
Hydrogen Utopia Signs MoU with Saudi Partner to Advance WasteâtoâHydrogen Projects
âĒBy ADMIN
Related Stocks:HUIPF
Hydrogen Utopia International PLC (LSE:âŊHUI, OTCQB:âŊHUIPF) has disclosed that it has entered into a memorandum of understanding (MoU) with Saudi Arabiaâs Hydrogen Systems LLC to collaborate on future energy facilities in the Kingdom. The nonâbinding agreement is designed to cover engineering, procurement and construction (EPC) services as well as operations and maintenance support for planned infrastructure in the region.
Hydrogen Systems, a Saudiâbased hydrogen infrastructure developer and operator of Shellâbranded hydrogen refuelling stations, will work with HUI to help convert mixed waste and soâcalled âindestructible plasticsâ into hydrogen fuel.
This MoU builds on Hydrogen Utopiaâs existing collaboration with InEnTec Inc, under which HUI holds an exclusive licence to deploy InEnTecâs plastic wasteâtoâhydrogen technology across the Middle East and North Africa (MENA).
Sattam Alsuwailem, CEO of Hydrogen Systems, highlighted that combining the partnersâ regional EPC and operational expertise with HUIâs gasification technology and InEnTecâs process innovation aims to advance innovative wasteâtoâcleanâenergy projects in Saudi Arabia. HUI said the framework is expected to evolve into definitive project agreements and support engagement with the Saudi Investment Recycling Company as individual projects progress.
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