Hydrogen Utopia International PLC (LSE:HUI, OTCQB:HUIPF) said it anticipates subsidiary Alister Future Technologies (AFT) will be awarded a grant of up to €300,000 under the EU Just Transition Fund EU Community and Enterprise Grants Scheme.
Co-funded by the Government of Ireland and the European Union, the purpose of the grant is to fund the pilot phase of a waste plastic to hydrogen facility (HUI Facility).
A pilot HUI Facility will enable the technology to be tested and demonstrated; a pre-requisite for the development of a full-scale HUI Facility at Longford in the Republic of Ireland.
The EU Just Transition Fund (EU JTF) is a €169 million investment programme, co-funded by the European Union and the Government of Ireland.
Aleksandra Binkowska, HUI chief executive, said: "I am delighted to see the European Union recognise the potential of our waste plastic to hydrogen technology.
“Years of hard work are paying off, and my vision of the European Union backing the development of our technology is one step closer to reality - their support for our project is a significant milestone."