HydrogenOne Capital, a specialist investor in the clean hydrogen sector, aims to launch a £250m investment company at the end of this month with the backing of INEOS Energy, a large chemical company.
If successful, the HydrogenOne Capital Growth trust will be the first London investment trust dedicated to clean hydrogen. The investment company has a target total return of 10-15% per annum by investing in clean hydrogen through a portfolio of hydrogen and related business. The company will raise the funds through a placing, an offer for subscription and an intermediaries offer of ordinary shares of 1p each in the capital of the company at an issue price of 100p per ordinary share. INEOS, the world's third largest chemical company, has committed to purchasing at least 25m ordinar...
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