Hydrogen Utopia International Raises £850,000 and Names Clear Capital Markets as Sole Broker

HUI Completes £850,000 Equity Fundraise at 2.0p Per Share

Hydrogen Utopia International PLC announced the successful completion of a £850,000 fundraising by issuing 42.5 million new ordinary shares at 2.0p per share. This capital infusion supports the company’s focus on converting non-recyclable waste plastic into hydrogen and alternative fuels. The net proceeds will be strategically allocated to expanding operations in Saudi Arabia, advancing the Fortress Fuels initiative, and extending exclusive licence agreements with technology partner Inentec.

The fundraising coincides with notable volatility in global energy markets. Brent crude oil surpassed $100 per barrel just before the announcement amid escalating Middle East tensions, while US Gulf Coast jet fuel spot prices traded near $3.57 per gallon. This environment highlights investor interest in alternative energy sources and the strategic value of technologies producing non-fossil-fuel-derived fuels. The Board views these capital deployment opportunities as key to expanding HUI’s geographic reach and diversifying its operations.

Clear Capital Markets Takes Over as Sole Broker

Following the departure of its previous broker, Hydrogen Utopia International appointed Clear Capital Markets as sole broker with immediate effect. Contact details were provided in the announcement. The company expressed gratitude to its former broker for prior support, ensuring a smooth transition. This broker change typically reflects strategic repositioning within the company’s advisory framework.

The timing aligns with the successful fundraising and the expected admission of the new shares to the Official List and Main Market trading. Clear Capital Markets is positioned to support HUI’s capital markets activities and investor relations as the company progresses with its expansion plans. The appointment ensures continuous broker representation throughout the admission process, anticipated on or around 30 July 2026 at 8:00 a.m.

Strategic Expansion in Saudi Arabia and Fortress Fuels Initiative

HUI has identified Saudi Arabia as a key expansion market, with the recent capital raise funding this geographic diversification. The Middle East expansion marks a significant step for the UK-headquartered company targeting global alternative fuel opportunities. Saudi Arabia’s energy sector, combined with government initiatives for economic diversification and clean energy, offers promising prospects for deploying HUI’s waste plastic conversion technology. Specific details on timelines, facility sites, or capacity projections were not disclosed, though the Board regards the opportunity as substantial.

Alongside Saudi expansion, the company is advancing the Fortress Fuels initiative, another primary focus for the raised capital. While operational specifics and timelines remain undisclosed, the Board’s emphasis indicates confidence in the initiative’s revenue potential and alignment with HUI’s core business. This geographic and operational diversification strategy aims to mitigate concentration risk and capitalize on multiple market opportunities.

Extension of Exclusive Licence Agreements with Inentec

Part of the fundraising proceeds will extend HUI’s exclusive licence agreements with technology partner Inentec. Inentec’s technology is central to converting non-recyclable mixed waste plastic into syngas, from which hydrogen, fuels, and other products are derived. Extending these licences secures continued access to proven technology and safeguards operational capabilities. Specific terms, duration, or financial details of the extension were not disclosed.

The decision to extend rather than replace agreements reflects satisfaction with the existing partnership and confidence in scaling the conversion process across multiple regions. This approach supports operational continuity while expanding capacity in new markets like Saudi Arabia. Securing licence agreements underscores the importance of long-term technology access to HUI’s growth and competitive positioning in the waste-to-fuel sector.

Focus on JP8 and Sustainable Aviation Fuel Markets

HUI aims to produce JP8 and Sustainable Aviation Fuel (SAF), targeting high-value fuel markets serving military and commercial aviation. JP8 is a widely used military jet fuel, while SAF is increasingly mandated by governments to reduce aviation emissions. Both markets offer premium pricing and benefit from supportive regulations and incentives. HUI’s use of waste plastic feedstock provides a distinct pathway to SAF production, potentially offering cost and carbon credit advantages.

The fundraise supports advancing these ambitions, though specific production goals, commercialization timelines, or revenue forecasts were not shared. This aligns with global aviation decarbonization efforts, including mandatory SAF blending in Europe and beyond. HUI’s technology transforms waste plastic—a significant environmental challenge—into valuable jet fuels, combining waste management benefits with premium fuel production. This strategic positioning targets sectors with strong growth, regulatory support, and pricing power.

Admission of New Shares to Official List and Main Market on 30 July 2026

An application has been made for the 42.5 million new ordinary shares to be admitted to the Equity Shares (Transition) Category of the Financial Conduct Authority’s Official List and for trading on the London Stock Exchange’s Main Market. Admission is expected at 8:00 a.m. on or around 30 July 2026. The new shares will rank pari passu with existing ordinary shares, having identical rights, voting power, and dividend entitlements.

Listing under the Equity Shares (Transition) Category complies with FCA regulations. Trading on the Main Market ensures institutional-grade liquidity and visibility. The admission date finalizes the capital raise and enables trading of the new shares, subject to LSE rules and market conditions. Investors should note trading will commence once admission is effective.

Post-Admission Share Capital Totals 475.1 Million Shares

Following admission, HUI will have 475,135,273 ordinary shares outstanding, each with one voting right. The company holds no treasury shares, so all issued shares carry voting rights. This transparent capital structure means no shares are reserved for reissue or contingent capital without shareholder approval. The share count is important for shareholders assessing dilution and earnings per share impacts from the fundraise.

Disclosure of the post-admission share count provides clarity on voting rights and dilution. Existing shareholders will experience dilution from the new shares, with the exact impact depending on the pre-fundraise share count. The absence of treasury shares simplifies capital structure and facilitates future fundraising or acquisition transactions. The pari passu ranking ensures equal rights for new and existing shareholders.

Waste Plastic Conversion Drives Multiple Revenue Streams

HUI’s core model converts non-recyclable mixed waste plastic into syngas, enabling production of hydrogen, fuels, electricity, and heat. Revenues may come from selling syngas, hydrogen, other gases, electricity, heat, and fees for processing waste plastic at HUI facilities. This diversified revenue model reflects the flexibility of the conversion technology across different markets and customer needs.

Advantages of waste plastic feedstock include abundant supply in developed markets, environmental benefits from diverting plastic from landfill or incineration, and potential government incentives. Generating revenue from multiple sources creates a resilient business less reliant on any single income stream. This flexibility allows optimization based on local market conditions, regulations, and demand. Converting waste into valuable fuels and energy aligns with circular economy principles favored by investors, corporations, and policymakers worldwide.

Favourable Market Conditions Amid Rising Global Energy Prices and Government Support

The announcement places HUI’s opportunity within the context of global energy dynamics. Brent crude oil exceeded $100 per barrel amid Middle East tensions, and US Gulf Coast jet fuel spot prices were about $3.57 per gallon at announcement time. Elevated energy prices increase demand for alternative, cost-competitive energy sources like those HUI offers. The company targets markets with strong private sector interest, available financial backing, and government grants or loans.

Government support for alternative fuels remains robust across jurisdictions. The EU mandates SAF blending in aviation fuels, creating regulatory demand for waste plastic-derived jet fuels. The US offers tax incentives for sustainable fuel production, while the Middle East invests in clean energy and economic diversification. These supportive policies provide tailwinds for HUI’s Saudi expansion and SAF development. Rising fossil fuel prices improve the economics of alternative fuels, potentially reducing subsidy needs for HUI’s projects.