- Hydrogen represents an energy-intensive production process, and is also a difficult element to contain, with high volatility requiring extreme amounts of pressure for storage
- FuelPositive’s carbon-free ammonia solves the problem of volatile hydrogen on its own, using ammonia as the carrier, allowing end-users to convert the green ammonia back to hydrogen and produce electricity using hydrogen fuel cells
- Carbon-free ammonia can also be used as a fuel on its own without being converted to pure hydrogen
- In a partnership with National Compressed Air, FuelPositive plans to finish prototype carbon-free ammonia production units by the end of 2021 and commence high-visibility pilot programs in 2022
The aviation industry accounts for up to 3% of man-made CO2 emissions and 12% of CO2 from transport. Aviation giant Boeing (NYSE: BA) has pledged to reduce net carbon emissions by 50% of its 2005 total by 2050. This announcement was a part of several aviation company pledges to move toward eventual net-zero carbon emissions by 2050. Last year, Airbus (Frankfurt: AIRG.F) announced the company’s intention to build a hydrogen-fueled plane by 2035 (https://ibn.fm/zUvdY).
Hydrogen is the ultimate net-zero carbon emission goal, but it comes with its own set of challenges. Initial hydrogen production as a fuel source is energy-intensive, and the end product is highly volatile. Extreme levels of pressure are required to store hydrogen, and there is currently no viable distribution infrastructure. Solutions to the problems posed by hydrogen are years away from being available.
Committed to clean energy solutions, Toronto-based FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF) offers an answer to hydrogen production and distribution issues via its proprietary modular and scalable carbon-free ammonia (“NH3”) technology. Ammonia is the perfect carrier for hydrogen, and an end-user can convert green ammonia back to the hydrogen element to produce electricity in hydrogen fuel cells. In fact, not only does the production of FuelPositive’s carbon-free NH3 require much less energy than producing hydrogen on its own, but it stores 65% more hydrogen than highly compressed pure hydrogen.
Carbon-free ammonia can also be used as a fuel source itself, without converting it back to hydrogen. The transportation industry (planes, trains, ships, trucks, etc.) can be converted to use carbon-free ammonia as a fuel source just as easily as they are converted from gasoline or diesel fuel to propane or natural gas. Using carbon-free ammonia for this purpose would also eliminate the need for highly polluting ammonia production facilities – as there are no CO2 emissions associated with the FuelPositive process.
NH3 is already used as fertilizer in agriculture, but according to Clifford, farms can use FuelPositive’s technology to produce carbon-free ammonia for multiple purposes, including to power tractors and harvesters, to replace propane in crop-drying systems, and in general to reduce the sector’s reliance on existing fossil fuel and fertilizer supply chains, potentially shielding farmers from unexpected price hikes.
Worldwide, farmers are plagued by various threats to the health of their crops and businesses, from pesticide-resistance to severe weather and overwhelming demand, and in the absence of innovation, they are forced to try and tackle these emerging threats with old, ineffective tools (https://ibn.fm/teqPr). FuelPositive’s carbon-free NH3 would offer the agriculture sector a much-needed innovative approach it is in dire need of, if it wants to remain functional and continue growing.
Recently, FuelPositive’s CEO Ian Clifford appeared on the Stock2Me podcast to discuss how his company’s NH3 technology has the potential to change the overall energy landscape using an “environmentally sound and economically viable process.” Compared to the current NH3 synthesis technologies, which generate extremely high CO2 emissions, FuelPositive’s technology is entirely carbon-free, Clifford explained (https://ibn.fm/64SzC).
The company is now in the process of commercializing its technology, with plans to roll out demonstration units and pilot projects in early 2022. In May 2021, FuelPositive announced a partnership with National Compressed Air (“NCA”) and is currently working to execute a detailed production plan to complete the prototype builds by the end of 2021. Upon completion of these prototype builds, FuelPositive will be able to confirm the potential that its carbon-free ammonia technology holds for numerous sectors. FuelPositive is targeting three primary segments – agriculture, transportation and energy storage, but will initially focus its demonstration programs on agriculture.
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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