FuelPositive Corporation (TSX.V: NHHH) (OTCQB:
NHHHF) (“FuelPositive” or the “Company”) is today announcing
the appointment of a new agricultural advisor, Dr. Mario Tenuta as
its Agricultural Greenhouse Gas Mitigation Advisor, and sharing the
news about a new joint research project aimed at reducing nitrous
oxide (N2O) emissions associated with the use of all nitrogen
fertilizers, whether organic or synthetic. The project, which is
being conducted on the farm of Tracy and Curtis Hiebert, near
Sperling, Manitoba, Canada, was initiated during the last week of
October 2022. The Hieberts run an 11,000-acre family crop farm on
which the first demonstration pilot project of FuelPositive’s
onsite, containerized green ammonia (NH3) production system will be
carried out. On November 12, 2022, Dr. Tenuta, the Hieberts, and
Staff Agronomist Mathieu Proulx, met with FuelPositive for a cold
and snowy site visit.
Dr. Mario Tenuta is the Senior Industrial Research Chair in 4R
Nutrient Stewardship, and Professor of Applied Soil Ecology at the
University of Manitoba. The 4Rs are comprised of right fertilizer,
right rate, right time, right place. The 4R Industrial Research
Chair Program is advancing research in 4R nitrogen management
practices on the Canadian Prairies, to identify solutions to
achieving reductions in N2O emissions, as well as improved soil
health and crop productivity. The program is a joint project of the
Natural Sciences and Engineering Research Council of Canada
(NSERC), the Western Grains Research Foundation (WGRF) and
Fertilizer Canada.
“We are committed to doing everything we can to reduce
greenhouse gas emissions associated with agriculture. Our
patent-pending technology eliminates the carbon emissions
previously associated with the production of traditional grey
ammonia. That’s a gigantic step forward. But we aren’t stopping at
that. We are also determined to minimize the nitrous oxide
emissions associated with all nitrogen fertilizers. There is no one
in Canada better qualified than Dr. Tenuta to lead this research
program for us,” said Luna Clifford, Director of Strategic
Partnerships and Alliances of FuelPositive. “We suggested the
project be conducted on the Hieberts farm since it is near the
University of Manitoba. Mario and the Hieberts could not be more in
sync with us regarding their shared desire to fight climate change
while maximizing soil health and crop yields.”
“We are excited to have the opportunity to partner with
FuelPositive and the Hiebert farm in their mission to improve upon
a number of key agricultural nitrogen emission reduction methods by
researching, developing and promoting responsible and thoughtful
farming practices. I'm grateful to the Hieberts and their
agronomist Mathieu Proulx for their time and generous offer of a
quarter-section of their land for this important research. We aim
to showcase how much control, with the right skills and tools,
farmers can have over reducing their greenhouse gas emissions,
improving their fertilizer usage, and optimizing yields. Obtaining
net zero emissions requires forward thinking, along with the right
precision application technologies and best practice techniques.
When you put them altogether, you can make a real difference in
making agricultural production more sustainable,” said Mario
Tenuta.
“We are happy to welcome Mario and his team on our farm, and to
provide the land, equipment and personnel for this positive
research to take place. It’s our first time using NH3 nitrification
inhibitors on the farm, and we look forward to participating and
benefiting from the research project results throughout 2023 and
into the future. This is a great opportunity for us to help the
environment while potentially reducing our costs and optimizing our
yields,” added Mathieu Proulx, Staff Agronomist at the Hiebert
farm.
“It was a pleasure to visit the research project site despite
the snow already upon us! We are fascinated with this project, and
we couldn't be in better hands thanks to Mario and his team,” added
Derek Boudreau, FuelPositive’s Agricultural Implementation
Strategic Advisor.
“One of our main goals as a Company committed to a more
sustainable food industry is to support farmers in drastically
reducing greenhouse gas emissions by using our onsite,
containerized green ammonia production system. Mario's close and
practical relationships with farmers provide an invaluable asset,
assisting us in gaining insight and access. His expertise targeting
agricultural greenhouse gas emission reductions will help us care
for the environment by helping farmers optimize their use of green
ammonia, while mitigating environmental impact,” added Ian
Clifford, CEO and Board Chair of FuelPositive.
