FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF), a Canadian growth-stage technology company committed to providing commercially viable and sustainable clean agriculture, energy and chemical solutions to combat climate change, today issued an update on the status of the company and its green ammonia technology. FuelPositive’s lead technology is a modular and scalable system for producing green ammonia for use across a broad spectrum of industries and applications. “This has been an incredible year for us. In January, we became FuelPositive; in March, we signed the intellectual property acquisition deal for our green ammonia technology with Dr. Ibrahim Dincer and his team; in May, we formed our manufacturing partnership with National Compressed Air to build our prototype systems; in June, we filed for our provisional patent and began to build our prototype production systems. Since then, we have raised over CA$12 million, which will cover our costs to build a number of green ammonia production systems,” said Ian Clifford, CEO and board chair of FuelPositive. “We are on track to launch multiple ‘real world’ demonstration pilot projects to showcase our technology throughout 2022. And – maybe the most important achievement of all – we have assembled a team of undisputed experts in their fields – from engineering and manufacturing to robotics and carbon credits. We are highly efficient, knowledgeable and experienced in every step we need to take along the way to commercialization. We can move much more quickly than our competitors and that is one of our great strengths!”
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About FuelPositive Corporation
FuelPositive is a Canadian growth-stage technology company committed to providing commercially viable and sustainable “cradle to cradle” clean energy solutions, including carbon-free ammonia (“NH3”), for use across a broad spectrum of industries and applications. By focusing on technologies that are clean, economically advantageous/realizable and that leverage existing infrastructure, the company aims to change the course of climate change through practical solutions that can be implemented now. The company’s core technology, a modular and scalable carbon-free NH3 system, takes air, water and sustainable electricity and synthesizes it into a non-polluting chemical for multiple applications, including fertilizer for farming, fuel for internal combustion engines and a solution for grid storage. Green ammonia is being considered as a replacement for fossil fuels and as a key enabler of the hydrogen economy. The company’s most recent corporate update, presented in September, can be found here. For more information, visit www.FuelPositive.com.
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