HUI Hydrogen Utopia International Plc

TIDMHUI

RNS Number : 4305J

Hydrogen Utopia International PLC

16 August 2023

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

16 August 2023

Hydrogen Utopia International PLC

(the "Company" or " HUI")

Interview regarding Ohrid Organics Limited

As announced on 21 June 2023, conditional heads of terms were signed under which Howard White has agreed, subject to contract, to grant HUI an option to acquire 49% of the issued share capital of Carbon Capture and Sequestration Limited (renamed Ohrid Organics Limited) (the "Option").

Howard White has given an interview which discussed potential revenue prospects and costs of Ohrid Organics Limited.

The interview can be accessed in this link: https://zakstraderscafe.com/howard-white-director-hydrogen-utopia-2/7517/

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/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 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

STRNKPBDBBKBAFD

(END) Dow Jones Newswires

August 16, 2023 02:00 ET (06:00 GMT)

Hydrogen Utopia (LSE:HUI)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024

Hydrogen Utopia (LSE:HUI)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024