Emerging Markets Report: The Breakthrough Deal
Rhea-AI Summary
FuelPositive Corporation (OTC: NHHHF) has made significant strides in developing carbon-free ammonia technology, marking a potential breakthrough in the clean energy sector. The company announced the partnership with National Compressed Air Canada Ltd. (NCA) for the manufacturing of its Phase 2 Ammonia Synthesizer prototype. This collaboration is seen as a critical milestone toward commercial viability, as the ammonia market represents over $70 billion annually.
Positive
- Partnership with National Compressed Air Canada Ltd. (NCA) for manufacturing Phase 2 Ammonia Synthesizer prototype.
- Potential to disrupt the $70 billion ammonia market with carbon-free technology.
Negative
- None.
News Market Reaction – NHHHF
On the day this news was published, NHHHF declined 4.17%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
An Emerging Markets Sponsored Commentary
ORLANDO, Fla., June 10, 2021 (GLOBE NEWSWIRE) -- Recent news from newly covered company FuelPositive Corporation (TSX.V: NHHH) (OTC: NHHHF) could be a significant breakthrough.
When we say significant we are referring to the potential production of a fossil fuel replacing carbon-free fuel technology that is both highly efficient and good for the environment.
For the record, FuelPositive is a Canadian-based growth stage company committed to providing commercially viable and sustainable clean energy solutions, including Carbon-Free Ammonia (NH3), for use across a broad spectrum of industries and applications. The existing ammonia market is massive, representing more than US
If you’re unaware of the significance of ammonia as a replacement fuel for the two billion internal combustion engines on the road today take a look at either of these two articles:
Forbes: A Key To The ‘Hydrogen Economy’ Is Carbon-Free Ammonia
Chemical & Engineering News: Is ammonia the fuel of the future?
A short time ago FuelPositive announced the selection of National Compressed Air Canada Ltd. (NCA) to undertake the manufacturing of the Company’s Phase 2 Ammonia Synthesizer commercial prototype systems for Carbon-Free Ammonia (NH3) production.
This is an enormous step toward commercial sale and monetization.
“This critical milestone for FuelPositive will confirm the broad application potential for our technology and is the backbone of our Carbon-Free NH3 offering,” said Ian Clifford, CEO of FuelPositive. “Partnering with the knowledgeable and experienced team at NCA on this commercialization project will bring our development-stage program to life.”
We agree. To a large extent, bringing NCA on board validates the Company’s technology with this experienced player taking on the manufacturing process. But more than anything it brings ever closer real monetization from the sale of the product.
It is for that reason that this announcement in early 2021 may someday be simply known as the Company’s breakthrough deal.
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