Eighty per cent of the ammonia produced today globally is used
as nitrogen fertilizer. There is a worldwide shortage of ammonia
and fertilizer, which is threatening global food security. The
FuelPositive onsite, containerized green ammonia production system
will allow farmers to make their own ammonia on their farms, where
they use it.
About the ProjectThe goal of the research
project is to showcase that by using 4R best practices, used in
combination with a nitrification inhibitor, it is possible for
farmers to reduce nitrate emissions well beyond 30%, and to better
match fertilizer rate to crop needs, while achieving the same or
higher yields.
The treatments were anhydrous ammonia at the current recommended
and slightly lower rate (85% of recommended), in combination with
and without a nitrification inhibitor (also called stabilizer). Dr.
Tenuta’s team has found inclusion of a nitrification inhibitor to
greatly reduce N2O emissions from soil treated with urea and
nitrogen solution fertilizers, but haven’t examined anhydrous
ammonia. In this project they will test if reduced nitrogen losses
to the environment means farmers can also adjust anhydrous ammonia
rates to reduce emissions. Dr. Tenuta’s team will monitor and
measure the nitrogen-related emissions (N2O and ammonia) this fall
and throughout the next year.
This project is FuelPositive's first on-site emissions reduction
research project on the Hiebert farm.
Cost-Offsetting GrantsOver the next four years,
farmers in Manitoba can apply for cost-offsetting grants with the
Manitoba Association of Watersheds or with the Canola Council of
Canada to help cover some of the costs associated with utilizing
inhibitors.
About FuelPositiveFuelPositive is a Canadian
technology company committed to providing commercially viable and
sustainable, “cradle to cradle”, clean technology solutions,
including an on-site, containerized green ammonia (NH3) production
system that eliminates carbon emissions from the production of the
green ammonia. By focusing on technologies that are clean,
sustainable and economically advantageous/realizable, the Company
aims to change the course of climate change through practical
solutions that can be implemented in the short term.
The FuelPositive 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-site, where it’s needed. This eliminates wildly
fluctuating supply chains and offers end-users energy and supply
security while cutting carbon emissions from the production
process. The first customers will be farmers. Farmers use 80% of
the traditional ammonia produced today as fertilizer.
The Company began accepting pre-sale inquiries in August 2022.
See pre-sale details here: https://fuelpositive.com/pre-sales/.
Cautionary Statement Trading in the securities
of the Company should be considered highly speculative. No stock
exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein. Neither
the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accept responsibility 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 expectations, estimates and projections as of the date of
this news release. The information in this release about future
plans and objectives of the Company, including the expected
expenditures of the proceeds of the private placement, are
forward-looking statements.
These forward-looking statements are based on assumptions and
estimates of management of the Company at the time they were made
and involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that,
while considered reasonable by the Company as of the time of such
statements, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. These
estimates and assumptions may prove to be incorrect.
Many of these uncertainties and contingencies can directly or
indirectly affect and could cause, actual results to differ
materially from those expressed or implied in any forward-looking
statements. There can be no assurance that forward-looking
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements.
Forward-looking information is provided for the purpose of
providing information about management’s expectations and plans
relating to the future. The Company disclaims any intention or
obligation to update or revise any forward-looking information or
to explain any material difference between subsequent actual events
and such forward-looking information, except to the extent required
by applicable law.
For Investor enquiries, please contact: Ian
CliffordChief Executive Officer and Board
Chairinfo@fuelpositive.com https://fuelpositive.com
Investor Relations (United States)RBMG – RB Milestone Group
LLCTrevor Brucato, Managing
Directorfuelpositive@rbmilestone.comwww.rbmilestone.com
For Media enquiries, please contact:Oliveah
NumanSussex Strategy
Group519-770-2991onuman@sussex-strategy.com
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