Funding Hydropolis United in Konin, Poland
Poland – Hydrogen Utopia International’s wholly owned subsidiary, Hydropolis United has passed pre-qualification, and made a full application for a €17 million loan from the National Fund for Environmental Protection & Water Management.
Hydrogen Utopia International is pleased to announce that its wholly owned subsidiary Hydropolis United sp. z o.o. passed an initial, stringent pre-qualification process which has enabled it to make an application for a substantial 17 million Euro loan from the NFEP&WM.
Of eight initial applicants, only six enterprises qualified for the next stage of the process to be awarded government funding which is directed solely towards Hydrogen projects. A full application from Hydropolis United was submitted on the 22nd November 2021, and included the concept design, and business model for a waste-to-hydrogen plant in the city of Konin, central Poland.
Hydrogen Utopia is confident that there is a high probability for a positive outcome.
Electron Thermal Processing Equipment BV will undertake the pyrolysis and steam reforming of plastic waste to produce hydrogen rich synthesis gas. Linde Engineering will supply the equipment and expertise for the gas clean-up and hydrogen extraction. The DMG® system to be deployed on the 1.5 hectare site is scalable, based on 40 tonnes of plastic feedstock producing 2.7 tonnes of 99.999 % road fuel quality hydrogen, and any multiple of this.
The benefits of the loan include a favourable interest rate and repayment plan, and the ability to be eligible for a further sum of just over 2 million Euro in non-repayable grant funding, if the project delivers the anticipated results including the required level of clean hydrogen with CO2 savings.
Konin is situated in Eastern Wielkopolska which has traditionally been a major lignite mining area, but is now considered a coal phase out region. Lignite has a particularly heavy environmental footprint - the scheme proposed by Hydrogen Utopia would enable Konin to transition away from fossil fuels, whilst creating employment and the opportunity to showcase innovative technology.
Should Hydropolis United sp. z o.o. be awarded the 17 million plus public funding, it is likely to attract considerable private investment having achieved such an endorsement for its project concept, technology and feasibility from the Polish Government.
Aleksandra Binkowska, CEO of Hydrogen Utopia International PLC commented: “DMG is the only technology which I believe, can fix the plastic problem and produce hydrogen. Both HUI and its wholly owned subsidiary Hydropolis United have worked very hard to prepare a state of the art application, presented to the Polish Government, and I believe that we will be successful. The Polish Government recognises the importance of this technology and its substantial impact on Polish society.“