- Russia is currently the world’s largest exporter of fertilizers, accounting for 23% of global ammonia exports
- Russia’s attack on Ukraine has shaken up the fertilizer industry supply chain, subsequently affecting fertilizer prices, and overall global food security
- FuelPositive, through its containerized green ammonia production technology, is working towards decentralizing ammonia production and ultimately eliminating reliance on global supply chains for the product
- Through its first demonstration project in Manitoba, Canada, the company seeks to showcase what its technology is capable of, and the benefits associated with its green ammonia
Recent global events have created a stark wake up call, making it clear it is about time the global fertilizer industry adopted more sustainable fertilizer production and distribution methods. But, more importantly, changes ought to be implemented sooner rather than later, particularly since it is projected that fertilizer prices will only increase globally, something that is bound to play out over many years to come.
The war in Ukraine has caused disruptions and raised significant concerns in the global fertilizer sector. With Russia being the world’s largest exporter of fertilizers, accounting for 23% of global ammonia exports and over 40% of the world’s potash supply, reality is slowly hitting the industry on its overreliance on this country for fertilizer (https://nnw.fm/y5sK4).
However dire it might be, this issue can be easily remedied through the decentralization of fertilizer production. No company is more suitable to push for that than FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF). As an enterprise focused on licensing, partnership, and acquisition opportunities relating to energy-efficient technologies and sustainability, FuelPositive’s flagship product, a containerized green ammonia production system, has proven to be a viable alternative from environmental and cost-savings standpoints.
FuelPositive’s green ammonia production system uses renewable energy to produce nitrogen from air and hydrogen from water to synthesize green ammonia using its patent-pending converter technology. In addition, the containerized nature of the system allows for the process to be decentralized, giving farmers the ability to economically produce, on site, the amount of ammonia that they need. Ultimately, this allows them to end supply chain dependence and fluctuations with an almost negligible carbon footprint.
Already, the Ukraine war has put a dent into the European Union’s (“EU”) Farm to Fork (“F2F”) strategy that sought to cut the use of pesticides in the EU by 50% while increasing organic farming production to 25%, up from 7.5%. In addition, the war has more than doubled the global price of ammonia. This cost is being transferred to the end user – the farmer – and to consumers who are now incurring increased food prices (https://nnw.fm/YHnsf).
In what marks a significant milestone for FuelPositive, the company has announced a letter of intent has been signed with its first green ammonia demonstration project partners, Tracy and Curtis Hiebert, farmers based in Manitoba, Canada. The production system, which will sit on the farmers’ 11,000-acre family-operated plant-crop farm, will be an excellent avenue to showcase what it is capable of and highlight a more viable alternative to mainstream ammonia in the market today (https://nnw.fm/5qtDS).
“We are excited to be working with Tracy and Curtis and their family on our first demonstration project,” noted Ian Clifford, the Chief Executive Officer (“CEO”) and Board Chair of FuelPositive.
“The family has been working with anhydrous ammonia since the late 1960s when it was first introduced in Manitoba, so the Hieberts are already knowledgeable and comfortable working with anhydrous ammonia. As well, they want to gain control of their supply of fertilizer after experiencing huge price increases and a lack of reliable supply over the past number of years,” he added.
Mr. Clifford notes that with the FuelPositive system, the Hieberts will go carbon-free with their ammonia production and do away with a supply chain currently in shambles due to the ongoing Russian-Ukraine war. In addition, they will produce the supply they need on their land, making their entire production self-sustaining and lean, in terms of associated production costs.
“We pre-bought our ammonia this fall at around $1,200 a tonne, and I understand that the price is double that now,” noted Curtis Hiebert.
“The volatility is what we don’t like in the market. It’s scary. The FuelPositive system will give us stability. That’s what we like about it. It’s stabilizing the supply and stabilizing the price,” he added.
Through projects such as this, FuelPositive proves what its technology is capable of. More importantly, it showcases the potential of green ammonia in empowering farmers and bringing order and sanity to the fertilizer industry. Recent events show how reliance on mainstream fertilizer sources can be detrimental to food security. It has also shown why it is time to revisit and redefine fertilizer production, a conversation that FuelPositive is leading.
The Hieberts’ production system is scheduled for completion in late summer 2022 and marks the first of many such demonstration projects for FuelPositive going forward.
For more information, visit the company’s website at www.FuelPositive.com.
NOTE TO INVESTORS: The latest news and updates relating to NHHHF are available in the company’s newsroom at https://nnw.fm/NHHHF
NetworkNewsWire (“NNW”) is a financial news and content distribution company, one of 50+ brands within the InvestorBrandNetwork (“IBN”), that provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information, please visit https://www.NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork