HUI targets $2 hydrogen as it launches waste-to-energy push in Saudi Arabia

The company is expanding into Saudi Arabia, aiming to deliver clean hydrogen using advanced plasma waste conversion technology to support the industry and align with Vision 2030 goals

- BY ABDULAZIZ KHATTAK

HYDROGEN Utopia International (HUI) is positioning itself as a disruptive player in the clean hydrogen market by targeting production costs of $2 per kg, a benchmark that could transform the economics of low-carbon hydrogen in heavy industry.

Its expansion into Saudi Arabia marks a major step toward achieving this goal, supported by the company's newly granted Investment Registration Certificate (IRC) from the Ministry of Investment of Saudi Arabia (MISA).

The IRC gives HUI full legal standing to operate in the Kingdom as a 100 per cent foreign-owned entity, allowing it to cement commercial partnerships and compete for government tenders, incentives, and R&D programmes aligned with Saudi Vision 2030.

The certification also provides the regulatory foundation HUI needs to scale its waste-to-hydrogen model within the region.