- Hydrogen Utopia raised approximately USD 339K to expand its waste-to-hydrogen tech in the MENA region.
- The company will acquire 10 exclusive licenses for InEnTec’s proven waste-to-hydrogen TRL9 technology.
- By turning plastic waste into hydrogen, the UK firm supports both clean energy goals and better waste management.
Hydrogen Utopia
What happened? UK-based, Hydrogen Utopia International PLC, raised approximately USD 339 thousand (GBP 250K). This was through the placement of 14,285,715 new ordinary shares at £0.0175 per share.
What is next? Hydrogen Utopia plans to buy 10 exclusive licenses that give it the right to use InEnTec’s waste-to-hydrogen technology. Specifically a highly developed version known as TRL9 that is ready for real-world use. These licenses will allow the company to operate this technology across countries in the Middle East and North Africa (MENA).
Waste to Hydrogen
Who are they? The UK-based company specialises in transforming non-recyclable mixed waste plastic into hydrogen and other carbon free fuels. Thus, it aims to address the current environmental threats by turning this waste plastic into alternative energy sources. This includes hydrogen and electricity that are not dependent on the use of fossil fuels such as oil, gas and coal.
Why does this matter? This advanced technology allows the efficient conversion of non-recyclable plastics into hydrogen. Ultimately, the aim is to help decarbonise industrial operation and contribute to the circular economy.
Additionally, Hydrogen Utopia’s approach to waste-to-hydrogen aligns with the global push for hydrogen fuel cell technology and low-carbon energy solutions. Thus, by converting waste plastic into hydrogen, it is contributing to both waste management and clean fuel production.
Bottom Line: Hydrogen Utopia’s latest fundraise and license acquisition point to the growing momentum behind waste-to-hydrogen technologies in the MENA region. While still early-stage, the move reflects a broader push toward clean fuel innovation and circular economy solutions in emerging markets.
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