Hydrogen Utopia International (LSE:HUI) said on Wednesday that it could not explain a significant decline in its share price on 10 November, with the board stating it is not aware of any information or development behind the move.
The London-listed developer of green hydrogen and waste-to-fuels technology, which is pursuing a sustainable aviation fuel (SAF) project in northeast England through its subsidiary HUI Advanced Fuels, used the statement to restate its focus on aviation fuel security and defence-linked alternative fuel technologies.
HUI confirmed it is engaging with major aircraft manufacturers, international oil companies, NATO-related stakeholders and the UK government over secure and diversified fuel supplies, and said it has been represented at the Network for Security Excellence and Collaboration, a UK-wide body linking government, industry and academic expertise on national security and resilience.
The company pointed to a warning made in April by Willie Walsh, Director General of the International Air Transport Association, that Europe could face flight cancellations due to a shortage of jet fuel.
"The ability to convert non-recyclable waste into strategically important fuels represents an increasingly relevant opportunity, addressing both environmental challenges and the need for greater energy independence", HUI said.
Read more about Hydrogen Utopia International
- 02/11/26Hydrogen Utopia picks Honeywell for planned UK SAF facility
- 01/09/26HUI clears indicative eligibility check for UK fuels grant
- 04/06/26Hydrogen Utopia forms Fortress Fuel to target military fuel security
The statement follows a run of project milestones for HUI, including the selection of Honeywell Technologies' licensing and process technologies for its planned northeast England SAF facility, announced earlier this month, and an indicative eligibility check for the UK's Low Carbon Fuels Fund.
The company said it will continue to update shareholders on material developments in line with its regulatory obligations.