- FuelPositive Corporation is at the forefront of endorsing clean energy and putting systems in place to achieve that goal
- With its technology, the company is helping to reduce carbon dioxide emissions associated with the production of ammonia
- FuelPositive is also positioning itself to capitalize on the growth of the global green ammonia market, set to grow by a CAGR of 54% between 2020 and 2025
- It is also pushing for green ammonia as a replacement for fossil fuels in transportation, enabling a hydrogen economy and offering a new clean option for grid storage
On Monday, August 9, 2021, the United Nations (“UN”) climate panel released the Climate Change 2021 report. The science-backed study warned that the world is already bound to face further climate disruptions, with some of the changes already playing out, including warming oceans, extreme weather conditions, and rising sea levels (https://ibn.fm/O7QoT).
António Guterres, the UN Secretary-General, termed the findings as a “code red for humanity.” He further added that the “alarm bells are deafening, and the evidence is irrefutable (https://ibn.fm/Gu9G5).”
Of note, from the report is the human influence on climate change, which remains undisputed. Decades of harmful human activity have brought the world to where it is today. In 2021 alone, heatwaves have killed hundreds of people and animals in the Pacific Northwest. Additionally, there are wildfires in the west of the United States and the Siberian forests, all of which are driving people away from their homes (https://ibn.fm/ncYkL).
The need and the push for clean energy are needed now more than ever, and companies such as FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF) are at the forefront of not only endorsing that but also putting systems in place to achieve that specific goal.
FuelPositive Corp. is a growth-stage enterprise whose focus is on partnership, licensing, and acquisition opportunities, building on various technological achievements. Its paramount commitment is to offer commercially viable and sustainable clean energy solutions including, but not limited to, carbon-free ammonia (“NH3”) that can then be used in a range of applications and is used primarily in agriculture.
FuelPositive Corp. is at the forefront of pushing for green ammonia, not just in agriculture, but also in other sectors such as energy production and transportation. The economic viability is present, particularly given that the global green ammonia market is set to grow by a compounded annual growth rate (“CAGR”) of 54% between 2020 and 2025 (https://ibn.fm/pAo5x).
In addition to pushing for green ammonia, FuelPositive is also driving the narrative associated with green ammonia adoption. Most notably, the company is encouraging the adoption of carbon-free NH3 in transportation, thereby doing away with fossil fuels. As a replacement, ammonia’s only emissions will be water vapor instead of fossil fuel’s carbon dioxide (https://ibn.fm/iHHhq). This will contribute significantly to a greener planet. As for any Nitrous Oxides generated during internal combustion in vehicles, they would be eliminated through catalytic converters. In agriculture, they will be addressed by injecting the liquid fertilizer deep into the ground, which is already standard in farming today.
FuelPositive also notes that with its carbon-free NH3, it will be easier to make electricity more accessible to remote communities. Additionally, it will offer long-term storage of excess electricity for energy grids. This will reduce the current overreliance on fossil fuels for energy generation while eliminating the wastage of excess electricity due to improper, unreliable, and unsustainable long-term storage options.
Green ammonia involves the production of ammonia through a process that is carbon-free and 100% sustainable. Typically, ammonia is commonly made from water, air, and methane through a method referred to as steam methane reforming (“SMR”) for hydrogen production and the Haber process. About 90% of the carbon dioxide produced comes from the SMR process, cumulatively contributing 1.8% of the global carbon dioxide emissions. The entire process is also known to consume a lot of energy.
With FuelPositive’s green ammonia, hydrogen is sourced from water electrolysis, while nitrogen is separated from the air. These are then fed into the company’s in-house core technology, which results in ammonia production. The technology is currently patent pending.
With the world growing more conscious about global warming and its effects globally, society is realizing that something needs to be done sooner rather than later. FuelPositive is at the forefront, providing clean energy solutions and addressing a sector whose role in global warming is significant.
FuelPositive’s unique technology fits perfectly in a world and an industry that is committed to going carbon-free. With so much ammonia being used in agriculture, the company’s technology can significantly reduce fertilizer-related carbon emissions in this sector. The company is positioning itself to capitalize on the global green ammonia market set for growth in the coming years.
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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