Abundia Global Impact Group Secures Licensing And Partnership Agreement With Topsoe For HydroFlex® Low Carbon Upgrade Technology

Selection of Topsoe’s globally validated upgrading platform supports commercialization strategy and 2026 path to final investment decision

HOUSTON, TX, March 12, 2026 (GLOBE NEWSWIRE) -- Abundia Global Impact Group, Inc. (NYSE American: AGIG) (“Abundia” or the “Company”), a low-carbon energy solutions company focused on converting biomass and plastics waste into high-value low-carbon fuels, today announced that it has entered a multi-project licensing agreement with Topsoe, a leading global provider of technology and solutions for the energy transition, to deploy its HydroFlex® technology for the upgrading process at Abundia’s first waste-plastics-to-renewable products recycling facility in Baytown, TX.

The agreement includes a long-term commitment to deploy HydroFlex® across multiple future facilities and represents a core component of Abundia’s 2026 development plan toward final investment decision. The selection of Topsoe strengthens Abundia’s current plastics waste commercialization pathway and underscores its strategic focus to integrate high-quality, reliable, commercially validated technologies at scale across its multi-feedstock conversion and refining platform.

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“Guided by the technical expertise of our engineering partner Nexus PMG, we are confident in the selection of Topsoe’s proven commercial-scale upgrading process,” said Ed Gillespie, Chief Executive Officer of Abundia. “HydroFlex® is recognized globally for its industry leading performance, reliability, and ability to produce high quality renewable fuels and chemicals that meet or exceed international specifications. The inclusion of Topsoe’s upgrade solution to our technology stack meaningfully de-risks our development path, reinforces the bankability of our technology configuration, and supports disciplined execution of our 2026 commercialization plan.”

“Topsoe’s technology and solutions are enabling the conversion of liquified plastic waste to fuels. This exciting project will significantly increase the production of Renewable Diesel & SAF in the U.S.,” said Henrik Rasmussen, Managing Director of Topsoe Americas. “We’re thrilled that Abundia has chosen Topsoe’s HydroFlex® technology for this milestone project and we’re excited to see the project become operational.”

A critical component of Abundia’s low carbon renewables production strategy is the integration of the front-end conversion technology through its partnership with Alterra and the back-end upgrading capability provided by Topsoe’s HydroFlex®. The synergies of this technology configuration support Abundia’s distinct vertically integrated waste-to-value model. These technology partnerships are at the foundation of the business strategy by positioning the Company to produce commercial grade "drop-in" renewable fuels and chemicals with consistent yield that meets the highest global regulatory performance standards.

Abundia - Topsoe Collaboration Highlights

Long term technology alignment supports scale development

A multi-project license to operate Topsoe’s upgrading technology reinforces Abundia’s operating strategy to deliver economic value across stakeholders.

Strengthened competitive positioning

Establishes a regional industry moat based on territory exclusivity terms which help to protect Abundia’s integrated technology solution and supports defensibility of its regional development pipeline and overall market position.

Independent technical validation

Infrastructure engineering firm Nexus PMG conducted technical diligence supporting the selection of Topsoe’s upgrading platform as a capital-efficient and regulatory-ready pathway toward commercialization.

About Abundia Global Impact Group, Inc.

Abundia Global Impact Group, Inc. (NYSE American: AGIG), formerly Houston American Energy Corp., is a low-carbon energy company focused on converting waste into value. Headquartered in Houston, Texas, we are developing commercial-scale facilities that transform waste plastics and biomass into drop-in fuels and low-carbon chemical feedstocks. Our flagship project at Cedar Port positions Abundia at the center of the Gulf Coast’s energy and chemical infrastructure, with access to feedstock supply chains, upgrading partners, and end markets.

For more information, please visit www.abundiaimpact.com.

About Topsoe

Topsoe is a leading global provider of advanced technology and solutions for the energy transition. Built on decades of scientific research and innovation, we are working with customers and partners to drive energy resiliency and to achieve their sustainability goals. We offer world-leading solutions for transforming renewable resources into fuels and chemicals, and we provide technologies needed to produce low-carbon and conventional fuels and chemicals as well as ensuring clean air. We were founded in 1940 and are headquartered in Denmark, with over 2,800 employees serving customers all around the globe. To learn more, visit www.topsoe.com.