FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF), a leading green ammonia company, today provided a recap of 2023 milestones achieved, highlights for 2024, as well as details on securing further financing and the closing of the first tranche of $1,350,000 in an active private placement. Among the highlights, the company reported that it is ready to accept its first 30 deposits and orders for its FP300, the first decentralized, containerized, commercial-scale green ammonia system in the world. “We are extremely proud of our achievements thus far,” said FuelPositive CEO and Board Chair Ian Clifford. “And it is exhilarating to envision generating revenues in the range of hundreds of millions of dollars in the coming years for our shareholders. Even more encouraging is that this growth translates into healing our planet, which is what drives us all at FuelPositive.”
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About FuelPositive Corporation
FuelPositive is a Canadian technology company dedicated to delivering commercially feasible and sustainable clean technology solutions that follow a circular approach, ensuring the entire lifecycle of its products is environmentally friendly. This includes an on-farm/onsite, containerized green ammonia (“NH3”) production system that effectively eliminates carbon emissions during the production process. By focusing on technologies that are clean, sustainable, economically advantageous and realizable, the company aims to help mitigate climate change, addressing unsustainable agricultural practices through innovative technology and practical solutions that can be implemented now. The FuelPositive on-farm/onsite, containerized green ammonia production system is designed to produce pure, anhydrous ammonia for multiple applications, including fertilizer for farming, fuel for grain drying and internal combustion engines, a practical alternative for fuel cells and a solution for grid storage. Green ammonia is also considered a key enabler of the hydrogen economy. FuelPositive systems are designed to provide for green ammonia production on-farm/onsite, where and when needed. This eliminates wildly fluctuating supply chains and offers end-users clean fertilizer, energy and green ammonia supply security while eliminating carbon emissions from the production process. The first customers will be farmers. Farmers use 80% of the traditional grey ammonia produced today as fertilizer. See pre-sale details at https://fuelpositive.com/pre-sales.
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