya Klein Wassink
+44 20 3772 0021
Novum Securities Limited (Broker)
Jon Belliss/Colin Rowbury
+44 20 7399 9400
About Hydrogen Utopia International PLC
HUI aims to become one of the leading new European companies
specialising in turning non-recyclable mixed waste plastic into
carbon-free fuels, new materials or distributed renewable heat.
A HUI facility uses non-recyclable mixed waste plastic as
feedstock and turns it into syngas from which new products and
energy can be produced. HUI anticipates that its revenues will be
derived from a variety of sources, dependent upon location and
configuration of the HUI facilities, including the sale of syngas,
hydrogen and other gases, electricity and heat sales, and the
payment to it of fees for a given quantity of non-recyclable mixed
waste plastic received at a HUI facility .
HUI will target areas where there is significant private sector
interest or potential, financial backing is accessible and or where
substantial EU and/or government funded sources of grants and loans
are or may be available. The global increase in fossil fuel-based
energy prices reinforces the need for alternative, price
competitive energy sources, which HUI's business model can
provide.
The pressing need to deal with growing amounts of waste plastic
combined with a real momentum in the use of hydrogen from renewable
sources may pave the way for a rapid deployment of and investment
in HUI facilities.
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END
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November 02, 2023 03:00 ET (07:00 GMT)
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