Hydrogenium PSA has signed an investment agreement with Inno-Gene S.A. and enters New Connect through a reverse takeover (RTO). Inno-Gene S.A. will acquire 76% of Hydrogenium’s shares in exchange for 28,496,800 series H ordinary bearer shares issued by Inno-Gene. After registration, they will constitute 82.13 % of the company’s share capital and in the total number of votes at the company’s general meeting.

– As was the case a dozen years ago in the field of genetics, we now see a ‘green revolution’ in the industry sweeping the world. Hence our decision to expand our operations in this area as well. We want to actively participate in this green energy transition and seize the opportunity based on innovative technologies. I am all the more pleased that we have attracted partners from Hydrogenium PSA with vast experience in this segment and intellectual property rights,” added Inno-Gene CEO Jacek Wojciechowicz.

Hydrogenium has developed a solution for the incredibly efficient conversion of organic compounds in biomass to syngas, used to produce green hydrogen and e-methanol. With the acquisition of Hydrogenium, the Inno-Gene Group’s operations will be expanded to include the production, e-methanol, green carbon dioxide and hydrogen based on plasma biomass gasification technology.