TIDMHUI
RNS Number : 2914X
Hydrogen Utopia International PLC
25 April 2023
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25 April 2023
Hydrogen Utopia International PLC
(the "Company" or " HUI")
Appointment of Atkins as Planning and Environmental Consultant s
for Longford, Ireland site
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 announce the appointment of WS Atkins Ireland Limited
("Atkins") as planning and environmental consultants in respect of
its anticipated waste plastic to hydrogen facility, in Co.
Longford, Ireland (the "Longford Project"). Atkins, a member of the
SNC Lavalin Group, is one of the world's leading design,
engineering, and project-management consultancies. Atkins has
appointed MKO in Galway, Ireland's largest planning and
environmental consultancy, with which it has worked very
successfully on projects in the past, to work as part of its
Longford Project team.
Atkins and MKO will advise HUI's Irish subsidiary, Alister
Future Technologies (AFT) Limited, on the planning and
environmental requirements and planning strategy for the Longford
Project. They will project manage the necessary planning
application and will also advise on the necessary environmental
requirements and reports and the preliminary engineering
requirements necessary to secure the requisite planning permission.
The Atkins and MKO teams will work in conjunction with the HUI team
and Duncan Snelling, HUI's engineering consultant, who is primarily
responsible for delivering the Longford Project. It is currently
anticipated that completion of the requisite reports, plans and
application will cost in the region of EUR100,000.
An approximate EUR 169 million of funding is envisaged to be
rolled out in the Irish Midlands under the EU Just Transition Fund
in the next few years. It is currently expected that Longford,
being a county in the Irish Midlands, and heavily affected by the
winding down of the labour-intensive peat industry and transition
to a green and circular economy, will be one of the prime
beneficiaries.
The Board is of the view that this appointment constitutes a
major step forward in the realisation of the Longford Project.
Aleksandra Binkowska, CEO of HUI, commented:
" I would like to thank Aideen Darmody, our Irish representative
and Duncan Snelling, our engineering consultant . Aideen's hard
work and wide network of contacts have been pivotal to creat ing
the opportunity that led to the signing of this agreement. Duncan's
expertise in energy project management has been instrumental in
securing Atkins appointment. Ireland is a priority for HUI and I am
delighted that we have gotten so far in such a short period of
time. As George Bernard Shaw wrote: 'You see things; you say,
'Why?' But I dream things that never were; and I say 'Why
not?'."
Guy Peters, Executive Chairman of HUI, commented:
"The Atkins and MKO teams have successfully delivered some great
renewable energy projects in Ireland and have access to a huge
depth of technical resource and expertise. We are looking forward
to working with them to deliver a successful project in
Longford."
Brian McKavanagh, Business Development Director, Atkins Ireland
commented :
"HUI are accelerating the global move to net zero with their
innovative approach to the reuse of a waste product as an
alternative energy source. This is entirely aligned with Atkins Net
Zero Business aspirations, and we are delighted to be part of the
team."
For more information about the Company, please refer to our
website: www.hydrogenutopia.eu
For further information please contact:
Hydrogen Utopia International PLC
Aleksandra Binkowska/Guy Peters
+44 20 3811 8770
Alfred Henry Corporate Finance Limited (LSE Corporate
Adviser)
Nick Michaels
+44 20 7309 2203
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
hydrogen and other 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.
About Atkins
Atkins ( www.atkinsglobal.com ), a Member of the SNC-Lavalin
Group, is one of the world's most respected design, engineering and
project management consultancies, employing over 18,300 people
across the UK, North America, Middle East and Africa, Asia Pacific
and Europe.
About SNC-Lavalin
Founded in 1911, SNC-Lavalin ( snclavalin.com ) is a fully
integrated professional services and project management company
with offices around the world dedicated to engineering a better
future for our planet and its people. We create sustainable
solutions that connect people, technology and data to design,
deliver and operate the most complex projects in key strategic
sectors such as Engineering Services, Renewables, Nuclear,
Operations & Maintenance and Capital
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