FuelPositive Announces Manufacturing Partnership With National Compressed Air for Commercial Hydrogen-Ammonia Synthesizing Sy...
May 19 2021 - 9:02AM
FuelPositive Corporation (“
FuelPositive” or the
“
Company”) (TSX.V: NHHH) (OTC: NHHHF) is pleased
to announce the selection of National Compressed Air Canada Ltd.
(NCA) to undertake the manufacturing of the Company’s Phase 2
Hydrogen-Ammonia Synthesizer commercial prototype systems for
Carbon-Free Ammonia (NH3) production.
“This critical milestone for FuelPositive will
confirm the broad application potential for our technology and is
the backbone of our Carbon-Free Hydrogen-NH3 offering,” said Ian
Clifford, CEO of FuelPositive. “Partnering with the knowledgeable
and experienced team at NCA on this commercialization project will
bring our development-stage program to life.”
Traditional ammonia manufacturing currently exists
on a massive scale, in centralized facilities and results in some
of the world’s most concentrated CO2 emissions. With 200 million
metric tonnes of NH3 consumed per year, 80 per cent of which is
utilized by the agricultural sector, traditional NH3 is responsible
for significant greenhouse gas emissions.
“FuelPositive’s modular and transportable systems
leveraging various shipping container configurations will be
suitable to offer a broad range of Carbon-Free Hydrogen-NH3
capabilities across a multitude of end-user applications,” added
Mr. Clifford. “This flagship project could pave the way for the
broad acceptance of ammonia as a fossil fuel replacement.”
FuelPositive’s Carbon-Free Hydrogen-NH3 system will
be adaptable to multiple applications, from smaller stand-alone
fuel generation systems for transportation companies, to larger
agricultural systems for significant farming enterprises, all the
way to large grid storage systems for hydro, wind, solar or
geothermal electricity generation operations.
“It is an exceptional day to see our technology
take the next step towards commercialization,” said Dr. Ibrahim
Dincer, co-inventor of the FuelPositive Hydrogen-NH3 system. “We
will work closely with the NCA engineers on this commercialization
project, which we have every confidence will make a consequential
positive change in reducing global CO2 emissions.”
With more than 50 years experience, NCA is an
industry leader in the development, manufacturing, and servicing of
transportable compressors using multiple gasses and highly
specialized exploration equipment, making them an ideal partner to
collaborate with on this project.
“We are extremely pleased to have been approached
by the FuelPositive team to partner on this innovative and
extremely important environmental project,” said Derek Keddie,
President of National Compressed Air. “Our team of experienced
engineers with specialization in relevant technologies will work
intensively with the Company and Dr. Dincer’s team to prove the
scalability and commercial viability of clean NH3 production.”
About FuelPositive
FuelPositive is a Canadian-based growth stage
company committed to providing commercially viable and sustainable
clean energy solutions, including Carbon-Free Hydrogen-Ammonia
(NH3), for use across a broad spectrum of industries and
applications.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
All statements, other than statements of historical
fact, contained in this press release including, but not limited to
(i) generally, or the “About FuelPositive” paragraph which
essentially describes the Company’s outlook and objectives,
constitute “forward-looking information” or “forward-looking
statements” within the meaning of certain securities laws, and are
based on expectations, estimates and projections as of the time of
this press release. Forward looking statements are necessarily
based upon a number of estimates and assumptions that, while
considered reasonable by the Company as of the time of such
statements, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. These
estimates and assumptions may prove to be incorrect.
Many of these uncertainties and contingencies can
directly or indirectly affect, and could cause, actual results to
differ materially from those expressed or implied in any
forward-looking statements. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Forward-looking statements are
provided for the purpose of providing information about
management’s expectations and plans relating to the future. The
Company disclaims any intention or obligation to update or revise
any forward-looking statements or to explain any material
difference between subsequent actual events and such
forward-looking statements, except to the extent required by
applicable law.
For Media or Investor enquiries, please
contact:Mr. Ian CliffordChief Executive
Officerinvestors@fuelpositive.com
Investor Relations (United States)RBMG – RB
Milestone Group LLCTrevor Brucato, Managing
Directorfuelpositive@rbmilestone.comwww.rbmilestone.com
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