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How This Company is Changing the Landscape With Carbon-free Ammonia Solutions

Jocelyn Aspa Jocelyn Aspa, The Market Herald
4 Comments| September 21, 2021

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If one thing’s for certain, it’s that advancements continue being made in emerging technologies and — in particular — areas such as the cleantech space.

When it comes to cleantech, solar, wind energy and fossil-free fuels often come to mind first. To that end, however, in terms of alternative fuels, ammonia as a clean fuel is rising in prominence and is poised to be a game-changer across a wide range of industries.

That being said, the way ammonia is currently produced makes it one of the most concentrated global contributors of greenhouse gas emissions. Ammonia is the second most produced chemical, but its current production produces millions of tons of carbon potent greenhouse gas every year.

Toronto-based FuelPositive Corp. (TSXV:NHHH, OTCQB:NHHHF, Forum), however, is working towards changing this by developing a first-of-its-kind modular and scalable carbon-free ammonia (NH3) system that enables in-situ production. FuelPositive’s carbon-free ammonia solution will soon be available to replace conventionally produced C02 polluting ammonia.

As the race to reduce our global carbon footprint accelerates, replacing fossil fuels, gasoline and diesel with FuelPositive’s carbon-free NH3, also known as green ammonia, will have a dramatic impact on a sustainable, clean energy future.

The potential of the FuelPositive Carbon-free NH3

Developed by Canadian Dr. Ibrahim Dincer and his team, the company’s patent pending NH3 presents itself as a transition towards the hydrogen economy.

In an interview with Stockhouse Editorial, FuelPositive CEO Ian Clifford elaborated on the current production of ammonia, stating it is the most carbon intense industrial process in the world — even more so than fossil fuels.

FuelPositive’s carbon-free ammonia technology has the potential to replace fossil fuels over the next decade and reduce carbon emissions. What’s more, the technology sustainably enables in-situ production of NH3 while the process allows small- to medium- and large-scale production of carbon-free NH3 through only the use of water, air and sustainable electricity.

Additionally, the company’s technology separates itself from others by using 30 per cent less energy and having lower temperatures and pressures.

As a Canadian-based company with its roots tied to the north, Clifford said the technology and all its future iterations will be produced in Canada. He said this way the company can have its eyes on the production and manufacturing; what makes it unique, however, is being able to transport it at a global scale.

He explained that the company believes that staying true to its Canadian roots is an integral part of the technology and its process, which Clifford said has huge export potential.

What’s perhaps even more impressive is that the company’s technology has the potential to disrupt the US$70 billion ammonia industry and gives itself a competitive advantage as a cost-effective clean fossil fuel replacement for a wide range of industries.

Exploring use cases with FuelPositive’s Carbon-free NH3

The carbon-free NH3 system is also incredibly versatile and can be used in smaller stand-alone fuel generation systems. In addition to this, the company said its system will also be able to be used for scaled grid storage systems for everything from hydro, wind and solar to geothermal electricity generation operations.

With that in mind, however, the agriculture sector is undoubtedly the largest user of ammonia today — accounting for over 80 per cent of the world’s supply — and is looking for ways to dramatically reduce C02 emissions.


(Image courtesy of FuelPositive)


FuelPositive’s carbon-free NH3 can facilitate ammonia required for fertilizing, which makes it possible for farmers to produce the exact amount of ammonia needed right on their farms and thereby avoiding the need to rely on a costly supply chain to transport ammonia to them.

As such, small and large-scale farms can access sustainable electricity to independently produce and store their own carbon-free NH3 for use as fertilizer, fuel, powering generators, coolers and grain drying equipment.

Although these areas monopolize most of ammonia’s use cases, ammonia can be used in a wide range of other areas, including processing plastic fibers for textile use, cotton fabrics, phenol for pharmaceuticals, electrical energy, dietary fiber, capacitors, ammonia used as a detergent, carburants, motor fuel and endless others.

What’s next for FuelPositive

Now that the company has filed its patent application for the FuelPositive carbon-free NH3, Clifford said moving into the fall and into 2022 investors can expect the company to build its phase 2 hydrogen-ammonia synthesizer, which will be largely the company’s focus in the coming months.

Clifford added that the company will be able to facilitate this through its partnership with National Compressed Air Canada, which FuelPositive announced in May.

National Compressed Air will complete the manufacturing of FuelPositive’s phase 2 commercial hydrogen-ammonia synthesizer prototype systems for NH3 production. Clifford explained that these are demonstration systems for pilot projects, which will be producing carbon-free ammonia, testing performance and testing the viability of the scalable model.

In a press release, the company said demonstration prototypes are slated to be completed by the end of the year, while pilot projects are expected to begin in the first quarter of next year.

The company’s management team

To help FuelPositive achieve its goals and have a dramatic impact in reducing carbon emissions, the company has a team backed with years of experience across several key verticals.

