WTTM
Jan. 18 (Renewables Now) – British start-up Hydrogen Utopia International Pls (AQSE:HUI) announced on Tuesday that it has signed a letter of intent (LOI) with Mitsubishi Heavy Industries Ltd (TYO:7011) that could lead to the introduction of HUI’s plastic waste-to-hydrogen facilities in Japan.
Under the terms of the letter of intent, the Japanese engineering giant will review the technology and explore business opportunities for the development of plants that would use non-recyclable mixed plastic waste for hydrogen production.
These plants would incorporate proprietary DMG technology developed by HUI partner Powerhouse Energy Group Plc (LON:PHE).
Mitsubishi will have one year to review the technology, unless extended by mutual consent, HUI said. The potential deployment of the technology will be the subject of separate agreements between the parties.
London-based HUI was launched in late 2020 by its CEO Aleksandra Binkowska. The company is dedicated to developing facilities capable of converting non-recyclable plastics into carbon-free fuels, new materials or distributed renewable heat. Its activities will range from generating power for local communities to selling syngas, hydrogen, electricity and heat to end customers, according to HUI’s website.
Earlier this month, HUI completed its listing on the AQSE Growth Market.