- Since the 19th century, average global temperatures have increased by over 2 degrees Fahrenheit
- Since 1971, climate change has slowed down the growth in agricultural productivity by about a fifth as a result of human activity
- It is estimated that the transportation, energy and food sectors alone can directly eliminate over 90% of net greenhouse gas (“GHG”) emissions worldwide in just 15 years
- FuelPositive, through its modular and scalable carbon-free ammonia system, is offering a solution that cuts across these three sectors, ultimately reducing GHG emissions
- With its technology, the company is defining the ongoing disruption within these sectors and laying down the foundation of what the future could look like
A recent study from Cornell University revealed that since 1971, climate change, as a result of human activity, has slowed down the growth in agricultural productivity by about a fifth (https://ibn.fm/YuCV3). This study further noted that the sensitivity of agricultural productivity increases as temperatures rise, meaning that each additional fraction of a degree is more detrimental to food production than the last.
The planet today is experiencing overall temperatures that are higher than ever and continues to warm as time progresses. Since the 19th century, average temperatures have increased by over 2 degrees Fahrenheit, with the trend persisting and perhaps accelerating (https://ibn.fm/HwV3a).
Agriculture is not the only affected sector. The energy sector has also fallen victim to climate change. As of 2019 in the United States, most of the country’s electricity was generated by natural gas, followed by coal and nuclear energy. Renewable sources such as hydropower, wind, geothermal, biomass, and solar power generate only 17% of the country’s electricity (https://ibn.fm/B0WEZ). With the mounting pressure to ditch coal, coupled with climate change and its impact on hydropower, the government is being forced to look for more sustainable alternative energy production and storage solutions.
FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF) is a company that is committed to clean energy solutions. It understands the impact of global warming and climate change. It is, as such, at the forefront of offering a sustainable solution that cuts across the energy, transportation and food sectors.
Through its carbon-free ammonia, available for use in a variety of applications, FuelPositive is confident that it can help to significantly reduce CO2 emissions and offer long-term storage of excess electricity for energy grids.
Combined, the application to the transportation, energy and food sectors alone could directly eliminate over 90% of net greenhouse gas (“GHG”) emissions worldwide in just 15 years. Market experts have even pointed out that market forces can be tapped to push the bulk of global GHG emissions mitigation, mainly since the technologies required are either already commercially available and competitive today or can be deployed to the market by 2025 (https://ibn.fm/ILy0e).
FuelPositive’s carbon-free ammonia is a solution that make a significant difference in the near future — as early as 2022. It is a solid and sustainable solution that can help mitigate the global GHG emissions, and it cuts across these three key sectors. For agriculture, the company’s carbon-free ammonia can eliminate fertilizer-related carbon emissions, reducing the overall carbon footprint and the accompanying GHG emissions in this sector (https://ibn.fm/pu2Pn).
As for transportation, FuelPositive’s solution can provide an affordable, convenient and sustainable supply of hydrogen for fuel cells. Alternatively, research has proven that carbon-free ammonia can be used on its own as a fuel. Planes, trains, trucks, ships, and even small vehicles can be easily converted to run on ammonia, just as easily as they can be converted from gasoline and diesel to run on propane (https://ibn.fm/Z88Sk).
As for energy generation, FuelPositive’s carbon-free ammonia is the perfect catalyst that will enable the shift to a hydrogen economy. As well, it offers easy long-term storage of excess electricity for energy grids while also making it easy to provide electricity to northern or remote communities (https://ibn.fm/Hzn4t). This is mainly attributed to several key factors associated with ammonia.
For one, FuelPositive’s carbon-free ammonia requires 30% less energy than conventional ammonia production, with zero carbon emissions. Secondly, it stores 65% more hydrogen than highly compressed hydrogen while keeping costs low from start to finish (https://ibn.fm/d3Opd). The carbon-free ammonia is also easy to produce and store on site, making it a suitable energy source for individuals and communities living in remote areas.
With the ongoing climate change problem, there is a growing need to remedy the situation. The three sectors — energy, transportation and the food sectors — have been marked as key contributors to this change and key areas that need to be addressed if the issue is to be fixed. FuelPositive understands this urgency, hence its focus on these sectors and offering a solid solution with its carbon-free ammonia.
Through its modular and scalable technology, the company is defining the ongoing disruption within these sectors and laying down the foundation of what the future will look like. Its technology and solutions have been tried and tested, and with it, net greenhouse gas emissions will reduce in the coming years.
For more information, visit the company’s website at www.FuelPositive.com.
NOTE TO INVESTORS: The latest news and updates relating to NHHHF are available in the company’s newsroom at https://ibn.fm/NHHHF
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