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  • FuelPositive Corporation (NHHH) has filed financial statements for fiscal 2021 and provided corporate updates
  • FuelPositive CEO and Board Chair Ian Clifford sat down with Dave Jackson to highlight the updates
  • FuelPositive provides clean energy solutions, including carbon-free ammonia, for use across a broad spectrum of industries and applications
  • Shares of FuelPositive (NHHH) are currently trading at C$0.16

FuelPositive Corporation (NHHH) has filed financial statements for fiscal 2021 and provided corporate updates.

FuelPositive CEO and Board Chair Ian Clifford sat down with Dave Jackson to highlight the updates.

Highlights:

  • The building of the first demonstration green ammonia production system is progressing to plan
  • The on-site system comprises a nitrogen generator, a water electrolyser and a green ammonia synthesis reactor to produce ammonia from the hydrogen and nitrogen
  • The hydrogen system has passed Factory Acceptance Testing (FAT)
  • The ammonia conversion system is progressing well and is on track for the planned demonstration pilot project
  • A 6,000-acre grain and plant-based farm in Manitoba has been selected for the first demonstration pilot project
  • The deployment of the first demonstration pilot project is planned for mid-2022
  • FuelPositive has hired Counsel Public Affairs Inc. to provide government relations services in Western Canada
  • FuelPositive is finalizing its new Agriculture Sector Advisory Panel
  • The advisory board will advise farmers how best to use the company’s green ammonia to positively impact nutrient management and reduce on-farm emissions
  • The Kitchener-Waterloo area has been identified as the location for FuelPositive’s head office

“We are on track to deploy our first prototype in Manitoba in late summer 2022. Our first site visit, which was conducted last week, went extremely well and we are now finalizing our agreement with the farmer,” said Ian.

FuelPositive has hired Counsel Public Affairs Inc. to provide government relations services in Western Canada, working alongside Sussex Strategy Group.

FuelPositive is setting up its new Agriculture Sector Advisory Panel. The group will guide the company as it supports farmers, using its green ammonia, to decarbonize their farms and improve their efficiency and on-farm emissions.

The Kitchener-Waterloo area has been identified as the location for FuelPositive’s head office. The company is in negotiations with landlords for office, R&D and lab space.

FuelPositive provides clean energy solutions, including carbon-free ammonia, for use across a broad spectrum of industries and applications.

Shares of FuelPositive (NHHH) are currently trading at C$0.16.

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