RE: Protos29 Nov 2021 04:21
Oil company interest
The initial focus is on a project in Konin in Poland, but HUI has plans to expand, and is in talks with large oil and gas companies over an agreement.
"If we make a deal with a major energy company, I would expect to roll out in the second half of 2022," HUI founder Aleksandra Binkowska told Platts in an interview.
HUI raised GBP2.2 million ($3 million) in a pre-initial public offer funding round on Sept. 9, and plans to raise a further GBP5 million to GBP7 million in an IPO on the Aquis Growth Market in November.
The company is to use the funds raised to build its first syngas system, to be deployed around the middle of 2022.
Powerhouse Energy is developing a first commercial-scale plant in Ellesmere Port, Cheshire, in the UK. It has secured the site, and is planning first operations from 2023.
Loadsadough