Hydropolis United Sp Zoo has signed a letter of intent (LoI) with RZZO Sp Zoo (the regional municipal waste management company operating in Ostrów Wielkopolski, Poland) for operating plastic to hydrogen plant.
Under the LOI, RZZO has agreed to provide a plot of land at one of its facilities with the necessary utilities to operate a HUI waste plastic to hydrogen plant, incorporating Powerhouse Energy’s DMG technology.
It will assist in permitting the site, sourcing and supplying the waste plastic feedstock, and assistance in procuring funding for the plant from the EU, national or local grants and private funding.
RZZO has also offered its full assistance in finding off-take partners for the hydrogen and energy produced by the plant. It is intended that the heat energy produced by a plant would be fed into a district heating system.
Aleksandra Binkowska, CEO of HUI, said, “RZZO’s ambition as a company, working closely with the city of Ostr ó w Wielkopolski’s local government, clearly demonstrates that together they have an ambition to be ahead of the game.”
Marzena Wodziń, President of RZZO, added, “I believe that an HUI waste plastic to hydrogen plant has the potential to solve the global plastic problem and provide us with the valuable energy that we need.”
Hydropolis United is a subsidiary of Hydrogen Utopia International Plc (a technology company that convert non-recyclable waste plastics to hydrogen). Hydrogen Utopia last week admitted its ordinary shares to trading on the AQSE Growth Market. It raised gross proceeds of £3 million by way of a subscription and placing. Hydrogen Utopia existing cash resources, together with the net proceeds of its fundraising, will be used to fund the pre-build costs of its facility, marketing and business development and working capital.
RZZO works closely with the local government and has a long-term contract to manage municipal waste with the city of Ostrów Wielkopolski. It has built several modern waste management facilities in the region.