Hydrogen Utopia International Plc, through its Polish subsidiary, Hydropolis United, signed an MoU with Elkard Z.o.o. Sp.K. to develop a plastic waste processing plant designed to produce hydrogen, electricity and heat (HUI Plant).
Elkard has been designing and installing power and electrical systems for public utilities, industry and residential purposes since 2014. Elkard and Hydropolis have agreed under the MoU to immediately commence work on planning for and creating a HUI Plant through. This includes identifying a suitable site, cooperating in seeking European or national grants or subsidies for the building of the plant and preparing environmental reports and ancillary documentation.
It is intended that Elkard and Hydropolis share the costs of this exercise. HUI anticipates that the parties will establish a special-purpose vehicle for the financing and operation of the HUI plant in due course.
Mariusz Karkosik – President of Elkardsp z.o.o., said, “This agreement is a vital steppingstone in our relationship with Hydrogen Utopia International and a recognition of the passion of Aleksandra Binkowska and her team as we start to cooperate in an exciting new field.”
Aleksandra Binkowska, CEO of HUI, said, “Entering into this agreement with Elkard is a great privilege for us, which provides huge encouragement for HUI in its mission to build the first plastic waste to hydrogen facility on the Continent.”