Published on: April 28, 2022
Proposed move into Ireland
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.