NetworkNewsBreaks – FuelPositive Corporation (TS
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Posted On: 06/10/2022 4:02:10 PM
NetworkNewsBreaks – FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) Addressing Price Volatility, Supply Uncertainty with Flagship Product
FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF) recently held its virtual annual general meeting (“AGM”) in which it shared insights into its progress and the plans for the coming year. According to the company’s CEO and Board Chair Ian Clifford, FuelPositive moved from a cold start, with the acquisition of the intellectual property for the technology 13 months prior, to soon be field-ready with its flagship ammonia production system. Over the 13 months, FuelPositive garnered interest from farmers, including the family of Tracy and Curtis Hiebert that resulted in a letter of intent, making them the company’s first demonstration project partners. In a recorded video that formed part of the AGM, Curtis Hiebert highlighted the struggles in accessing fertilizers as well as the increase in the prices of anhydrous grey ammonia from around CA$650/ton in spring 2021 to $1,200/ton in fall 2021. Curtis believes this figure has since doubled. “It is this price volatility and uncertainty in supply that FuelPositive aims to help framers address with its containerized green ammonia production system,” a recent article reads. “With agriculture using 80% of all grey ammonia being produced currently, FuelPositive is positioning its system as a way to dramatically reduce the carbon footprint of agriculture, simultaneously creating an avenue for customers to offset the prices of the system and for the company to fund future growth through the sale of carbon credits.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF) recently held its virtual annual general meeting (“AGM”) in which it shared insights into its progress and the plans for the coming year. According to the company’s CEO and Board Chair Ian Clifford, FuelPositive moved from a cold start, with the acquisition of the intellectual property for the technology 13 months prior, to soon be field-ready with its flagship ammonia production system. Over the 13 months, FuelPositive garnered interest from farmers, including the family of Tracy and Curtis Hiebert that resulted in a letter of intent, making them the company’s first demonstration project partners. In a recorded video that formed part of the AGM, Curtis Hiebert highlighted the struggles in accessing fertilizers as well as the increase in the prices of anhydrous grey ammonia from around CA$650/ton in spring 2021 to $1,200/ton in fall 2021. Curtis believes this figure has since doubled. “It is this price volatility and uncertainty in supply that FuelPositive aims to help framers address with its containerized green ammonia production system,” a recent article reads. “With agriculture using 80% of all grey ammonia being produced currently, FuelPositive is positioning its system as a way to dramatically reduce the carbon footprint of agriculture, simultaneously creating an avenue for customers to offset the prices of the system and for the company to fund future growth through the sale of carbon credits.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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