• FuelPositive was featured in a NetworkNewsAudio production that detailed the company’s recent corporate update and announcements
• The company noted that the construction of the prototype of its green ammonia production system is on track for rollout in mid-2022
• The company expects to start validating the system in the first half of the year, where the validation will prove the rate and purity of the green ammonia produced
• FuelPositive has identified a 6,000-acre grain and plant-based farm in Manitoba for the first demonstration pilot project 

As efforts to produce green ammonia gather steam worldwide, from Asia and North America to Australia and Africa, FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF) is making substantial headway, announcing in a recent corporate update that it is on track to deliver the first prototype of its modular green ammonia production system in late summer 2022. The update, which was covered in a NetworkNewsAudio broadcast, also included an announcement that the company had filed its annual audited financial statements for the year ended September 30, 2021 (https://ibn.fm/2E2oM).

“FuelPositive is moving forward at full speed to commercialize our in situ, modular, scalable, and transportable green ammonia production system,” commented FuelPositive Chief Operating Officer Nelson Leite as part of the update.

FuelPositive noted that the building of the first demonstration units for its green ammonia production system, which does not emit any greenhouse gas as it relies on renewable electricity to produce green ammonia from water and air, is progressing according to plan. It is made up of a nitrogen generator to extract nitrogen from the air, a water electrolyzer to generate hydrogen from water, and a patent-pending green ammonia synthesis reactor that will combine the hydrogen and nitrogen to form ammonia. 

According to the company, the electrolyzer’s construction has been completed and has passed the Factory Acceptance Testing (“FAT”). Further, the synthesis reactor is on track for the planned demonstration pilot project, while the nitrogen generator, which experienced some delays due to pandemic-induced supply chain issues, is not expected to affect the rollout of the demonstration units planned to begin in late summer 2022. To meet this target, FuelPositive anticipates it will begin validating the systems in the first half of the year, with this validation expected to prove the rate and purity of the green ammonia produced by the company’s technology.

FuelPositive also announced it had identified a base for its first demonstration pilot project: a 6,000-acre grain and plant-based farm in Manitoba, Canada. The company has already conducted the first site visit, which “went extremely well,” according to FuelPositive CEO and Board Chair Ian Clifford. The farm is ideal in many ways. 

In addition to being located in Manitoba, a province that has a green electricity grid and will be suitable for FuelPositive to test its prototype in the harsh Canadian climate known for its hot summers and long, cold winters, the farm is equipped with solar power and connected to the grid. Furthermore, it has its own water source, meaning that it can be self-sufficient.

The farmer plans to use the system to produce fertilizer in the immediate term but plans to also use the green ammonia as a fuel for grain drying and their tractors and other internal combustion engine (“ICE”)-powered vehicles – after conversion. These plans feed into FuelPositive’s vision for its proprietary system’s disparate use cases. The company envisions that green ammonia will be used to store hydrogen (energy storage) and facilitate the long-distance transportation of hydrogen, as fuel for converted ICE vehicles and as a fertilizer, among other applications. 

The pilot project announcement comes just a few months after the company conducted a case study based on a 1,800-acre farm in Manitoba. Here, FuelPositive established that the cost of green ammonia production using its system is 40% cheaper per metric tonne to end-users than traditional (“grey”) anhydrous ammonia (https://ibn.fm/0Aata). In addition to being more expensive, grey ammonia is produced through a highly polluting and energy-intensive process and is susceptible to supply chain fluctuations that increase prices.

Meanwhile, the update also featured additional announcements, including advisory appointments, government relations efforts, and news on the location of its new head office. To listen to the audio production covering the entire update, visit (https://ibn.fm/y6Lev).

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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