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.
4 November 2025
Hydrogen Utopia International PLC
(the "Company" or "HUI")
Hydrogen Utopia International PLC (LSE: HUI), a company holding the right to negotiate access to exclusive licenses for the deployment of InEnTec's proven PEM Melter technology and developing its own technology to convert non-recyclable plastic waste into hydrogen and other low-carbon fuels, is delighted to announce that it has been granted an Investment Registration Certificate by the Ministry of Investment of Saudi Arabia ("MISA").
The MISA Investment Registration Certificate provides HUI with full legal standing and authorisation to operate in the Kingdom as a 100% foreign-owned entity. This enables HUI to establish a Saudi branch or subsidiary, hire personnel, lease facilities, and participate in both public and private-sector projects. This framework positions HUI to engage with leading Saudi entities in advancing plastic waste-to-hydrogen and decarbonisation projects in the region.
The Investment Registration Certificate also grants HUI eligibility to access Saudi government tenders, incentive schemes, and research and development collaborations under Vision 2030.
Vision 2030 is Saudi Arabia's national transformation programme, a comprehensive strategic framework designed to diversify the Kingdom's economy, reduce its dependence on oil revenues, and accelerate the transition to a sustainable, innovation-driven future. A central pillar of Vision 2030 is the development of renewable energy and low-carbon technologies, supported by large-scale national initiatives.
HUI holds the right to negotiate access to exclusive licenses for the deployment of InEnTec's TRL9 Plasma Gasification Technology across the Middle East and North Africa (MENA) region. This proven and patented technology converts non-recyclable waste plastic and hazardous waste into low-carbon, low-cost hydrogen and syngas, offering a scalable and commercially viable route to industrial decarbonisation, especially in the steel industry, to replace natural gas with hydrogen in the DRI steel process.
Aleksandra Binkowska, CEO of Hydrogen Utopia International PLC, commented: "Securing a MISA Investment Registration Certificate represents a major step forward for HUI. It gives us a formal platform to establish operations in Saudi Arabia and to bring our proprietary circular economy technologies to one of the most ambitious clean energy markets in the world. I would also like to extend my sincere thanks to Iman Ramani, whose professionalism and dedication were instrumental in securing this Investment Registration Certificate. We are thrilled to have him representing HUI in Saudi Arabia and helping us build lasting relationships in the Kingdom."
For further information, please contact:
Hydrogen Utopia International PLC
Aleksandra Binkowska
+44 7795235181
Alfred Henry Corporate Finance Limited (LSE Corporate Adviser)
Nick Michaels/Maya Klein Wassink
+44 20 8064 4056
Novum Securities Limited (Broker)
Jon Belliss/Colin Rowbury
+44 20 7399 9400
Capital Plus Partners Limited (Broker)
Dominic Berger
+44 (0)207 432 0505
About Hydrogen Utopia International PLC
HUI aims to become one of the leading new European companies specialising in converting 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.