WOOFERHEAD
1 day ago
ChatGBT definition: synergistic
Synergistic refers to the interaction or cooperation of two or more elements or entities that when combined, produce a total effect that is greater than the sum of their individual effects or capabilities. This refers to a situation, action, or process which induces a mutually advantageous conjunction or compatibility. This could be applied to substances, businesses, or people working together for enhanced outcomes.
Whereas HyFi is an American company, so this will be synergistic for WPP and also make American SEC approval more meaningful.
Troy's use of the word "synergistic" in this sentence implies using the two companies' strengths towards a shared goal. (IMO)
Token transfers and what a new potential owner does with those tokens is not in my personal scope. I am building the energy project business and stand ready to integrate it with the token platform.
In this sentence Troy's reference to tokens opens the door to what the commentator said about SEC approval.
Intent to asset back WPP Token
The WPP Engineering teams, blockchain, chemical, industrial and electrical
engineering are working together to accomplish the tie in of H2
(Hydrogen Gas)
production and target H2 Reserves/Reservoirs into the blockchain.
The intent is to Asset Back and correlate WPP Token to the market price of 1kg of
H2 (Hydrogen Gas). (Subject to SEC, FINMA and any other regulatory approvals
required)
The strategy is to create incremental levels of asset backing of the token.
Page 2. & 5.
https://wppenergy.io/wp-content/uploads/2023/07/WPP_TOKEN_AT_A_GLA
Troy needs to formally address his shareholders. ASAP!
StockRocket
1 week ago
Looks like HYFI was mentioned early in post...but thats all I see...WE NEED FURTHER EXPLANATION AND UPDATES. HE OWES IT TO HIS SHAREHOLDERS. SOMEONE IN WPP CHAT PLEASE ASK HIM THIS....ITS TIME.
The projects require over $500m in Ecofusion equipment, where MSW and Biomass waste is converted to a bio-crude, and that bio-crude will be further refined into green diesel and SAF. One of the projects,which requires nearly $250m in WPP equipment, is in advanced stages of financial underwriting with a leading energy transition investment bank. This is a very high potential sale for WPP and an important deal for HyFi. WPP's client is a rarity, a company who understands deeply (from A-Z) how to create a bankable project. I have personally made 8 trips to LATAM in the last year to oversee and help progress there.
sch100
1 week ago
Troy: Update as promised: WPP is presently working with a WPP client/partner company, in LATAM who has multiple biofuel projects.
The projects require over $500m in Ecofusion equipment, where MSW and Biomass waste is converted to a bio-crude, and that bio-crude will be further refined into green diesel and SAF. One of the projects,which requires nearly $250m in WPP equipment, is in advanced stages of financial underwriting with a leading energy transition investment bank. This is a very high potential sale for WPP and an important deal for HyFi. WPP's client is a rarity, a company who understands deeply (from A-Z) how to create a bankable project. I have personally made 8 trips to LATAM in the last year to oversee and help progress there.
WPP has received strong interest from Indonesia, Philippines, Vietnam as well. Among those 3, in Indonesia we are working with a former director of PLN to identify the most promising project targets.
WPP, as part of a small consortium of companies, has been awarded a 300MW hydrogen project in Vietnam, approx 100 TPD of green hydrogen. The project contemplates the production of hydrogen - powered by renewable energy, then converted to ammonia, for export. Market conditions for green ammonia have softened to about $750 a ton on index pricing and actual offtake contract prices are lower ($650/ton). The best way to transport hydrogen is to convert it to ammonia, rather than try to liquify hydrogen. WPP will continue to monitor market conditions and should WPP be able to be profitable based on current prices it will likely proceed with the project, along with its consortium partners.
WPP also has a promising client with a multi billion $ hydrogen project, and that project is still progressing, attempting to secure a trustable offtake commitment.
WPP's future electrolyzer product, called W2H2, is a next generation electrolyzer technology where WPP relies on a technology partner to advance that technology, and that company authored the patent (pending) for the technology and that company controls IP, licensed to WPP, (similar to Ecofusion arrangement) and it is still uncertain of what a commercialization date will be and exactly what the performance numbers will be - there are no pilots currently deployed and its lab tested only thus far. In the meantime WPP has partnered with an electrolyzer company that has a JV on a 2GW very modern robotic manufacturing facility. That electrolyzer technology is widely commercialized, proven, stable and highly competitive in quality and pricing.
The market conditions for hydrogen have been very challenging, first many large projects have been cancelled (even by industry leaders with massive balance sheet) because of a lack of ACTUAL DEMAND (not "hype") and soft market prices. Furthermore many electrolyzer OEM's have declared bankruptcy or have started creditor protection schemes, several in the last month alone. The most viable hydrogen projects focus on high value use cases, mobility, petrochemical, industrial applications. Projects which have a simple predictable narrative to find a suitable site location with lots of water and good renewable energy conditions are falling out of favor and instead in favor are projects which have economically viable use cases that do not require significant shipping/logistics and that are making good use of the hydrogen to produce a viable derivative.
The reality of the great challenges related to hydrogen production, storage and transportation are dominating the market now and attrition/consolidation is taking place. This was much needed, in Chile alone over 110 hydrogen projects are in the works & last I checked only 2 have bankable offtake customers. This is a global theme.
Given the current market it would be good if WPP token has the flexibility to consider adjusting its model to become more expansionary, ie a biofuel commodity token (green diesel, ammonia, urea, hydrogen, saf, methanol, biochar etc) and not limited to targeting just the hydrogen market, given the challenges the hydrogen market is facing.This would open up many possibilities, in a shorter time frame, for projects to align themselves easier with our token. This could increase token utility substantially.
Lastly WPP is always in multiple partnership discussions, looking to align ourselves with projects that have what it takes to achieve the great rarity of "bankability".