Innovative Funding Model for Hydrogen Tech
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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 publication of a report by Progressive Equity Research Limited ("Progressive") providing a recap on HUI's technology and progress towards its first plant, details on its innovative funding model through Ohrid Organics Limited ("Ohrid Organics") and recent management changes.
The intended acquisition of a direct stake in Ohrid Organics, the UK holding company of a North Macedonian medicinal cannabis producer, provides HUI with a potential innovative source of financing without having to resort to a dilutive share issue. The initial indications are that Ohrid Organics has a high-quality product that is attracting significant interest. The cash flows from Ohrid Organics should facilitate the development and application of HUI's pioneering waste plastic to hydrogen technology.
This report is produced under an existing retained client relationship between the Company and Progressive, and can be accessed by following this link:
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