Houston American Energy, Abundia Global Impact Group partner with Nexus PMG for plastic recycling facility.
PorAinvest
lunes, 18 de agosto de 2025, 8:34 am ET1 min de lectura
HUSA--
Nexus PMG will provide front-end engineering, project de-risking services, and strategic support for the development of the Abundia Innovation Hub. Their scope includes technical reviews, project specifications guidance, and supervision of pre-FEED and FEED studies, leading to the final investment decision (FID). This appointment signals a significant step forward in HUSA's renewable energy diversification strategy [1].
The project comprises a commercial-scale plastics recycling facility and an innovation hub, addressing plastic waste reduction and advancing decarbonization in the fuels and chemicals sectors. The engineering partnership will encompass technical reviews, project specifications, and supervision of pre-FEED and FEED studies, critical milestones in infrastructure project development [1].
The Cedar Port Industrial Park location in Baytown provides strategic advantages, including access to transportation infrastructure and proximity to petrochemical facilities that could serve as potential customers or partners. This project represents a meaningful diversification for HUSA beyond traditional energy operations into the growing circular economy and sustainable infrastructure sectors [1].
While financial details and timeline projections are not specified, the structured approach to development with a clear path to final investment decision (FID) suggests disciplined project management. The engagement of an established engineering partner with renewable fuels and advanced recycling experience significantly enhances the technical credibility of HUSA's renewable energy initiatives [1].
References:
[1] Houston American Energy Corp. (NYSE American: HUSA). (2025, Aug. 18). Houston American Energy Corp. and Abundia Global Impact Group Appoint Nexus PMG as Engineering Partner for Plastics Recycling Facility. Retrieved from https://www.stocktitan.net/news/HUSA/houston-american-energy-corp-enters-their-next-stage-of-development-8bhwmfhjm18b.html
Houston American Energy Corp. and Abundia Global Impact Group have appointed Nexus PMG as their engineering and service provider for a plastics recycling facility and innovation hub at the Cedar Port Industrial Park in Baytown, TX. Nexus will provide front-end engineering and project de-risking services, accelerating the project's development. The company will also support the development of the Abundia Innovation Hub with a multidisciplinary team experienced in renewable fuels, advanced recycling, and sustainable aviation fuel technologies.
Houston American Energy Corp. (NYSE American: HUSA) and Abundia Global Impact Group (AGIG) have appointed Nexus PMG as their engineering and service provider for AGIG's Plastics Recycling Facility and Innovation Hub project in Baytown, Texas. The project, located at the Cedar Port Industrial Park, aims to develop advanced recycling and sustainable aviation fuel (SAF) technologies [1].Nexus PMG will provide front-end engineering, project de-risking services, and strategic support for the development of the Abundia Innovation Hub. Their scope includes technical reviews, project specifications guidance, and supervision of pre-FEED and FEED studies, leading to the final investment decision (FID). This appointment signals a significant step forward in HUSA's renewable energy diversification strategy [1].
The project comprises a commercial-scale plastics recycling facility and an innovation hub, addressing plastic waste reduction and advancing decarbonization in the fuels and chemicals sectors. The engineering partnership will encompass technical reviews, project specifications, and supervision of pre-FEED and FEED studies, critical milestones in infrastructure project development [1].
The Cedar Port Industrial Park location in Baytown provides strategic advantages, including access to transportation infrastructure and proximity to petrochemical facilities that could serve as potential customers or partners. This project represents a meaningful diversification for HUSA beyond traditional energy operations into the growing circular economy and sustainable infrastructure sectors [1].
While financial details and timeline projections are not specified, the structured approach to development with a clear path to final investment decision (FID) suggests disciplined project management. The engagement of an established engineering partner with renewable fuels and advanced recycling experience significantly enhances the technical credibility of HUSA's renewable energy initiatives [1].
References:
[1] Houston American Energy Corp. (NYSE American: HUSA). (2025, Aug. 18). Houston American Energy Corp. and Abundia Global Impact Group Appoint Nexus PMG as Engineering Partner for Plastics Recycling Facility. Retrieved from https://www.stocktitan.net/news/HUSA/houston-american-energy-corp-enters-their-next-stage-of-development-8bhwmfhjm18b.html
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