Hydrogen Utopia International and Rocquaine Management Ltd (“RML”) have agreed to work together to investigate potential locations for HUI waste plastic to hydrogen projects in Estonia and other countries.
RML has long provided non-HUI services to the proprietors of a port on the Baltic Sea close to Tallinn, the capital of Estonia. RML thinks there is a chance to build a waste plastic to hydrogen plant at a new technology park being built alongside the port to supply local consumers and to power commercial heavy goods transportation of LNG (liquefied natural gas) and other cargo to the surrounding Baltic regions. This is based on preliminary discussions with the project manager for the port owners.
In accordance with the Cooperation Agreement, RML will present HUI to pertinent parties, and HUI and RML will collaborate to investigate prospective opportunities for the development of waste plastic to hydrogen plants in Estonia and elsewhere. Initially, the Cooperation Agreement states that HUI will cover RML’s reasonable travel and other costs related to the Tallinn project. It stipulates additional payments to be provided to RML and potential equity participation in any waste plastic to hydrogen plant built upon the fulfillment of further defined milestones in relation to that project.
The HUI Directors think that Estonia would be a fantastic location for a HUI factory. One of the three Baltic republics, Estonia is a developed nation with democratic government and a highly developed economy. It is also a member of the EU, NATO, and the OECD.
