Houston American Energy Corp. to Acquire Abundia Global Impact Group

In February 2025, Houston American Energy Corp. (HUSA) announced that it has entered into a definitive agreement to acquire Abundia Global Impact Group, LLC (AGIG), a company specializing in converting waste into high-value fuels and chemicals.

As reported, the acquisition supports HUSA’s strategy to diversify its portfolio, expand its global footprint, and execute its comprehensive strategy aimed at driving shareholder value through innovation in the renewable energy sector.

The agreement would be subject to HUSA shareholder approval and standard closing conditions. Under the terms of the agreement, HUSA will acquire 100 percent of AGIG’s issued and outstanding units from its members – and will issue to AGIG’s members several shares of its common stock. According to the information, Abundia Global Impact Group is preparing to build its first advanced plastic recycling facility in Cedar Port, Texas. “The facility represents the first phase of a structured, capital-efficient growth plan aimed at scaling and deploying AGIG’s suite of technologies for producing renewable fuels and chemicals from waste,” Houston American Energy Corp. gave account. The new facility would serve as the hub for its five-year development plan in the USA.

houstonamerican.com, abundiaimpact.com

(Published in GLOBAL RECYCLING Magazine 1/2025, Page 10)