Hydrogen Utopia International PLC (LSE:HUI) has appointed London-based io consulting to provide engineering and strategic advisory services as the company looks to accelerate its UK Sustainable Aviation Fuel and waste plastic-to-hydrogen projects.
Under a newly signed Master Services Agreement, io consulting will support Hydrogen Utopia across project development, applying its capital value process from initial feasibility work through to project definition. The aim is to establish the technical and commercial foundations required to move projects towards financing and eventual development.
Io consulting is a joint venture between McDermott and Baker Hughes, bringing engineering and energy-sector expertise to the partnership. Its work with HUI is expected to focus particularly on the company’s UK Sustainable Aviation Fuel opportunity, including potential funding pathways and engagement with relevant stakeholders.
The agreement comes as the UK develops its domestic SAF industry through measures including the government’s Sustainable Aviation Fuel mandate and the Low Carbon Fuels Fund. Hydrogen Utopia intends to use this policy environment to explore public and private financing opportunities for its low-carbon fuel projects.
The collaboration follows HUI’s recent licensing of InEnTec’s Plasma Enhanced Melter, or PEM, gasification technology for the production of SAF in the UK. By combining access to the technology with io consulting’s project development expertise, the company is seeking to strengthen its ability to advance its pipeline and establish a position in the emerging British SAF market.
More about Hydrogen Utopia International PLC
Hydrogen Utopia International PLC is a UK-listed clean energy company developing technology-led projects designed to convert non-recyclable mixed waste plastics into hydrogen, Sustainable Aviation Fuel and other advanced low-carbon fuels.
Its proposed facilities process waste plastic into syngas, which can subsequently be converted into fuels or used to generate power and heat. The business model also offers the potential for revenue from waste-processing gate fees alongside the sale of energy and fuel products.
HUI focuses on jurisdictions where its projects could benefit from supportive decarbonisation policies and access to government grants, loans or private investment. Through its waste-to-fuels strategy, the company is seeking to participate in the circular economy while addressing demand for lower-carbon energy solutions in sectors including aviation.
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