FuelPositive presents green ammonia technology at Canada’s UK Energy Summit in London British Canadian Business Journal

TORONTO, Oct. 20, 2022 (GLOBE NEWSWIRE) — FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) (“FuelPositive” or the “Company”) attends the 13th Annual Conference and Addresses Delegations I will be happy to report what I have done.^th The annual Canada-UK Energy Summit was held yesterday at Canada House in London, UK. Focused on industrial decarbonisation, the aim of the annual summit is to increase export opportunities for Canadian companies to the UK market and strengthen commercial cooperation between the two countries. It was attended by 100 pre-qualified Canadian and UK business representatives, as well as his 25 Canadian and UK government representatives responsible for advancing policy and funding frameworks. FuelPositive was one of five Canadian tech startups invited to speak to the entire group at the Innovators session.

“We are delighted that our technology and company have been recognized by government leaders as a valuable tool in the fight against climate change. A perfect example of a pragmatic, decentralized and economical approach to decarbonisation, it replaces the traditional centralized gray scale fuel driven by fossil fuels and well known as a major pollutant worldwide. Disrupting the ammonia industry Our system uses air, water and sustainable power to produce carbon-free, green ammonia Our decentralized, on-site model allows end-users to You can produce the ammonia you need for fertilizer and fuel on your own land, which means you’ve eliminated carbon emissions from the ammonia production process, requiring large storage facilities and This means that we have eliminated the need to transport contaminated ammonia over long distances to end users.”

FuelPositive’s first demonstration system is expected to be fully validated and ready for use on farms in November 2022. He was then moved to an 11,000-acre farm in Manitoba and as a pilot project he will run for a year in all kinds of weather. We have started accepting pre-sale inquiries. The onsite model provides end users with stability and control over supply, timing and pricing.

Gray ammonia and pollution

Over 200 million tonnes of traditional or gray ammonia are produced and consumed annually worldwide. In fact, gray ammonia currently ranks as the world’s second most produced chemical, with its production accounting for his 2% of global fossil fuel use. 80% of gray ammonia is used as nitrogen fertilizer for growing food. We rely on ammonia as a fertilizer for our food security, but the traditional method of producing ammonia in large centralized refineries is one of the most emitting manufacturing processes in the world. Overall, the conventional ammonia industry produces over 420 million tons of carbon dioxide annually. Almost 3 tons of greenhouse gases are emitted for every tonne of conventional or gray ammonia produced worldwide.

Supply Shortages and Soaring Prices

The traditional centralized model of ammonia production also poses significant problems in the form of supply shortages and high prices. A relatively small number of refineries supply all the ammonia used on earth. Ammonia has to be transported over very long distances from the point of production to the point of use. This supply he chain has been unreliable for several years due to hurricanes, fossil fuel shortages, the COVID-19 pandemic and now Russia’s tragic war in Ukraine. For example, farmers cannot know exactly when their deliveries will arrive, how much they will receive, and how much they will have to pay. Gray ammonia has risen in price to the point where it is out of reach for many. And given the amount of food, fertilizer and fuel that Ukraine and Russia supply each year, the war in Ukraine continues to make matters worse.

About FuelPositive

FuelPositive is a commercially viable and sustainable ‘cradle-to-cradle’ clean technology solution that includes an on-site containerized green ammonia (NH3) production system that eliminates carbon emissions from green ammonia production. is a Canadian technology company committed to providing By focusing on clean, sustainable and economically advantageous/feasible technologies, we aim to change the course of climate change through practical solutions that can be implemented in the short term.

FuelPositive on-site containerized green ammonia production system offers pure ammonia for multiple applications including agricultural fertilizer, grain drying fuel, internal combustion engine fuel, a viable alternative to fuel cells, and grid storage solutions. Produces anhydrous ammonia. Green ammonia is also considered a key enabler of the hydrogen economy. The system consists of a nitrogen generator that produces nitrogen from air, a water electrolyser that produces hydrogen from water, and a patent-pending synthetic converter that produces green ammonia from hydrogen and nitrogen.

The FuelPositive system is designed to produce green ammonia on-site as needed. This eliminates volatile supply chains and provides end users with energy and supply security and price stability, while reducing the carbon footprint of the production process. Our first customers are farmers. The farmer uses his 80% of the traditional ammonia currently produced as fertilizer.

Notes

Trading in our securities should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein. Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) that are based on our expectations, estimates and projections as of the date of this news release. is included. Information in this release regarding the Company’s future plans and objectives, including the anticipated expenditure of proceeds from private placements, is forward-looking statements.

These forward-looking statements are based on our management’s assumptions and estimates at the time they were made and are subject to known and unknown risks, uncertainties and implications of our actual results, performance or performance. Accompanied by other factors that may cause results to vary widely. from future results, performance or achievements expressed or implied by such forward-looking statements; Forward-looking statements are necessarily based on a number of estimates and assumptions, which we believe to be reasonable at the time of making such statements, but which are inherently Subject to uncertainty and unforeseen circumstances. These estimates and assumptions may prove incorrect.

Many of these uncertainties and unforeseen circumstances may directly or indirectly affect our actual results and could differ materially from those expressed or implied by the forward-looking statements. There is a nature. There can be no assurance that any forward-looking information will prove to be accurate, as actual results or future events could differ materially from those anticipated in such statements.

Forward-looking information is provided for the purpose of providing information regarding management’s expectations and plans for the future. We disclaim any intention or obligation to update or revise any forward-looking information, except to the extent required by applicable law, or to describe any material differences between subsequent actual events and such forward-looking information. Disclaim intent or obligation.

For investor inquiries, please contact:

Ian Clifford
Chief Executive Officer and Chairman
[email protected]
www.fuelpositive.com

Information for investors (US)
RBMG – RB Milestone Group LLC
Trevor Burkato, Managing Director
[email protected]
www.rbmilestone.com

Media Inquiries:
Oliver Newman
Sussex Strategy Group
519-770-2991
[email protected]

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