Abundia highlighted key objectives for the year, including the acquisition of RPD Technologies by the first-quarter and the completion of Phase 1 at the Cedar Port Innovation Center by second-quarter.
- Acquisition of RPD Technologies, a Houston-based R&D firm focused on refining, petrochemical, and renewable technologies, will boost the company’s expansion plans.
- The company said Phase 2 of the waste plastics-to-renewable fuels and chemicals plant is expected to be completed in 2029.
- Recently, the company secured expanded rights to Alterra Energy’s recycling technology.
Abundia Global Impact Group Inc. (AGIG) stock saw strong buying interest with the shares popping 25% on Tuesday, after a letter to the shareholders highlighted key objectives for the year.
Abundia said it expects to complete the acquisition of RPD Technologies, a Houston-based Research and Development (R&D) firm focused on refining, petrochemical, and renewable technologies, by the first quarter (Q1) of 2026. The acquisition is expected to boost the company’s expansion plans.
In the second-quarter (Q2), the company is targeting completion of Phase 1 at the Cedar Port Innovation Center, which will serve as its operational headquarters, technology hub, and R&D facility and the “central command” for renewable fuel commercialization.
Based on current plans, Phase 2 of the waste plastics-to-renewable fuels and chemicals plant is expected to be completed in 2029, the company added. It anticipates commercial production and revenue to begin the same year. Sales of sustainable aviation fuel will depend on completing the required certification.
Recently, the company secured expanded rights to Alterra Energy’s recycling technology, allowing it to develop and operate two additional plastics recycling sites in the U.S.
Last year, the company began trading on the NYSE American under the ticker AGIG, after the acquisition of Abundia Global Impact Group and the transition from its former name, Houston American Energy Corp.
Abundia 2025 highlights include the acquisition of the Cedar Port site in Texas to anchor its innovation hub and the launch of Phase 1 development.
The company also secured key engineering and technology partners, including a sustainable aviation fuel (SAF) agreement with BTG Bioliquids, strengthened its balance sheet, and raised $8 million in capital, it added.
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