(via NewsDirect)
Helmond operates in the renewable energy sector, focusing on biofuels and bioenergy, with a strong presence in
Binkowska highlighted the strategic fit between the two companies, noting Helmond's established bioethanol business and recognition of hydrogen as the future of energy. The deal involves a reverse takeover, valuing the combined entity at £500 million.
Shareholders of Hydrogen Utopia will receive both cash and shares in the new company, with additional shares contingent on the success of the technology. Binkowska will remain on the board to ensure the technology's implementation, benefiting from Helmond's resources, including land, utilities, and permits. The deal's completion is anticipated by May or June, pending regulatory approval and due diligence.
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