FuelPositive Presents its Green Ammonia Technology to Canada UK Energy Summit in London UK

TORONTO, Oct. 20, 2022 (GLOBE NEWSWIRE) -- FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) (“FuelPositive” or the “Company”) is pleased to report it attended and addressed the delegates at the 13^th Annual Canada UK Energy Summit held yesterday at Canada House in London, UK. With a focus on industrial decarbonization, the aim of the annual summit is to expand export opportunities for Canadian firms into the UK market and strengthen bilateral commercial cooperation. One hundred Canadian and UK pre-qualified company representatives participated, along with 25 Canadian and British government representatives who are responsible for the advancement of policy and funding frameworks. FuelPositive was one of five Canadian emerging technology companies invited to address the entire group in the Innovators Session.

“We were delighted that our technology and company are being recognized by government leaders as a valuable tool in the fight against climate change. Our onsite, containerized green ammonia production system is a perfect example of a practical, decentralized and economical approach to industrial decarbonization. It disrupts the traditional, centralized grey ammonia industry, that’s driven by fossil fuels and is well known as a major polluter around the world. Our system produces carbon-free, green ammonia using air, water and sustainable electricity, and the decentralized, onsite model allows end-users to produce the ammonia they need for fertilizer and/or for fuel on their own land, where the ammonia is going to be used. That means we’ve eliminated carbon emissions from the production process of ammonia, and we’ve eliminated the need for large storage facilities and the transportation of dirty ammonia across vast distances to end users,” said Ian Clifford, FuelPositive CEO and Board Chair.

FuelPositive’s first demonstration system is expected to be fully validated and farm-ready in November 2022, before being moved to an 11,000-acre farm in Manitoba where it will be run for one year in all types of weather as a pilot project. The Company has begun to accept pre-sales inquiries. The onsite model provides end users with stability and control over supply, timing and price.

Grey Ammonia and Pollution

Over 200 million tonnes of traditional or grey ammonia are manufactured and consumed annually worldwide. In fact, grey ammonia currently ranks as the second most produced chemical globally, with production accounting for two per cent of the world’s fossil fuel use. Eighty per cent of grey ammonia is used as nitrogen fertilizer to grow food. While we rely on ammonia as fertilizer for food security, the traditional method of producing it, in massive, centralized refineries, is one of the most emissions-intensive manufacturing processes in the world. As a whole, the traditional ammonia industry generates over 420 million tons of carbon dioxide annually. For every metric tonne of traditional or grey ammonia produced globally, almost three metric tonnes of greenhouse gases are emitted.