H2 View understands HUI has planned a series of meetings with potential investors in New York State, Atlanta and Florida, after its ordinary shares started trading on the OTCQB Venture Market in late July (2022).

The firm says the main goal is to build awareness of the company and its technology, as it strives to establish a string of hubs in the US converting non-recyclable and end-of-life plastics to hydrogen.

With the Inflation Reduction Act, which offers tax credits for low carbon hydrogen production and hydrogen fuel cell-electric vehicles, having been signed into law in August (2022), HUI believes an opportunity is presenting itself for climate focused companies.

Read more: Win for hydrogen in the US – Inflation Reduction Act to become law

Aleksandra Binkowska, CEO of HUI, commented, “I am delighted and excited to be embarking on a trip to explore possibilities for Hydrogen Utopia in the States, starting with the East Coast.

“I want to engage with private and institutional investors to present the opportunity, our technology and its implications for the clean energy market and North American continent as a whole. I believe that technologies such as ours should be rolled out at a massive scale in order to make a meaningful impact. There is no more time to waste.”

HUI says its three stage thermal process is sealed and significantly less carbon intensive than plastics remediation via combustion, with the added benefit of recovery ‘high-grade’ hydrogen which can be used in a variety of applications.

In July this year (2022), HUI announced it had launched  joint venture with Powerhouse Energy to establish its first operation full-scale waste plastics-to-hydrogen facility in Europe.

Read more: Waste-to-hydrogen: Hydrogen Utopia in JV with Powerhouse Energy for plant in Ireland