Hydrogen Utopia International PLC - London-based operator of facilities that turn non-recyclable mixed waste plastic into hydrogen and other carbon-free fuels, new materials, or distributed renewable heat - Hires Simon Mann as non-executive chair, starting immediately, as Guy Peters steps back from executive chair to executive director. Mann served in the British Army for 10 years and for a further 10 years as a contractor with private military companies, Hydrogen Utopia said. Between 1992 and 1998, he worked with a South African private military company called Executive Outcomes, which was hired by the Angolan and Sierra Leone governments to fight revolutionary forces. Mann also worked in oil and mining and fundraised for two company start-ups that he co-founded.

‘I believe I am fighting a war. A war against plastic waste which is venomous to our planet and a war against latency and inefficiency,’ says Hydrogen Utopia Chief Executive Officer Aleksandra Binkowska, adding: ‘With Simon Mann’s contacts and willpower, I believe doors will open in places I could have never accessed myself.’

Commented Mann: ‘Having had experience in the extractive industries of mining and oil and gas it may seem surprising that I am now turned green. However, what HUI is about is part of that same cycle: waste plastics - with which the world is awash - come from oil in the first place, while HUI turns that waste plastic back into usable fuel.’

Current stock price: 4.95 pence, down 1.0% in London on Monday

12-month change: down 70%

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