Ian Clifford, CEO and Board Chair

Ian Clifford brings more than 25 years of experience in the fields of technology and marketing and has successfully led the Company to global brand recognition through its unique energy solutions. From 2006 to today, Ian has raised more than $60 million in equity financing for the Company. Ian co-founded digIT Interactive, a full-service Internet marketing company serving Fortune 500, which he sold at the peak of the market in 2000.

Nelson Leite, Board Member and Chief Operating Officer

Nelson brings to FuelPositive over 30 years of experience in various positions as CEO, CTO and VP of Sales and Marketing including over 20 years as CEO of the robotics and automation company he founded in 1994. He began his career as a Tool Maker through Conestoga College and continued his studies in the Mechanical & Electrical Engineering fields. As a mechatronics specialist, Nelson has led the development of several technologies and inventions including AI software, robotics and machine development, leading to several patents. Nelson has successfully created and executed multiple strategic plans for the path of new technologies from inception to commercialization in the automotive, pharmaceutical and consumer goods industries which were utilized by companies such as Toyota, Tesla, and Pfizer to name a few.

Ibrahim Dincer, BSc, MSc, PhD, Peng, Co-Inventor, Lead Technologist

Dr. Ibrahim Dincer is recognized as a pioneer and international leader in the area of sustainable energy technologies. Along with his team, Dr. Dincer invented the modular carbon-free ammonia (NH3) production technology that FuelPositive is commercializing. His area of specialty covers various topics including ammonia, hydrogen energy and fuel cells; renewable energy systems; energy storage systems and applications; carbon capturing technologies and integrated and hybrid energy systems.

Ghassan Chehade, BEng, MSc, EIT, PhD, Co-Inventor, Lead Project Engineer

Dr. Ghassan Chehade is a hydrogen/ammonia subject matter specialist, focused on the link between climate change and energy systems. He worked for more than half a decade at Clean Energy Research Laboratory, performing research related to clean energy systems. His discoveries on ammonia and hydrogen production methods in the lab have translated to commercial solutions that can revolutionize the way to reduce carbon emissions.

François Desloges, BEng, Senior Research Scientist

François has over 25 years of experience in high tech entrepreneurship. With a degree in electrical engineering from Polytechnique de Montréal, he has developed electronic systems software applications and material science at the heart of innovative processes for start-up companies. An out-of-the-box-thinker obsessed with quality, François has always preferred small teams and projects with the potential to disrupt the status quo.

In recent years, he has enjoyed contributing to ventures that resonate with his ethical values, whether in the area of privacy or the transition to carbon-free energy sources.

Olushola (Shola) Ashiru, Independent Board Member

A Partner and Portfolio Manager at New Energy Fund (NEF) II, Shola Ashiru has worked in the field of clean technologies since 2007. She co-founded New Energy Fund II (an NEF Advisors company), which is a private equity yield fund set up to take equity positions in high yielding renewable energy projects ranging from fuel cells, solar and wind to efficiency and storage options. Based in New York City, Shola started her career in Cleantech Equity Research, then Equity Capital Markets at Ardour Capital Investments. Shola serves as judge in the annual New York Business Plan Competition, the annual Cleantech Open Northeast competition, and also the annual National Renewable Energy Laboratory’s Industry Growth Forum.

André Mech, BEng, MBA – Advisor, Carbon Credits and Emissions Reduction

André has worked in the emissions reduction space for more than 20 years, assessing the emission profiles of hundreds of transportation and renewable energy companies and technologies on two continents. His experience positions him as one of the most knowledgeable emissions reduction and carbon credit specialists in the sector.

The investment opportunity

As it currently stands, FuelPositive has a market capitalization of just over C$50 million and a share price of C$0.19 as of market close on September 9. The company also has 288,108,662 shares issued and outstanding.

At a discount share price, FuelPositive is vastly undervalued, but its share price increase of over 20 per cent year-to-date means investors are paying attention to this growing company that is in a strong position for future growth.

In line with the company’s share price increase, as the need for green ammonia accelerates, FuelPositive’s impact in the industry will also increase exponentially as a unique play in the space.

Moving beyond 2021, the ammonia market is projected to grow at a compound annual growth rate of 6.4 per cent to US$110.93 billion by 2028. Fueling that growth will be the increased potential of green ammonia as a marine fuel, the increased demand for urea and nitrogen and, of course, ammonia being a critical element in helping governments boost farm yields.

As such, FuelPositive is already in a strong position to meet this growing demand for green ammonia, and — with plenty to watch for in the coming months and into 2022 — investors won’t want to miss the boat.

For more information please visit fuelpositive.com.

FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.



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Comments

Prototype is being constructed now. So looking forward to operating specs/ data confirming comparative cost saving and ease of utilization in any production location. On grid or off.
(0)
September 21, 2021

Prototype is being constructed now. So looking forward to operating specs/ data confirming comparative cost saving and ease of utilization in any production location. On grid or off.
(0)
September 21, 2021

Prototype is being constructed now. So looking forward to operating specs/ data confirming comparative cost saving and ease of utilization in any production location. On grid or off.
(0)
September 21, 2021

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