Hydrogen Utopia International (HUI) has announced that it has reached an agreement with Trifol Resources Limited (TRL) to look at constructing a full-scale waste plastic to hydrogen plant in the Republic of Ireland. As part of the agreement, HUI will invest €0.5m for a minimum stake of 3.33% in TRL on a fully diluted basis. We believe that this is an exciting move for HUI and could lead to the company’s first operating full-scale waste plastic to hydrogen plant, as well as potentially benefitting from synergies with TRL’s waste plastic to wax technology.
28 Apr 2022
Proposed move into Ireland
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Proposed move into Ireland
Hydrogen Utopia International PLC (HUI:LON) | 3.1 0 (-1.6%) | Mkt Cap: 13.4m
- Published:
28 Apr 2022 -
Author:
Peter Hitchens -
Pages:
4 -
Hydrogen Utopia International (HUI) has announced that it has reached an agreement with Trifol Resources Limited (TRL) to look at constructing a full-scale waste plastic to hydrogen plant in the Republic of Ireland. As part of the agreement, HUI will invest €0.5m for a minimum stake of 3.33% in TRL on a fully diluted basis. We believe that this is an exciting move for HUI and could lead to the company’s first operating full-scale waste plastic to hydrogen plant, as well as potentially benefitting from synergies with TRL’s waste plastic to wax technology.