- FuelPositive Corp. is a clean energy solutions innovator focused on delivering accessible and affordable alternatives to planet-polluting fuel systems and ammonia production systems, particularly in the ever-important agricultural sector
- The war in Ukraine has heightened global food security concerns already raised by the COVID-19 pandemic and ongoing planetary climate change, given the amount of food, fertilizer and fuel annually sourced from Ukraine and Russia
- FuelPositive’s IP promotes local generation of green, nitrogen- and hydrogen-rich ammonia for earth-friendly energy and agricultural needs
- FuelPositive plans to begin rolling out prototypes of its intellectual property this summer — a portable, modular, environmentally safe system for producing ammonia on site, as well as hydrogen as a byproduct
The war in Ukraine is accelerating international food supply and climate change concerns, and indirectly demonstrating the importance of efforts by companies such as clean energy solutions innovator FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF) to establish a more locally reliant, green supply chain for energy resources, food production and sustainable energy storage systems.
FuelPositive is developing a fully portable system for producing and storing green, hydrogen-dense anhydrous ammonia, with a potential end-use application for converting the ammonia to hydrogen and a non-polluting combustion process for dealing with any potential emissions.
Just as ammonia is an efficient carrier of hydrogen, for green energy, it is also an efficient carrier of nitrogen, a key ingredient for agricultural fertilizer. As a result, agriculture is the primary user of ammonia. The problem comes from the application of traditional ammonia production, which creates large greenhouse gas emissions, not to mention the emissions associated with the transportation of grey ammonia via a complex and unreliable supply chain.
FuelPositive’s green ammonia production system allows farmers to economically produce, on site, the amount of ammonia they need, thereby avoiding supply chain dependence and huge cost fluctuations – all with no carbon emissions. Whether they run on hydroelectric power or windmills or solar panels, etc., FuelPositive’s prototype units are being built to produce up to 300 kg/day of green anhydrous ammonia, which is enough to provide fertilizer and fuel to farms that range in size from hundreds to thousands of acres.
FuelPositive’s prototype modular systems will begin rolling out in the late summer of 2022.
The company’s recent announcement that experienced global agricultural product operations leader Derek Boudreau has joined FuelPositive as a strategic adviser responsible for agricultural implementation, highlighted the build-up toward commercialization of the company’s IP. Boudreau comes to FuelPositive after more than 27 years with John Deere Company.
“(Boudreau’s) vast experience working in sales, management, manufacturing and distribution with agricultural equipment and internal combustion engines, will help ensure FuelPositive makes the best possible decisions related to the broad range of agricultural opportunities presenting themselves to the company every day,” CEO and Board Chair Ian Clifford stated March 8 (https://nnw.fm/aJPNi). “He is starting off reviewing our intellectual property and working with farmers to build our understanding of their practices, preferences and requirements. His knowledge will play a critical role as we determine and maximize the impact our on-site green ammonia production systems will have on farms and in other applications as we grow.”
A number of observers have been predicting that Russia’s war in Ukraine will have a devastating impact on global food supply, given many nations’ dependence on Ukraine and Russia for grain, fertilizer and fuels.
The COVID pandemic and the worsening climate change outlook were already creating alarm in regard to sustainability of these sectors before the war broke out, leading to “a catastrophe on top of a catastrophe,” global fertilizer giant Yara International’s president and CEO, Svein Tore Holsether, told the BBC in a March 7 report.
“We were already in a difficult situation before the war… and now it’s additional disruption to the supply chains and we’re getting close to the most important part of this season for the Northern hemisphere, where a lot of fertilizer needs to move on and that will quite likely be impacted,” Holsether stated (https://nnw.fm/hKOgK). “Half the world’s population gets food as a result of fertilisers… and if that’s removed from the field for some crops, [the yield] will drop by 50%. For me, it’s not whether we are moving into a global food crisis — it’s how large the crisis will be.”
Additionally, the United Nations’ Intergovernmental Panel on Climate Change (“IPCC”) has published several “dire and detailed” reports on pressing global threats posed by the warming climate since the beginning of the year, which highlight the need to reduce carbon emissions and potentially turn to hydrogen or other green fuels on a more accelerated basis.
“Any further delay in concerted anticipatory global action will miss a brief and rapidly closing window of opportunity to secure a livable and sustainable future for all,” the most recent report stated (https://nnw.fm/yKM0y).
The IPCC will hold its 56th session online from March 21 to April 1, simultaneously considering line-by-line its Working Group III’s Summary for Policymakers as government representatives meet with the authors of the group’s report titled “Climate Change 2022: Mitigation of Climate Change” (https://nnw.fm/QRjR1).
The IPCC anticipates holding a press conference on April 4 in regard to the report and the session’s close.
For more information on FuelPositive Corp., 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
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire 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 services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. 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 of 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 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
[email protected]
NetworkNewsWire is part of the InvestorBrandNetwork.
