- Russia’s invasion of Ukraine has caused significant fertilizer shortages and global food insecurity, with the region being a key exporter of wheat, barley, corn, sunflower oil, rapeseed oil, and potash
- FuelPositive recognizes these issues and is pushing to help solve them with its onsite, containerized green ammonia production system, offering a product that farmers can afford
- The company has since launched its pre-sale application process for its onsite containerized green ammonia production system capable of providing nitrogen fertilizer for farms of 2,000 acres or more, making farmers self-sustaining and self-reliant
- It has reported a high level of interest in this onsite model, which the company’s COO has described as “encouraging.” The company is looking to provide an update in November about the size of its long-term manufacturing capacity planning
- FuelPositive is confident that its product will benefit farmers across the world and continue to create value for its shareholders
FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF), a growth-stage enterprise focused on opportunities relating to energy-efficient technologies and sustainability, remains committed to its course. Through its revolutionary technology, the company is pushing for the production of green ammonia that consumers can afford while, at the same time, addressing issues that are currently being felt on a global scale.
Recent global events have highlighted how detrimental it is to rely entirely on global supply chains. For instance, Russia’s invasion of Ukraine caused a fertilizer shortage, with key nations such as India, Brazil, China, and the United States bearing the brunt.
Russia and its ally Belarus, combined, account for over 40% of global exports of potash, an essential crop nutrient (https://ibn.fm/7S14b). Disruptions in this supply caused a significant reduction in crop production, and the subsequent increase in food prices, triggering a potential global food crisis.
The invasion also caused significant food shortages, particularly with Russia and Ukraine, accounting for a third of the global wheat supply. Ukraine is also a significant exporter of barley, corn, sunflower oil, and rapeseed oil, whose supplies were significantly affected following Russia’s invasion.
According to FuelPositive, a sure way to help guarantee food security and reduce the over-reliance on global supply chains is to empower farmers. This, it argues, starts with disrupting the fertilizer sector, specifically the traditional ammonia sector. Its onsite, containerized green ammonia production system allows farmers to produce their own nitrogen fertilizer on their farms, without relying on traditional ammonia producers or supply chains.
“Our modular, scalable, green ammonia production technology will completely disrupt the traditional ammonia sector – and potentially all the sectors that can benefit from green ammonia – transportation, fuel cells, grid storage, and all the various industries that use ammonia as a necessary chemical,” notes the company’s official communication.
The company has begun accepting pre-sales applications. One of its systems can provide nitrogen fertilizer for farms from 2,000 acres and larger, making farmers self-sustaining and self-reliant from a fertilizer and energy production standpoint (https://ibn.fm/deH0o).
FuelPositive is offering stability in supplying the necessary fertilizer for crop production and its cost. Ultimately, the company is bringing the overall cost of farming significantly lower, making food even more affordable for a growing population.
“The FuelPositive system will give us stability. That’s what we like about it. It’s stabilizing the supply and stabilizing the price,” noted Curtis Hiebert, one of FuelPositive’s first pre-sales order customers (https://ibn.fm/calHn).
Recent reports have noted that fertilizer production in Europe has dropped to about 33% of previous levels. Bloomberg has reported that Norwegian producer Yara International ASA recently slashed its ammonia production in Europe owing to the dwindling supply and dramatic increases in cost of natural gas. At the same time, CF Industries announced that it will stop ammonia production at its last remaining plant in the United Kingdom (https://ibn.fm/4bE9V).
FuelPositive recognizes these challenges, hence the push for its unique technology that specifically addresses the issues faced by various stakeholders in the industry. The company is optimistic that its efforts will benefit farmers in particular by allowing them to produce what they need, when and where they need it, at a stable cost. According to Derek Boudreau, the company’s Strategic Advisor for Agricultural Implementation, the level of interest in its pre-sales is a strong indicator of the demand for its product.
“We are seeing a high level of interest in our onsite model, as we expected, because of the stability it gives farmers over supply, timing, and price,” noted Mr. Boudreau.
“The demand we are seeing is encouraging. We should be ready to provide an update in November about the size of our long-term manufacturing capacity planning,” noted Nelson Leite, FuelPositive’s Chief Operating Officer (“COO”) (https://ibn.fm/l0kRf).
FuelPositive has made significant strides so far this year and is confident that its green ammonia production systems will benefit farmers across the world. But, more importantly, the company is confident its current trajectory will continue to create value for shareholders, enabling its market expansion and product and service offerings growth.
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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