Houston American Energy Acquires Abundia Global Impact Group, Creating a Publicly Traded Innovator in Low-Carbon Fuels

Core Viewpoint - Houston American Energy Corp. has completed the acquisition of Abundia Global Impact Group, positioning itself as a leader in converting waste plastics into low-carbon fuels and chemical products [1][2][3] Company Overview - Houston American Energy Corp. focuses on renewable energy by converting waste materials into valuable low-carbon fuels and chemicals, utilizing proprietary pyrolysis technology to address the global plastic waste crisis [6] Transaction Highlights - The acquisition creates a platform for future value generation as the fuel and chemical industries shift towards low-carbon solutions and sustainable aviation fuel [3] - Abundia's founder, Ed Gillespie, will serve as CEO and join the Board of Directors, indicating strong leadership continuity [2][3] - The combined company plans to develop large-scale recycling projects, starting with a facility in the U.S. Gulf Coast, which is strategically located for access to waste feedstock and customers [7] Market Opportunity - The transaction targets a multi-billion dollar market, directly addressing the growing global demand for renewable fuels, Sustainable Aviation Fuel (SAF), and recycled chemical feedstocks [7] - The company possesses commercially ready technology that utilizes a proven pyrolysis process to convert waste plastics into valuable fuels and chemicals [7]