Published by Todd Bush on January 10, 2024
WATERLOO, Ontario, Jan. 08, 2024 (GLOBE NEWSWIRE) -- FuelPositive Corporation, a leading Green Ammonia Company (TSX.V: NHHH) (OTCQB: NHHHF) (the “Company” or “FuelPositive”) announces that it has joined the Canadian Hydrogen and Fuel Cell Association (CHFCA).
“We are pleased to welcome Fuel Positive to the CHFCA as a start-up member. With deep knowledge of the green ammonia and agricultural space, FuelPositive’s initiatives will be a key driver in the industry. We eagerly anticipate supporting FuelPositive’s industry growth and influence,” said Ivette Vera-Perez, CEO of CHFCA.
>> Additional Reading: Cipher Neutron and FuelPositive Forge Strategic Partnership for Multiple AEM Electrolyser Technology Orders
Nelson Leite, Chief Operating Officer and Board Member of FuelPositive, stated, “Farmers use 80% of the traditional, highly polluting, grey ammonia produced today, and ammonia is a critical chemical in many other sectors. The possibility of producing Green Ammonia on-site for nitrogen fertilizers, fuel-switching, and water purification – with no carbon emissions – is drawing attention globally. It can replace the grey ammonia in virtually all the traditional sectors, significantly reducing carbon emissions worldwide.”
Leite continued, “On-site Green Hydrogen production is a key component of our system. FuelPositive is excited to join the CHFCA to bring us closer to the greatest minds focused on Canadian Green Hydrogen technologies!”
Ian Clifford, FuelPositive’s Chief Executive Officer and Chair, stated, “We are very excited to partner with Canadian Green Hydrogen manufacturers and innovators through the CHFCA. FuelPositive is testing and accessing Green Hydrogen technologies worldwide for our systems. Teaming up with Canadian technology companies and supporting the Canadian economy as we build our Green Ammonia solutions aligns with our mission as a Company.”
The Canadian Hydrogen and Fuel Cell Association (CHFCA) is a national association that supports industry, academia, government agencies, financial organizations, and other stakeholders focused on hydrogen and fuel cell technologies and products. As the collective voice of Canada’s world-leading hydrogen and fuel cell sector, the CHFCA’s mission is to strengthen Canadian leadership, raise awareness of the benefits of the technology, and accelerate the adoption of its members’ products and services in Canada and abroad. The CHFCA currently has more than 170 members across Canada and regional branches in British Columbia, Quebec and Ontario. You can visit www.chfca.ca for more information.
The Company has set the deadline for completing its ongoing non-brokered private placement (the “Offering”) for January 31, 2024. The Offering consists of up to 90,909,090 units (each a “Unit”) at a price of $0.055 per Unit. Each Unit consists of one common share of the Company and one common share purchase warrant allowing holders to purchase an additional common share at a price of $0.07 for a period of sixty months.
On December 15, 2023, the Company completed an initial tranche of the Offering and issued 24,545,454 Units for aggregate gross proceeds of $1,350,000.
All securities issued in connection with the Offering are subject to restrictions on resale for a period of four months and one day in accordance with applicable securities laws. The Company will pay finders’ fees to eligible third parties who have assisted in introducing subscribers to the Offering. The net proceeds from the Offering will be utilized for general working capital purposes.
FuelPositive is a Canadian technology company that delivers economical and sustainable clean technology solutions. FuelPositive strives to ensure that the lifecycle of our products is environmentally friendly. This includes an on-farm/onsite, containerized Green Ammonia (NH3) production system that effectively eliminates carbon emissions during the production process.
By focusing on technologies that are clean, sustainable, economically advantageous and realizable, the Company aims to help mitigate climate change, addressing unsustainable agricultural practices through innovative technology and practical solutions that can be implemented now. The FuelPositive 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.
See pre-sale details here: https://fuelpositive.com/pre-sales/.
FuelPositive Corporation is based in Waterloo (Canada) and trades on the TSX Venture Exchange under the symbol NHHH and in the USA on the OTCQB under the symbol NHHHF.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🧪 $400M Bet on Blue Ammonia: Industry Giants Push Carbon Capture in Louisiana 🏭 Linde Signs Long-Term Agreement to Supply Industrial Gases to World-Scale Low-Carbon Ammonia Facil...
Inside This Issue 🔌 BP's Indiana Exit Is Not the Endgame for Clean Hydrogen ☀️ Cadiz Signs Second MOU for Hydrogen - Solar Development at Cadiz Ranch 🏗️ Heidelberg Materials Inaugurates Brevik CCS...
Inside This Issue 🧩 Who Gets Left Behind? Inside the Senate Plan Reshaping America's Clean Energy Future 🌿 TMD Energy Limited Enters into Strategic Memorandum of Agreement to Advance Green Bioener...
Entropy Enters Definitive Agreement to Purchase Strategic Carbon Storage Assets
Transaction increases Entropy's customer base and expands Entropy's operations into Saskatchewan CALGARY, AB, June 23, 2025 /CNW/ - Entropy Inc. ("Entropy"), a subsidiary of Advantage Energy Ltd. ...
Paris Air Show: TotalEnergies Signs a Deal with Quatra to Secure Feedstock for its Biorefineries
TotalEnergies and Quatra, the European market leader in the collection and recycling of used cooking oil, have signed a 15-year agreement beginning in 2026, for the supply of 60,000 tons a year of ...
Funding led by Taranis will accelerate deployment of Elemental’s low-carbon platform that transforms waste into high-value carbon nanomaterials, clean hydrogen, and recovered critical minerals. HO...
First large-scale multi-panel solar-to-hydrogen system to be installed at UT Austin’s Hydrogen ProtoHub, featuring sixteen photoelectrochemical hydrogen reactors totaling more than 30m² in active a...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.