- FuelPositive commissioned emissions reduction and carbon credit specialist, Andre Mech, to analyze Canada’s green off-peak electricity capacity and to determine the fuel needs and carbon emissions of the Canadian transportation sector
- The study revealed that Canada generates enough green electricity during off-peak hours to produce carbon-free NH3 that can power 100% of the needs of passenger aviation, bus, and rail and freight aviation, rail, trucks, and marine shipping
- Such an undertaking would reduce Canada’s total greenhouse gas emissions by 15.3%
- The analysis showed the opportunities and needs in Canada, meaning that the market for green ammonia exists
Our Planet, a 2019 nature documentary available on both Netflix and YouTube, perhaps provides the clearest and most relatable visual account of the effects of climate change on various creatures living in different environments around the world. From record-breaking ice melts in the Arctic and Antarctica, which scientists have warned are the clearest sign yet of an imminent climate change catastrophe, to drier-than-normal conditions in desert environments, the documentary illuminates multiple concerns.
All these changes result from using fossil fuels, which, by virtue of supplying approximately 80% of the world’s energy, are the primary contributors to climate change and global warming. This means that to deal with the issue, replacing fossil fuels with renewable sources, alongside increasing energy efficiency and electrifying transportation, should be a priority (https://ibn.fm/mEUZU). Against this backdrop, scientists and activists alike have incessantly held that humanity needs to embrace the proposed solutions, in effect addressing the underlying causes of climate change.
Guided by the need to replace fossil fuels with sustainable, clean energy, Toronto, Canada-based FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF) is doing its part. The company is committed to providing commercially viable and sustainable clean energy solutions, including carbon-free ammonia (“NH3”), for use across a broad spectrum of industries and applications. Notably, NH3 is positioned as a viable alternative to fossil fuels.
FuelPositive has already developed its flagship carbon-free NH3 technology that allows for the sustainable in-situ production of carbon-free NH3, using only air, water, and green electricity. With the build-out of mobile and scalable demonstration systems for the proprietary technology as part of its Phase II project having commenced in Q2 2021, FuelPositive has gone a step further, as detailed by a recent press release (https://ibn.fm/i9mGK).
The company announced August 17 the findings of a study it had commissioned in early 2021. The study had Andre Mech, an emissions reduction and carbon credit specialist, analyze Canada’s green off-peak electricity capacity and determine the fuel needs and carbon emissions of the Canadian transportation sector, to establish whether it would be possible to replace fossil fuels used for transportation with carbon-free NH3. The study would also measure the impact the replacement would have on the country’s carbon emissions. The findings of the analysis were startling.
Canada generates sufficient green electricity today (hydroelectricity, solar, and wind) during off-peak demand hours to produce enough carbon-free NH3 to power 100% of the needs of passenger aviation, bus, and rail and freight aviation, rail, trucks, and marine transport. Importantly, all these are regulated industries with notoriously high emissions and significant government mandates to decarbonize. The impact of such an undertaking on Canada’s total greenhouse gas emissions, of which CO2 emissions totaled 715.8 megatons in 2019, would be a 15.3% reduction.
Additionally, the study revealed that the country produces enough off-peak green electricity to provide carbon-free NH3 fuel that can power 63% of all the passenger cars, aviation, and buses; light trucks and rail; motorcycles; freight trucks, aviation, and rail; and other sector vehicles in Canada.
Further, Manitoba, Quebec, and Newfoundland & Labrador can cover their transportation requirements with carbon-free NH3 fuel produced using their own off-peak, green power. “Interestingly, the analysis also points out that the three provinces can also store their excess renewable electricity for later use, by running FuelPositive’s commercial modular and scalable carbon-free NH3 production systems on site,” reads the report (https://ibn.fm/SuMG8).
“Switching from fossil fuels to carbon-free ammonia offers a viable, economical transition strategy for Canada’s transportation sector as we adopt new practices to address climate change,” said FuelPositive CEO Ian Clifford.
According to the study’s author, Andre Mech, the analysis outlines the opportunities and needs at the provincial and national levels, which shows that suppliers and consumers exist. That, he notes, tells us that there is a market for green ammonia within Canada itself. Additionally, according to a July 5 report, the market for green ammonia exists globally and is projected to grow at a year-over-year rate of 54% from 2020 to 2025 (https://ibn.fm/QQ0Sf).
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://ibn.fm/NHHHF
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