The pre-IPO share placement from National H2 Limited is currently available on VCEX. The proceeds will be utilised to finance the early phases of building a network of plastic-to-hydrogen reactors throughout the APAC region.
The company is going to start the pre-FEED design for its first non-recyclable waste plastic to hydrogen plant at West Mundijong Industrial Park in Western Australia, which is anticipated to be operational in May 2024 after finishing the feasibility study.
By Q3 of the year 24 the business expects to have three more plants up and running, one each in Singapore, New South Wales, and Western Australia.
By a planned listing on a favourable exchange in March 2024, National H2 will finance its APAC growth and hasten the commercialization of these four plants.
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