Hydrofoils United is a subsidiary of Hydrogen Utopia International (HUI), which is pioneering non-recyclable waste plastics to hydrogen technology.

At the helm of Elkard is Mariusz Krakowski, nephew of Forbes listed, self-made billionaire Roman Karosik, who has built up an empire including metals and chemicals.

Marisuz owns a number of his own enterprises and has developed a keen interest in innovative technologies. He is commercially committed to hastening the development of HUI’s technology in Poland which he believes will help the country achieve energy independence. Elkard sp z.o.o. is based in Torun, north-central Poland.

Elkard and Hydropolis have agreed under the MoU that they will immediately commence work on planning for and creating an HUI Plant through, among other things, identifying a suitable site, co-operating in seeking European or national grants or subsidies for the building of the plant and preparing environmental reports and ancillary documentation.

It is intended that Elkard and Hydropolis will share the costs of this exercise and HUI anticipates that the parties will establish a special purpose vehicle for the financing and operation of the HUI plant in due course.

Elkard has been engaged in designing and installing power and electrical systems for public utilities, industry and residential purposes since 2014.

Mariusz Karkosik, President of Elkard sp z.o.o, said it marks a stepping stone in its relationship, as it begins co-operating in a new field vital to the Polish and European economy.

He said, “I believe that our cooperation will increase our energy independence, reduce CO2 emissions and deliver a real solution to non- recyclable plastics.”

Aleksandra Binkowska, CEO of HUI, said, “Dealing with the second generation of one of the most powerful and successful families in Poland, numerously listed on the Forbes list, encourages me in our battle to commence the first plastic waste to hydrogen facility on the Continent.”

Every year, 368m tonnes of plastic are produced, much of which ends up in oceans. At current rates, there will be more plastic in the sea than fish by 2050.