Hydrogen Utopia (HUI) has announced its Irish subsidiary, Alister Future Technologies (AFT), has been successful in its application for an EU grant.
The grant will be provided as part of the Interreg Atlantic Area 2021-2027 European Development Fund. The Interreg Atlantic programme budget for 2021-2027 was formally approved by the European Commission last year (2022) and is a €113m ($123m) budget that provides funding for up to 75% of investments through the European Regional Development Fund (ERDF).
The successful application means AFT will be reimbursed for 75% of expenditure of up to €450,000 ($489,937) to be incurred by it in Ireland in identifying a solution in creating value from such plastic waste through processing it into hydrogen and syngas.
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