Hydrogen Utopia International PLC (AQSE: HUI) SIRC partnership talks progress in Saudi Arabia

Hydrogen Utopia International PLC (HUI) has strengthened its strategic engagement with the Saudi Investment Recycling Company (SIRC), the Kingdom’s national waste management authority, with SIRC now actively validating InEnTec’s waste-to-hydrogen technology.

The company’s value proposition emphasises the technology’s capacity to generate low-carbon hydrogen at an estimated cost of around USD 2 per kilogram, while simultaneously addressing waste treatment requirements and creating potential CO₂ supply streams for carbon capture, utilisation and storage (CCUS) and industrial applications, including use by SABIC.

In addition, the process offers a pathway to support low-carbon steel production at Hadeed, potentially delivering a material competitive advantage within the regional steel market.

This acceleration in progress follows the appointment of Iman Ramani and is closely aligned with Saudi Arabia’s Vision 2030 strategy, which prioritises landfill diversion, expanded hydrogen production and the development of a sustainable circular economy.

HUI looks forward to updating the market as discussions with SIRC continue.

Sultan Al-Saif, Executive Director, Saudi Investment Recycling Company, commented: “Having had meetings and information from Hydrogen Utopia, we are now progressing to further steps in the technology validation and business reviews, with a view to InEnTec technology potentially being adopted in the future in the Kingdom of Saudi Arabia.”

Iman Ramani, commented: “It has been an honour to work closely with SIRC as they evaluate the potential of InEnTec’s waste-to-hydrogen technology for deployment in Saudi Arabia. The speed and depth of engagement reflect both the urgency of the Kingdom’s Vision 2030 agenda and SIRC’s commitment to world-class solutions. I am proud to support Hydrogen Utopia International in building this strategic relationship and helping bring cutting-edge circular-economy technologies to the Kingdom. I truly believe that this is just the beginning of what we will achieve with our allies in the Kingdom.”

Aleksandra Binkowska, CEO of Hydrogen Utopia International PLC, commented:

“I would like to express my sincere thanks to SIRC and especially to  Mr Sultan Al Saif for their support in helping to showcase and advance the InEnTec technology within the Kingdom of Saudi Arabia. I firmly believe, as I have said before, that InEnTec’s process is a technology the world has been waiting for, and in the Kingdom it represents not only a pivotal solution for the future but a cornerstone in strengthening Saudi Arabia’s global leadership in low-carbon technologies. I would also like to extend my gratitude to Iman Ramani for his exceptional work on behalf of HUI in the Kingdom, which has been instrumental in the rapid progress we have achieved.”


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