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
(the "Company" or "HUI")
Investment Registration Certificate by KSA's 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
HUI holds the right to negotiate access to exclusive licenses for the deployment of
For further information, please contact:
+44 7795235181
+44 20 8064 4056
Jon Belliss/Colin Rowbury
+44 20 7399 9400
Dominic Berger
+44 (0)207 432 0505
About
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the