National H2 has secured a site on West Mundijong Industrial Estate to build its first non-recyclable waste plastic-to-H₂ plant using Powerhouse Energy Group’s groundbreaking technology, which is expected to be operational in the first half of 2024.

Powerhouse has completed a feasibility study, while the local council, Serpentine Jarrahdale Shire, has given their full support for the project and is looking to accelerate the approval process.

National H2 is now launching a capital raise on VCEX to finance the next stages of developing the West Mundijong H₂ plant, which will produce 1,200 tpy of H₂ and have an annual revenue of $6 MM plus.

National H2 is also in advanced discussions with various groups to construct more H₂ plants in Western Australia, New South Wales and Singapore, using Powerhouse's technology.

The Company will accelerate the progression of these plants and finance its APAC expansion via a planned listing on a favorable exchange in the first half of 2024.

After receiving a large amount of interest, National H2 will be taking investment bid applications to ensure investors do not miss out on this rare opportunity that gives seed-level access to a Company with plans to build over 240 H₂ plants across the APAC region.