Hydrogen Utopia International PLC, a pioneering firm specializing in transforming non-recyclable mixed waste plastic into hydrogen, carbon-free fuels, new materials, and distributed renewable heat, recently announced the resignation of Keith Riley from his role as Executive Director. Riley’s decision to step down is motivated by his desire to balance his other professional commitments, notably his role as Acting Chief Executive Officer of Powerhouse Energy Group Plc. His tenure with the Company will officially conclude on May 31, 2023.
The Executive Chairman of Hydrogen Utopia International (HUI), Guy Peters, expressed the board’s gratitude towards Riley, stating, “The board wishes to thank Keith for his contribution to the development of the Company and wishes him every success in his future endeavours.”
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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