- FuelPositive Corporation secures a $1.9 million grant from the Agriculture Clean Technology (ACT) Program of Agriculture and Agri-Food Canada (AAFC).
- The funding will support the commercialization of FuelPositive’s FP300 Green Ammonia system.
- The Green Ammonia Demonstration Phase aims to build and test three different systems, each an advancement over the previous.
- The project aims to replace carbon-intensive grey ammonia with a more sustainable alternative.
- The initiative aligns with the federal government’s goals of reducing greenhouse gas emissions and promoting global food security.
FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) has announced that it will receive a funding grant of up to $1.9 million from the Agriculture Clean Technology (ACT) Program, administered by Agriculture and Agri-Food Canada (AAFC). The funding aims to accelerate the commercialization of FuelPositive’s FP300 Green Ammonia system, designed to provide a sustainable alternative to traditional grey ammonia.
The Green Ammonia Project
The grant will support FuelPositive’s “Green NH3 Demonstration Phase Project,” which involves building and testing three Green Ammonia demonstration systems. Each system represents improved intellectual property and technological advancement over the previous one. The project aims to adapt the technology to meet the commercial needs of farmers, thereby bringing the company closer to achieving its objectives of efficient and sustainable large-scale production.
The Importance of Ammonia
Ammonia is crucial for global food security, with approximately 80% of the world’s ammonia production going towards fertilizer needs. However, the current ammonia industry is highly carbon-intensive, contributing to environmental pollution. FuelPositive’s Green Ammonia system aims to eliminate the need for fossil fuels in ammonia production, thereby reducing harmful greenhouse gas emissions.
The Honourable Lawrence MacAulay, Minister of Agriculture and Agri-Food, and the Honourable Bardish Chagger, Member of Parliament for Waterloo, have expressed their support for the project. Ian Clifford, CEO and Chair of FuelPositive, stated that the funding is a significant contribution by the Government of Canada and aligns with both the federal government’s and FuelPositive’s goals of reducing greenhouse gas emissions and promoting global food security.
Jeanne Milne, FuelPositive’s Senior Government Relations Advisor, mentioned that the funding would accelerate the FP300 system’s market entry. The technology is designed to adapt to meet farmers’ needs, and the Government of Canada’s support is a testament to the shared commitment to make agriculture cleaner and Canada healthier.
Image provided by Fuel Positive