- The company has completed many milestones to date, with plans to finalize its Phase 2 Hydrogen-Ammonia Synthesizer commercial prototype by the end of 2021, and other high-visibility projects planned for 2022
- Hydrogen transportation and storage poses a problem on account of volatility and high costs, but carbon-free ammonia is a cost-efficient and environmentally logical alternative
- The weather of 2021 has been a key indicator of the climate changes that are taking place and the need to work toward the net-zero 2050 plans made globally
FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF), a growth-stage company focused on providing commercially viable and sustainable clean energy solutions, including carbon-free ammonia (“NH3”), for use across a broad spectrum of industries and applications, has provided a corporate update announcing that prototype development milestones have been set and met (https://ibn.fm/6WpPj). The company’s lead technology is a system for producing carbon-free ammonia for use across various industries and applications.
FuelPositive recently presented at the H.C. Wainwright 23rd Annual Global Investment Conference, where CEO and Board Chair Ian Clifford participated in one-on-one meetings. The company presented its most recent corporate presentation during the conference and also announced that prototype systems are scheduled for completion by the end of 2021, and that high-visibility projects are planned for 2022.
“Having received extensive interest from investors and potential partners since our last corporate update on July 15, we felt it would be helpful to share how we are progressing, particularly regarding the building of our Phase 2 Hydrogen-Ammonia Synthesizer commercial prototype systems,” Clifford explained in the corporate update.
To date, the milestones met by FuelPositive include:
- Process Determination – establishment of the flow diagram, process map completed, and major component design parameters have been established
- Major Component Vendor Selection and Procurement – the production of hydrogen, nitrogen, fabrication of reactors, separation process, and heat exchangers
- Engineering Design – process modeling and design, reactor modeling and design, ammonia separation modeling and design, and instrumentation and control process development and design
Interested in the effects of climate change and the impact of fossil fuels on the environment, FuelPositive sees the changes that have taken place within this category. One of the most common signs that complex systems are reaching a tipping point is the rise in volatility. An example is the extreme weather patterns of 2021 – heat domes, droughts, fires, floods, cyclones, and more. Because of these increasingly alarming patterns, much of the world is adopting plans for climate action, with a goal of net-zero by 2050. And, as it says in a recent article, “…But net zero commitments by other sectors work only if farmland goes sharply net negative. That means an end to livestock farming and the restoration of forests, peat bogs and other natural carbon sinks.” (https://ibn.fm/seNdc).
With many industries looking at hydrogen as a potential replacement for current fuel measures, it is still undeniable that clean hydrogen may be too expensive and inefficient to play a major role in the decarbonization of heat, transport, and heavy industries (https://ibn.fm/AOrtx). Hydrogen is extremely difficult and energy intensive. The end product is highly volatile, essentially difficult to contain, making it an inappropriate option as an energy carrier.
FuelPositive’s carbon-free ammonia offers a solution to this problem. Carbon-free ammonia is more cost-effective and easily contained, and can be used either as a clean hydrogen carrier or a fueling method per se. The company’s patent-pending first-of-its-kind carbon-free ammonia has the potential to eliminate and replace fossil fuels in several industries, including agriculture and transportation, reduce the need for massive ammonia processing facilities, produce carbon credits on a substantial level, help provide electricity for grid storage and fuel the shift to a hydrogen economy.
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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