National Hydrogen Limited has launched a capital raise via VCEX to finance the initial stage of constructing its first non-recyclable waste plastic-to-H₂ plant at West Mundijong Industrial Estate, Western Australia, expected to be operational in May 2024.

With the feasibility study already complete at the first West Mundijong site, the Company anticipates it will have a further three operational plants in Singapore, New South Wales, and Western Australia, by Q3 CY24.

National Hydrogen will accelerate the commercialization of these plants and finance its APAC expansion via a planned listing on a favorable exchange in March 2024.