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Highlights
• Transaction establishes platform focused on waste-to-fuel conversion and chemical recycling
• Abundia founder Ed Gillespie appointed CEO of the combined company
• U.S. Gulf Coast project planned to scale proprietary pyrolysis-based fuel production

Houston American Energy Corp. (NYSE American:HUSA) has completed its acquisition of Abundia Global Impact Group, LLC, forming a company focused on converting waste plastics into low-carbon fuels and chemical feedstocks. The deal was finalized on July 1, 2025, with Abundia becoming a wholly owned subsidiary of HUSA through an equity exchange.

The combined company will be led by Abundia’s founder Ed Gillespie, who now serves as Chief Executive Officer and joins the board. Peter Longo, formerly with HUSA, will serve as Chairman of the Board. Other key appointments include Lucie Harwood as Chief Financial Officer and Joseph Gasik as Chief Operating Officer.

According to company leadership, the acquisition provides HUSA with access to Abundia’s backlog of project opportunities, proprietary pyrolysis-based technology, and strategic partnerships within the recycling and low-carbon fuels industries. The initial post-acquisition development focus is a large-scale recycling project planned for the U.S. Gulf Coast, where infrastructure, feedstock supply, and access to customers are already in place.

HUSA’s strategic shift through this transaction positions it within the growing global market for renewable fuels, including sustainable aviation fuel and recycled chemical inputs. No financial consideration figures were disclosed in the announcement.