Hydrogen Utopia International confident in demand surge for medical cannabis
November 08, 2023 at 02:12 pm
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Hydrogen Utopia International PLC (LSE:HUI, OTCQB:HUIPF) CEO Aleksandra Binkowska and Howard White, Executive Director of the same company and 100% owner of Ohrid Organics speak to Proactive's Thomas Warner about HUI's recent step into the medical cannabis sector through an investment in North Macedonia-focused grower Ohrid Organics.
Binkowska explains that her passion for establishing a waste plastic-to-hydrogen facility is behind the decision to partner with Ohrid Organics, emphasising the importance of HUI becoming financially self-sufficient. The shift in strategy is the result of slower than expected progress in garnering governmental grants and a reluctance to ask the market for fresh funding.
Howard White shares his journey as an established investor in waste-to-energy and gives an overview of developments at Ohrid Organics' King Field facility. He expresses confidence in the future of the site and says that he sees the liberalisation of medical cannabis legislation, particularly in conflict-afflicted areas as a potentially lucrative opportunity.
Ohrid Organics highlights on its website that North Macedonia has the lowest cost per gram for cannabis production in Europe.
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Copyright (c) 2023 TheNewswire - All rights reserved., source Press Releases
Hydrogen Utopia International PLC is a United Kingdom-based company. The Company is specializing in converting non-recyclable mixed waste plastic into hydrogen and other carbon-free fuels, new materials or distributed renewable heat. It also focuses on identifying opportunities across continental Europe (and other jurisdictions) to build Hydrogen Utopia plants to provide hydrogen, syngas, electricity and heat to end customers. Its facilities use non-recyclable mixed waste plastic as feedstock and turn it into a syngas from which new products, such as hydrogen and other gases, electricity and distributed heat can be produced. Its technology converts plastics from a waste material that is otherwise difficult to recycle, to valuable hydrogen and syngas products. Its waste plastic to energy plants offers a viable solution, generating syngas from which hydrogen can be extracted or which can be used as a fuel in its own right or as a gas engine fuel for producing electricity.