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WATERLOO, ON, April 3, 2024 (GLOBE NEWSWIRE) — FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) (the “Company” or “FuelPositive”), a leading green ammonia company, , March 15, 2024 The National Science Foundation-funded Global Nitrogen Innovation Center for Clean Energy and the Environment (NICCEE) is a major grain-producing region of the Chesapeake Bay Basin, on the Eastern Shore of Maryland. A review meeting was held with local agricultural partners.
FuelPositive was invited by Dr. Matthew Houser, senior social scientist at The Nature Conservancy and assistant professor at the University of Maryland Center for Environmental Science, to share his groundbreaking green ammonia story.
The Global Nitrogen Innovation Center for Clean Energy and Environment (NICCEE) University of Maryland Environmental Science Center (UMCES) With key US partners (new york university and University of Massachusetts Amherst), Canada (University of Guelph), UK (Rothamstead research) provides timely and critical insights related to rapidly evolving innovations to produce green ammonia using renewable energy for clean energy and food production.
The goal of this meeting was to inform potential end users about new on-farm green ammonia production technologies and document their perceived opportunities and concerns related to implementation.
Conference attendees represented a variety of stakeholders involved in agricultural nitrogen management, including grain farmers, local fertilizer distributors, agricultural policy representatives, and agricultural conservation organizations. “In addition to several presentations covering NICCEE’s objectives and the overall development of green ammonia, FuelPositive CEO Ian Clifford also joined us to discuss the company’s farm green ammonia unit. A facilitated discussion During the workshop, participants provided their views on this new technology, centered around FuelPositive’s system,” said Dr. Hauser.
“Local distributors and farmers alike are price-setters when it comes to inputs that FuelPositive systems can produce or replace, such as nitrogen fertilizer and propane for grain drying. Both groups were primarily excited about the possibility of having “control” over these inputs. This allows retailers to offer better nitrogen prices to customers and allows farmers to maintain consistent input costs. Retailers like the independence it provides: stability and predictability of price and supply. Meanwhile, farmer and distributor participants pointed to several potential implementation and implementation challenges. , there was general enthusiasm about the economic and environmental potential of these systems, and several participants expressed that they were seriously considering operating these units,” Dr. Hauser continued.
“We are very honored to have been invited to meet with such open-minded farmers and leaders in the green ammonia sector. It was truly inspiring to participate in the discussions and debates. “It was also remarkable to meet more and more passionate advocates who are committed to optimizing agriculture while protecting the environment.” This reaffirms our collective dedication to promoting sustainable practices that benefit our planet and future generations,” concluded Ian Clifford, FuelPositive CEO and Chairman of the Board. Ta.
NICEE plans to hold partner workshops in other parts of the United States, Canada, and the United Kingdom in the future to assess how perceptions vary across and within national borders. As an innovation partner of NCCEE, FuelPositive will benefit from this wealth of information about the emerging sector and its first end users.
About Fuel Positive Co., Ltd.
FuelPositive is a Canadian technology company dedicated to providing commercially viable and sustainable clean technology solutions that follow a circular approach and ensure the entire lifecycle of a product is environmentally friendly. This includes an on-farm/on-site containerized green ammonia (NH3) production system that effectively eliminates carbon emissions during the production process.
By focusing on clean, sustainable, economically advantageous and viable technologies, we address unsustainable agricultural practices through innovative technology and practical solutions you can implement now, and combat climate change. We aim to contribute to the mitigation of FuelPositive’s on-site/on-site containerized green ammonia production system is a pure ammonia production system that can be used for multiple applications, including agricultural fertilizer, grain drying fuel, internal combustion engines, a practical alternative to fuel cells, and a solution for the power grid. designed to produce anhydrous ammonia. storage. Green ammonia is also considered a key enabler of the hydrogen economy.
The FuelPositive system is designed to produce green ammonia on-farm/on-site, when and where you need it. This eliminates highly variable supply chains and eliminates carbon emissions from production, while providing end users with security of supply of clean fertilizer, energy and green ammonia. Our first customers are farmers. Farmers currently use 80% of the traditional gray ammonia produced as fertilizer.
Click here for sales details: https://fuelpositive.com/sales/
FuelPositive Corporation is based in Waterloo, Canada and trades on the TSX Venture Exchange under the symbol NHHH and in the United States on the OTCQB under the symbol NHHHF.
For more information, please contact us below.
Ian Clifford
Chief Executive Officer and Chairman of the Board
Ian@fuelpositive.com
Phone: 416.535.8395
www.fuelpositive.com
Logan Ross
Senior Vice President of Communications & Campaigns
Counsel Public Affairs Co., Ltd.
lros@counselpa.com
Phone: 204.720.3662
www.counselpa.com
Information for US and international investors:
RB Milestone Group (RBMG)
fuelpositive@rbmilestone.com
Canadian investor relations:
Transcend Capital
et@transcendcapitalinc.com
Notes
Trading in our securities should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts 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. )contained. Information in this release regarding our future plans and goals, including with respect to further testing and implementation of the FP300 system, is forward-looking statements.
These forward-looking statements are based on the assumptions and estimates of the Company’s management at the date they are made and are subject to known and unknown risks and uncertainties and that the Company’s actual results, performance or achievements may be subject to known and unknown risks and uncertainties. It includes other factors that can cause significant differences. Any future results, performance or achievements expressed or implied by such forward-looking statements are excluded. Forward-looking statements are necessarily subject to significant business, economic and competitive uncertainties and contingencies that the Company believes are reasonable at the time of such statements. is based on numerous estimates and assumptions. These estimates and assumptions may prove to be incorrect.
Many of these uncertainties and contingencies may affect us directly or indirectly and could cause actual results to differ materially from those expressed or implied by the 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 regarding management’s expectations and plans regarding the future. We do not intend to update or revise any forward-looking information or to explain any material differences between subsequent actual events and such forward-looking information, except to the extent required by applicable law. We disclaim any intention or obligation to do so.
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