Proposed Acquisition of Helmond Holding Group Corp

Hydrogen Utopia International PLC

27 February 2024

 

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018.  Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

Hydrogen Utopia International PLC

 (the "Company" or "HUI")

Proposed Acquisition of Helmond Holding Group Corp.

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, would like to clarify that the company to be acquired by reverse takeover namely, Helmond Holding Group Corp., a company incorporated in the British Virgin Islands (company registration number 1887785) ("HHG") is in the process of changing its name and it is anticipated to be Essential Energy Holding Group Corp. More information about the group can be obtained from its website: https://www.essentialenergyholding.com

For further information, please contact: 

Hydrogen Utopia International PLC

Aleksandra Binkowska           

[phone]     

Alfred Henry Corporate Finance Limited (LSE Corporate Adviser)

Nick Michaels/Maya Klein Wassink                                                  

[phone]

Novum Securities Limited (Broker)                                                                    

Jon Belliss/Colin Rowbury                              

[phone]

About Hydrogen Utopia International PLC

HUI aims to become one of the leading new European companies specialising in turning non-recyclable mixed waste plastic into hydrogen and other carbon-free fuels, new materials or distributed renewable heat.

A HUI facility uses non-recyclable mixed waste plastic as feedstock and turns it into syngas from which new products and energy can be produced. HUI anticipates that its revenues will be derived from a variety of sources, dependent upon location and configuration of the HUI facilities, including the sale of syngas, hydrogen and other gases, electricity and heat sales, and the payment to it of fees for a given quantity of non-recyclable mixed waste plastic received at a HUI facility.

HUI will target areas where there is significant private sector interest or potential, financial backing is accessible and or where substantial EU and/or government funded sources of grants and loans are or may be available. The global increase in fossil fuel-based energy prices reinforces the need for alternative, price competitive energy sources, which HUI's business model can provide.

 

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