Abundia Global Impact Group Inc's Business Segments

Abundia Global Impact Group, Inc. (AGIG), formerly Houston American Energy Corp., transitioned from an independent oil and gas company to a low carbon energy solutions company following its acquisition of Abundia Global Impact Group LLC in July 2025. The company retains legacy oil and gas assets, operated as a separate, non-material segment. AGIG focuses on developing and commercializing low carbon fuels and renewable chemical products derived from waste plastics and biomass feedstocks using licensed and proprietary pyrolysis technologies. These technologies convert waste into hydrocarbon products compatible with existing refining and distribution infrastructure. AGIG is in the development and precommercial stage, engaged in engineering, permitting, and pilot testing, with commercial operations contingent on securing capital and regulatory approvals. Planned products include renewable diesel, sustainable aviation fuel, and renewable naphtha, intended as drop-in replacements for conventional fuels. The company’s modular facilities are primarily located at the Cedar Port Renewable Energy Complex in Baytown, Texas. AGIG has contractual agreements in Europe to sell crude pyrolysis oil and targets fuel distributors, refiners, airlines, marine fuel customers, and chemical manufacturers. As of December 31, 2025, AGIG employed two full-time employees. The company operates in a competitive waste-to-liquid fuel market and is subject to environmental regulations affecting its exploration and production activities.

The company operates through two reporting segments: legacy oil and gas (O&G) operations and emerging renewables initiatives (Renewables). These segments provide separate discrete information used by the chief operating decision maker (CODM) to allocate resources and evaluate performance.