- The UN has announced that the world is facing a global emergency, with up to 354 million people facing famine
- FuelPositive’s Green Ammonia Production System brings zero-carbon options to farms worldwide, offering an alternative means of supporting crops and farm equipment with lower energy costs and emissions
- The green ammonia market is expected to reach $5.48 billion by 2030 – driven by the need to adapt to lower emissions and the necessity to make agriculture more affordable
An announcement from the UN in mid-September issued the warning that the world is facing a global emergency of unprecedented magnitude – up to 345 million people are facing starvation, and 70 million are closer to starvation as a result of Russia’s war in Ukraine. Executive director of the UN’s World Food Program, David Beasley, told the Security Council that the number of people facing food insecurity in the 82 counties where the agency operates is two-and-a-half times the number of acutely food insecure people before the COVID-19 pandemic (https://ibn.fm/Vg5eU).
Beasley further expressed concern that 50 million people in 45 countries are suffering from acute malnutrition and are “knocking on famine’s door.” Russia’s blockade of Ukrainian ports to bring Russian fertilizer back to global markets has exacerbated issues – driving up the cost of food and fuel worldwide.
FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF), a company focused on licensing, partnership, and acquisition opportunities related to energy-efficient technologies and sustainability, is committed to providing commercially viable and sustainable clean energy solutions, including green ammonia, for use across a vast number of industries and applications. The opportunities for green ammonia are significant, with 80 percent of the world’s ammonia being used in the agricultural sector. FuelPositive’s on-farm alternative has the potential to significantly reduce the carbon dioxide emissions impacting the world due to the use of fertilizer in agricultural settings.
The company’s green ammonia production system is a solution that decarbonizes and decentralizes the production of ammonia, providing farmers with the amount needed, when it is needed, and at stable pricing. FuelPositive’s system allows farmers to house green ammonia production on-site, the means to fertilize their crops, and power their internal combustion engines, generators, and other farm equipment more cost-effectively.
Traditional fertilizer methods (manure) present environmental impacts like runoff of nitrogen-rich materials into waterways and water tables and cause significant detriment to air and water quality. Using deep injection of green ammonia cuts the emissions associated with manure. Still, the company acknowledges that more work is necessary to continue reducing the greenhouse gasses associated with ammonia and all nitrogen fertilizers. FuelPositive is committed to supporting best farming practices for emission reduction, which is crucial to its ability to fulfill a cradle-to-cradle commitment.
Having already tackled the problem of carbon emissions in its product, the company is working with agricultural sector advisors to identify how to use its fertilizer in a way that results in the lowest amount of pollution possible. Pilot projects are in the planning stage with multiple scientists, working with leading Canadian universities. For more information, read the IPCC (Intergovernmental Panel on Climate Change) Report at https://ibn.fm/Xyx2x.
Although the green ammonia market is still in the planning stages, it was valued at $36 million in 2021. The market is anticipated to grow at a CAGR of 74.78% from 2022 to 2030, resulting in a value of $5.48 billion. The driving factors of the industry’s growth can be attributed to the shift to zero-carbon emissions and the strict pollution rules with zero emission emphasis. By 2032, the green ammonia share of the overall market is anticipated to reach 3-4 percent, with a preference for green ammonia over traditional fertilizer methods (https://ibn.fm/BW7m2).
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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