Hydrogen Utopia Share News (HUI)

(Alliance News) - Hydrogen Utopia International PLC on Monday said it is partnering with software developer BPODash LLC on project management in the Middle East and North Africa.

London-based Hydrogen Utopia converts non-recyclable plastic waste into energy sources such as hydrogen and electricity. It has entered a binding outline agreement with the US-based technology firm.

A definitive agreement is expected within the next 180 days. Once this is executed, Hydrogen Utopia will have exclusive rights to integrate the BPOD's cloud platform into waste-to-hydrogen projects across the MENA region.

BPOD offers artificial intelligence-based monitoring and predictive analytics tools, designed to handle industrial company data.

"The technology gives plant operators a clear, real-time view of everything from feedstock intake to final off-take, while using AI to spot potential issues early, predict performance, and guide smarter decisions," Hydrogen Utopia said.

"The result is reduced downtime, impoved efficiency, and stronger profitability," the firm added.

It aims for the tie-up to give its plants "predictive decision-making capabilities" and "deliver energy and digital resilience sustainably in one of the world's most forward-looking markets."

Hydrogen Utopia shares rose 6.5% to 1.60 pence on Monday morning in London, but have fallen 57% over the last 12 months.

The firm noted that one of its shareholders and directors, Richard Fish, is also a shareholder and director of BPOD, but that Fish "recused himself from the board's consideration" of the partnership.

Fish described the deal as "strategic acceleration" towards Hydrogen Utopia's goal of hydrogen delivery at less than USD2 per kilogram.

By Holly Munks, Alliance News reporter

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