NHHH:CC - InvestorNewsBreaks - FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) Receives $1.9M Funding Grant from Canadian Government ACT Program
FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF), a Canadian-based, growth-stage company committed to providing commercially viable and sustainable, cradle-to-cradle, clean-energy solutions, will receive a funding grant of up to $1.9 million through the Research and Innovation Stream of the Agriculture Clean Technology (“ACT”) Program, delivered by Agriculture and Agri-Food Canada (“AAFC”). According to the announcement, the grant was awarded to FuelPositive’s Green NH3 Demonstration Phase Project in support of the commercialization of the FP300 Green Ammonia system. The company noted that it will use the ACT Program funding to gather key information required to continue to adapt its technology to the commercial needs of farmers. During the demonstration phase project, FuelPositive will build and test three green ammonia demonstration systems, with each system becoming progressively advanced and better.
In awarding the grant, government officials noted that the investment in FuelPositive was leading the way in clean technology with a green-ammonia production system that “is a shining example of Canadian ingenuity in action” and that “is exactly the type of innovation” farmers and the planet need. “We are very proud that FuelPositive has been selected by Agriculture and Agri-Food Canada as one of the leaders in clean agriculture technology and innovation, aiming to reduce greenhouse gases in Canada,” said FuelPositive CEO and chair Ian Clifford in the press release. “After a thorough selection process, we were overjoyed to learn that FuelPositive’s new technology was awarded a significant contribution by the government of Canada. The recognition of the critical importance of a decentralized approach to green ammonia production, a key farm input, speaks volumes to the alignment between the federal government and FuelPositive and our mutual desire to provide solutions for Canadian farmers. Meeting greenhouse gas-emission reduction targets and providing global food security are priorities.”
To view the full press release, visit https://ibn.fm/7KVqE
About FuelPositive Corporation
FuelPositive is a Canadian technology company committed to providing commercially viable and sustainable, cradle-to-cradle, clean-technology solutions, including an on-farm/onsite, containerized green ammonia (“NH3”) production system that eliminates carbon emissions from the production of green ammonia. By focusing on technologies that are clean, sustainable, economically advantageous and realizable, FuelPositive aims to help mitigate climate change, addressing unsustainable agricultural practices through innovative technology and practical solutions that can be implemented now. The company’s 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. For more information about the company, visit www.FuelPositive.com.
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