- FuelPositive recently appointed André Mech as the company’s Strategic Carbon Credit and Emissions Reduction Specialist
- The company also brought Sussex Strategy Group on board to offer government relations services
- So far in 2021, FuelPositive has achieved several milestones, including acquisitions, initial licensing agreements, the commencement of and ultimate completion of phase II build-out
- Going forward, it is building its first systems to be used in demonstration projects in 2022, while it seeks to ramp up production capacity for the 2022 fiscal year
2021, so far, has been an excellent year for FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF). Since holding its first investor presentation back in June 2021, the company has achieved several other milestones and made strategic investments. Combined, these bring it even closer to its ultimate goal of providing sustainable, clean energy to reduce carbon emissions.
FuelPositive’s Chief Executive Officer (“CEO”) and Chair of the Board, Ian Clifford, recently appeared on its YouTube channel to highlight the company’s recent developments and offer insights into its future (https://ibn.fm/q6gNg). Of note was the move to bring on board André Mech, who would assume the position of Strategic Carbon Credit and Emissions Reduction Specialist.
Focusing on carbon-free ammonia is a lucrative move by FuelPositive, allowing it to monetize carbon credits by selling them through different exchanges around the world (https://ibn.fm/RDzdM). Mr. Clifford, however, has acknowledged that this is a complicated process that requires someone who knows how to approach and effectively deal with it. With his years of experience, Mech would help the company navigate the industry and achieve this goal. He would be lending his years of experience from advising governments and organizations on sustainability, energy efficiency, and carbon reduction, thereby helping FuelPositive sell its carbon credits in the same way that Tesla does.
Mr. Clifford also touched on hiring Sussex Strategy Group to offer government services. Like André Mech, this organization would help FuelPositive navigate the government landscape, securing partnerships and funding for projects that will prove FuelPositive’s technology and ultimately help governments achieve, or even surpass the promises of the Paris Agreement (https://ibn.fm/wr1gO).
To date, FuelPositive has managed to achieve three main milestones for the 2021 fiscal year: process determination, primary component vendor selection and procurement, and engineering design. These milestones touch on most of the company’s activities, including but not limited to major component design, the fabrication of reactors, and ammonia separation modeling and design (https://ibn.fm/ksgqW). The company has also made some notable acquisitions and begun the build-out of Phase II systems (https://ibn.fm/DMbXC).
Going forward into 2022, the company plans to put systems in place for demonstration projects with partners and ramp up production capability in the early half of the year, and start shipping commercial systems in the last quarter of 2022.
The hydrogen economy is at the core of FuelPositive’s agenda. Through its carbon-free ammonia, the company offers a solution that requires 30% less energy than conventional ammonia production, with zero carbon emissions. FuelPositive can also store 65% more hydrogen in its carbon-free NH3 than traditionally highly compressed hydrogen, making hydrogen easy to store and transport using existing infrastructure, and differentiating the company from its competitors (https://ibn.fm/ohYjm).
The global green ammonia market size is projected to post a 54% year-over-year growth between 2020 and 2025 (https://ibn.fm/rZb92). With FuelPositive spearheading the modular and scalable carbon-free ammonia industry, the company plans to bank on the opportunities therein and be part of this imminent growth. So far, the company’s systems and infrastructure place it in a great position to achieve this and other target milestones set for the coming financial year, something that Mr. Clifford has expressed optimism and enthusiasm for.
FuelPositive believes that carbon-free ammonia is the future. All strategic decisions made in 2021 have taken the company steps closer to realizing a world with sustainable, clean energy that replaces fossil fuels. The company’s future looks bright, and its role in pushing for the change from fossil fuels cannot be ignored.
For more information, visit the company’s website at www.FuelPositive.com.
NOTE TO INVESTORS: The latest news and updates relating to NHHHF are available in the company’s newsroom at https://ibn.fm/NHHHF
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