Hydrogen Utopia International (HUI) has moved into cannabis cultivation to support its green hydrogen production technology
HUI developed a technology and business model for producing hydrogen, aiming to address climate change and turn non-recyclable and end-of-life material into alternative energy sources.
To accelerate the development of its first plant, HUI has taken out an option for a 49% stake in medical cannabis cultivator, Ohrid Organics, to make it more financially self-sufficient. HUI believed the stake would help fund its core business, building the world’s ‘first’ plastic waste-to-hydrogen plant.
Read more:HUI to take major stake in medical cannabis producer with hydrogen plans for North Macedonia
Operating a cultivation facility in North Macedonia, Ohrid Organics recently achieved a milestone in terms of medical cannabis certification, receiving approval for the Control Union Medical Cannabis Standard – Good Agricultural Practice. This covers medical cannabis propagation, cultivation and post-harvest processes.
The company’s Directors stated, “This certification is a pivotal achievement. It grants us access to the thriving and well-established Israeli medical cannabis market.”
Last June (2023), H2 View’s Content Director, Rob Cockerill, described HUI’s project as a significant example of the circular economies approach in evidence and the low-carbon hydrogen value chain being built-out.
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