$AMMP announces first ammonia production at new facility $AMMP announced the first ammonia production at their new Michigan facility in early November. This signifies a huge step forward towards AmmPower’s end goal of producing a fully unique, scalable, and green ammonia solution for their customers.
The production at the plant also allows the work being done to develop an ammonia “cracking” catalyst to proceed at an accelerated rate. I actually find this idea very novel. The innovative technology would allow hydrogen gas to be transported in a much more stable form as ammonia, and upon delivery, be “cracked” to release the hydrogen atoms and offload the delivery as hydrogen at the point of use.
I’ll be watching for progress announcements from AmmPower that can hopefully start to see share prices into an upswing.
$AMMP.CN closed out the week at $.57 and the company is valued at $47.15 million.
https://ceo.ca/@nasdaq/ammpower-corp-announces-first-ammonia-production-at