Technology
Wednesday, June 12th, 2024 2:26 pm EDT
Key Points
- Successful Installation of First Farmer-Owned Modular Green Ammonia Production System: FuelPositive Corporation has installed the world’s first farmer-owned modular green ammonia production system on the Hieberts’ farm in Sperling, Manitoba.
- Significant Step Towards Sustainable Agriculture: The installation marks a pivotal step in promoting sustainable and environmentally friendly practices in agriculture, helping farmers mitigate greenhouse gas emissions and meet Canadian emission reduction targets.
- Future Phases and Global Impact: With the installation complete and the arrival of a 90-ton storage tank, FuelPositive is set to begin on-farm production of green ammonia, aiming to enhance global food security and lead decentralized green ammonia production.
SPERLING, Manitoba, June 12, 2024 (GLOBE NEWSWIRE) — FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) (the “Company”) is thrilled to announce that, after years of dedicated effort and meticulous planning, its team has successfully installed the world’s first Farmer-Owned Modular Green Ammonia production system in Sperling, Manitoba.
“June 11, 2024, marks a historic moment for FuelPositive as all containers of its first commercial-scale system were placed in their final positions on the Hieberts’ farm,” said Luna Clifford, FuelPositive’s Co-Founder and Chief Impact Officer.
FuelPositive’s dedicated and diligent team worked tirelessly to ensure the installation was installed safely and efficiently.
The successful placement of the containers was captured through stunning drone shots and photography, showcasing the impressive integration of cutting-edge technology on the Hieberts’ vibrant and dynamic farm landscape.
“The installation site presented a picturesque scene: the rich black earth contrasted beautifully with the white containers and wide gravel paths, framed by the vibrant green of wheat fields and the yellow canola flowers,” said Ian Clifford, FuelPositive’s Co-Founder and CEO and Chair of the Board of Directors. “Despite the windy conditions, the day remained dry, allowing our hardworking team to progress uninterrupted and our video crew to document the day.”
The installation of the Company’s first containerized green ammonia production system signifies a pivotal step towards a more sustainable and environmentally friendly future for agriculture in Canada and around the world.
“Emissions in agriculture are hard to abate; farmers need accessible tools and solutions to meet the Canadian emission reduction targets set for them. FuelPositive is here to support farmers in mitigating greenhouse gas emissions,” continued Luna Clifford.
“With our first system now in place and the massive 90-ton storage tank arriving today, we are ready to complete commissioning and move forward to our next phase: the on-farm production of Green Ammonia,” said Nelson Leite, FuelPositive’s Chief Technology Officer.
“FuelPositive’s groundbreaking project, happening right here in Manitoba, could mean the beginning of a beautiful success story for the province and Canada,” continued Luna Clifford.
FuelPositive is proud to lead the way in decentralized on-farm Green Ammonia production, significantly enhancing farmers’ resilience and advancing global food security.
As the Company celebrates this achievement, the Company and its team remain committed to providing farmers with scalable, reliable, and accessible On-farm Green Ammonia solutions.
“This milestone for the Company marks the beginning of a transformative journey for the Canadian agricultural industry and beyond,” concluded Ian Clifford. “We are ready to grow.”
About FuelPositive Corporation
FuelPositive is a Canadian technology company dedicated to delivering commercially feasible and sustainable clean technology solutions that follow a circular approach, ensuring the entire lifecycle of our products is environmentally friendly. This includes an on-farm/onsite, containerized Green Ammonia (NH3) production system that effectively eliminates carbon emissions during the production process.
By focusing on technologies that are clean, sustainable, economically advantageous and realizable, the Company aims to help mitigate climate change, addressing unsustainable agricultural practices through innovative technology and practical solutions that can be implemented now. The FuelPositive on-farm/onsite, containerized Green Ammonia production system is designed to produce pure, anhydrous ammonia for multiple applications, including fertilizer for farming, fuel for grain drying and internal combustion engines, a practical alternative for fuel cells and a solution for grid storage. Green Ammonia is also considered a key enabler of the hydrogen economy.
FuelPositive systems are designed to provide for Green Ammonia production on-farm/onsite, where and when needed. This eliminates wildly fluctuating supply chains and offers end-users clean fertilizer, energy and Green Ammonia supply security while eliminating carbon emissions from the production process. The first customers will be farmers. Farmers use 80% of the traditional grey ammonia produced today as fertilizer.
See pre-sale details here: https://fuelpositive.com/pre-sales/.
FuelPositive Corporation is based in Waterloo (Canada) and trades on the TSX Venture Exchange under the symbol NHHH and in the USA on the OTCQB under the symbol NHHHF.
For further information, please contact:
Ian Clifford
Chief Executive Officer and Board Chair
Ian@fuelpositive.comTel: 416.535.8395
www.fuelpositive.com
Logan Ross
Senior Vice President, Communications & Campaigns
Counsel Public Affairs, Inc.
lross@counselpa.com
Tel: 204.720.3662
www.counselpa.com
Investor Relations United States & International:
RB Milestone Group (RBMG)
fuelpositive@rbmilestone.com
Investor Relations Canada:
Transcend Capital Inc.
et@transcendcapitalinc.com
Cautionary Statement
Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) that are based on expectations, estimates and projections as of the date of this news release. The information in this release about future plans and objectives of the Company, including with respect to further testing and implementation of the FP300 system, are forward-looking statements.
These forward-looking statements are based on assumptions and estimates of management of the Company at the time they were made and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. 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 information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Forward-looking information is 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 information or to explain any material difference between subsequent actual events and such forward-looking information, except to the extent required by applicable law.
