Hydrogen Utopia’s reverse takeover by Helmond to create diversified biofuels company

In the UK, Hydrogen Utopia International PLC (HUI) announced a reverse takeover deal with Helmond Holding Group Corp. (HHG), a leading bio-energy company based in the British Virgin Islands. The merger will combine HUI’s innovative technology that transforms non-recyclable mixed waste plastic into hydrogen and other carbon-free fuels, new materials or distributed renewable heat, with HHG’s proven expertise in producing biofuels from various feedstocks.

The directors of both companies believe that the merger will create a strong and diversified company that will be a dominant player in the global markets for both biofuels and hydrogen, two of the most promising sources of renewable energy.