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FuelPositive Corp. (TSX.V: NHHH) (OTCQB: NHHHF) Making Strides as Efforts to Develop Technologies for Production of Green Ammonia Gain Widespread Attention
December 5, 2022

FuelPositive Corp. (TSX.V: NHHH) (OTCQB: NHHHF) Making Strides as Efforts to Develop Technologies for Production of Green Ammonia Gain Widespread Attention

  • More than 100 national and international stakeholders drawn from research, business, and political spheres, recently congregated at the CAMPFIRE Symposium 2022
  • At the symposium, companies presented their plans for technologies for the production and transport of green ammonia, its conversion back to hydrogen, and its use as a fuel for ships
  • Canadian technology company FuelPositive has developed an onsite, containerized technology that relies on renewable electricity to produce green ammonia from water and air
  • FuelPositive’s onsite ammonia production system is expected to disrupt the traditional ammonia sector as well as the green hydrogen sector

Ammonia is poised to play a crucial role in the move away from emissions-intensive fossil fuels toward renewable energies. This transition is fueled by the fact that ammonia is a source of green electricity and hydrogen, even though it is presently primarily used as a nitrogen fertilizer in agriculture; in fact, about 80% of all the ammonia produced globally is used up in agriculture (https://ibn.fm/NQMUH). However, this agricultural bias may soon change if recent events and the concerted efforts by various players are to act as reliable precursors.

On Friday, October 21, 2022, Ozeaneum in the German city of Stralsund played host to about 100 national and international stakeholders drawn from such sectors as business, politics, and research. The gathering, a symposium organized by CAMPFIRE, provided an avenue for companies to present their plans for new applications and implementation concepts centered around green ammonia.

Green ammonia produced from renewable energy, an article in IDW Online that reported on the symposium notes (https://ibn.fm/PAB5Z), is increasingly viewed as a gamechanger for the energy transition and is key to the security and reliability of energy supply. The reasoning behind this statement is that ammonia is used in many areas as a stable source of hydrogen that can be stored and transported more easily, efficiently, and cheaply.

For ammonia to be used, however, it must first be produced and then transported. So, as part of its focus on the global entrepreneurial implementation of ammonia technologies and emerging hydrogen value chains, the symposium featured presentations and discussions involving market-leading companies that explored “technologies for the production and transport of ammonia, its conversion back to hydrogen, and its use as a fuel for ships.”

The conversations held on that Friday are especially pertinent to FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF), a company developing a green ammonia production system that relies on renewable electricity to synthesize hydrogen from water and nitrogen from the air before combining the molecules in a proprietary converter to create green ammonia. The onsite, modular, containerized system is poised to disrupt the traditional ammonia sector by providing the energy- and nitrogen-rich compound at an affordable price while doing away with the reliance on unpredictable and wildly fluctuating ammonia supply chains. Because the green ammonia is produced on the end-user’s site, there is no need to transport it from a refinery to its final destination, which completely eliminates the supply chain.

At the same time, the green ammonia technology is expected to reduce the greenhouse gas emissions linked to the production of traditional (“grey”) ammonia through the highly pollutive and energy-intensive Haber Bosch process. This process is responsible for about 1.4% of global carbon dioxide emissions and consumes about 1% of the total energy produced (https://ibn.fm/cBANZ). Still, the former figure does not include the emissions released by the industrial production of hydrogen from natural gas, which generates about 830 metric tons of CO2 annually (https://ibn.fm/tEzIF).

“By disrupting the traditional ammonia sector, we are also disrupting the green hydrogen sector. Green ammonia, the most effective enabler of the hydrogen economy, can economically, efficiently, and quickly capture, store, and transport green hydrogen – making the hydrogen economy a reality,” the company’s website reads (https://ibn.fm/Ymi5H). “We have the technology. We have the team, and we have the finances. Just watch us.”

In November this year, FuelPositive expects to finish the validation of the first demonstration system of its onsite, containerized green ammonia system before shipping it to an 11,000-acre farm in Manitoba, Canada. Here, the company will run the system, evaluating its functionality in all types of weather conditions as part of a pilot project aimed at providing comprehensive hands-on data and performance metrics (https://ibn.fm/q3McP).

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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