- FuelPositive CEO Ian Clifford was featured in a recent Stock2Me Podcast episode
- Clifford noted that the company is at the forefront of developing the dialog around adaptable carbon-free NH3 and is taking a thought leadership stance in that space
- In April 2021, FuelPositive purchased a cutting-edge technology designed to produce carbon-free ammonia in a scalable, modular, and economically viable fashion
- The company is currently manufacturing the demonstration units for this patent-pending technology and is planning demonstration programs aimed at showcasing the technology’s real-life applications initially in the agriculture sector
- FuelPositive is also targeting the transportation sector as well as hydrogen storage
Toronto-based FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF) is looking to change the energy landscape through its flagship project, which entails using its proprietary, first-of-its-kind technology to produce carbon-free ammonia (“NH3”) in a scalable, modular, environmentally sound, and economically viable fashion. NHHHF is targeting three primary segments – agriculture, transportation, and energy storage – all in an effort to significantly reduce carbon dioxide (“CO2”) emissions from human activities, so far, the single largest contributor to global warming.
According to FuelPositive CEO Ian Clifford, who was speaking in a recent Stock2Me Podcast episode hosted by Stuart Smith, the company purchased this cutting-edge technology, whose use will herald a departure from how NH3 is currently synthesized, in April this year (https://ibn.fm/dWjjL).
Today, the industrial synthesis of NH3 through the Haber-Bosch process is one of the most carbon-intense processes on the planet. Producing one ton of NH3, with natural gas being used as the source of energy, emits about 2 tons of CO2, translating to 1.44% of total CO2 emissions globally. (Producing one ton of NH3 using coal results in 5 tons of CO2 emissions.) In addition, the process is energy-intensive, using up 1-2% of the world’s total energy production (https://ibn.fm/T9qCE). Clifford observed that these disadvantages have historically meant that NH3 could not be recognized as a viable fossil fuel replacement, but the company’s technology is looking to change that narrative.
“Our system is entirely carbon-free,” said Clifford. “We take sustainable electricity, water, and air, and we produce carbon-free NH3, which can be utilized across multiple industries as an extremely versatile material… We are now just in the process of commercializing the technology, and we plan to have demonstration units ready and out there in the real world early in 2022.”
The demonstration units, currently in the manufacturing stage with National Compressed Air in Toronto, will enable FuelPositive to showcase real-world applications for the technology. To this end, the company is focused on determining and putting in place the best, highest-profile demonstration programs possible early in 2022. It is working with the Sussex Group, a government relations group based in Ottawa and Toronto, to ensure it has the best and highest visibility for the demonstration programs.
FuelPositive will initially focus these demonstration programs on agriculture, as the sector already understands the importance of NH3 as a fertilizer – about 80% of the NH3 produced is used as fertilizer, either for direct application or conversion into nitrogen fertilizer.
“Our demonstration projects initially in agriculture would see a farm that utilizes NH3 today having a FuelPositive system installed on the farm, utilizing sustainable electricity… and producing all of the NH3 they need for fertilizer requirements for their farm,” Clifford continued. “Add to that this incredible versatility of NH3, that the NH3 molecule is more than just a fertilizer – it’s a fossil fuel replacement fuel, it’s a very effective refrigerant, and it’s a very important chemical in a lot of other processes.”
According to Clifford, the farm can use the onsite technology to produce carbon-free NH3 (1) for its fertilizer needs, (2) to power its tractors and combine harvesters, and (3) as a propane replacement in the crop-drying systems. FuelPositive’s technology will also substantially benefit farmers by helping them decarbonize as well as reduce their reliance on existing fertilizer and fossil fuels supply chains, which increase their vulnerability to erratic price changes. Additionally, being modular and scalable, the technology is ideal for both large and small farms.
With a focus on the transportation sector, which in 2019 accounted for 24% of the direct C02 emissions from fuel combustion globally (https://ibn.fm/nC0vK), FuelPositive is targeting pure carbon-free transportation solutions. It aims to achieve this by replacing fossil fuel products – gasoline and diesel – with carbon-free NH3 in converted internal combustion engines. Notably, upon proper combustion, carbon-free NH3 only emits steam/water vapor.
FuelPositive also intends to use carbon-free NH3 as the perfect carrier for hydrogen (“H2”) in the hydrogen economy, given that NH3 is the most hydrogen-dense material on the planet and is easier to store than H2. “When you start looking at the viability of H2 fuel cells and H2 combustion down the road, the real answer to this is carbon-free NH3,” Clifford explained. “Green NH3 is an enabler for the hydrogen economy. So, there is a very significant role for NH3 in the future of hydrogen.”
To listen to the whole podcast, please visit https://ibn.fm/8Ssc8
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
About QualityStocks
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
QualityStocks (QS)
Scottsdale, Arizona
www.qualitystocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php
