- FuelPositive Corp. is a Canadian clean energy innovator intent on developing manufacturing, licensing and acquisition opportunities, particularly through the development of a carbon-free ammonia production IP
- The company’s solution, its Phase 2 Hydrogen-Ammonia Synthesizer, is a commercial prototype designed to be transportable, scalable, and efficient in producing carbon-free ammonia for a range of applications
- Green innovations in ammonia production can immediately benefit the agricultural industry, but also have the potential to create ammonia/hydrogen fuel alternatives to pollutant-heavy petroleum used in internal combustion engines and new ammonia-based storage options for electrical grids
- FuelPositive began trading on the OTCQB Venture Marketplace last month, adding to its investor profile on the TSX Venture Exchange in Canada
When climate visionaries talk about the possibilities of a carbon-free energy future, many people imagine landscapes covered with solar panels and wind turbines favored as a means of producing “clean” energy. Recognizing that internal combustion engine vehicle emissions remain the largest contributor to greenhouse gas emissions in the United States and many other parts of the world, it’s no surprise that debates about electric vehicle (“EV”) adoption also are ticking upward (https://nnw.fm/P7iTQ).
Canadian-based FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF), a licensing and acquisition opportunity developer, is intent on supporting clean energy technologies, particularly ammonia produced in a carbon-free manner for use in a variety of applications. The company is encouraging governments and industries to adopt this significant approach to improving the environment, which includes the possibility of reducing fossil fuel combustion engine emissions in large engines, along with many other applications.
But first, FuelPositive is targeting existing ammonia production methods that sustain a multi-billion-dollar global industry tied to world food commerce that creates a large proportion of the greenhouse emissions polluting the planet’s ecosystem.
FuelPositive is developing a patent-pending, first-of-its-kind carbon-free method of producing ammonia as its flagship technology to reduce the impact of pollution in ammonia’s commercialization. When used properly, the only discernable emissions from the technology will be water vapor, or, in the case of agriculture, some inert hydrogen emissions.
“Until now, the production of ammonia has been one of the most carbon-intense manufacturing processes on the planet, and given the amount of ammonia that is used on an annual basis in a variety of applications, ammonia is a serious negative contributor to greenhouse gases and global warming,” CEO Ian Clifford stated earlier this year (https://nnw.fm/Wr6Ts). “This development, in sustainable ammonia, and the creation of carbon-free NH3 that is far more efficient than current manufacturing systems, could pave the way for the broad acceptance of ammonia as a fossil fuel replacement.”
The technology behind the solution is FuelPositive’s Phase 2 Hydrogen-Ammonia Synthesizer commercial prototype systems. The company anticipates rolling out the first demonstration models early next year through an agreement with National Compressed Air Canada Ltd. (https://nnw.fm/fPNXb).
A commercial-scale, carbon-free method of producing ammonia could immediately benefit the agricultural industry with a non-polluting source of fertilizer, but it also has the potential to expand its usefulness to other sectors. A renewable fuel alternative for combustion engines through its hydrogen conversion process, electrical grid storage solutions drawing on ammonia’s high energy density, and electricity provision to northern / remote communities thanks to the technology’s portability are all ways FuelPositive may fulfill its potential.
Ammonia’s chemical composition of three hydrogen atoms and one nitrogen results in an energy density by volume that is nearly double that of liquid hydrogen. Liquid hydrogen has been the focus of many renewable energy efforts, but ammonia not only contains a significant amount of hydrogen, it is easier to ship and distribute than liquid hydrogen (https://nnw.fm/rftru).
“Our (Hydrogen-Ammonia Synthesizer) systems are small, they’re about the size of a shipping container that you would see on an ocean-going ship, and we can move them all over the place. So they can be used exactly where the ammonia is needed, so we don’t have to transport ammonia all over the place,” Clifford recently told a group of young investment advisers (https://nnw.fm/1Iuby). “We think our company will grow a lot in value over the next six to 12 months as our systems are delivered to end users — the people who need the ammonia.”
Considering the rapidly growing effects of worldwide global warming, and the serious role that traditional ammonia production plays in that process, FuelPositive’s technology, and the potential for significant reduction in greenhouse gases that it represents, is of global importance.
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
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.
