LOS ANGELES, Sept. 01, 2021 (GLOBE NEWSWIRE) -- via InvestorWire -- FuelPositive Corp. (TSX.V: NHHH) (OTCQB: NHHHF), a growth stage company focused on licensing, partnership and acquisition opportunities building upon various technological achievements, today announces that it has been featured in a broadcast via NetworkNewsAudio (NNA), a solution that delivers additional visibility, recognition and brand awareness in the investment community via distribution to thousands of syndication points. The audio press release covers FuelPositive’s recent announcement that it commissioned emissions reduction and carbon credit specialist Andre Mech to conduct an analysis of Canada’s green off-peak electricity capacity and to determine the fuel needs and the carbon emissions of the Canadian transportation sector.
To hear the audio production, visit: https://nnw.fm/gYASe
To read the original press release, visit: https://nnw.fm/Yvz2e
“Switching from fossil fuels to carbon-free ammonia offers a viable, economical transition strategy for Canada’s transportation sector as we adopt new practices to address climate change,” commented Ian Clifford, CEO of FuelPositive. “Many people don’t know it, but planes, trains, ships, trucks and other vehicles can be converted to run on ammonia – just as easily as they can be converted from gasoline and diesel to run on propane. The transportation sector just didn’t see a benefit to switching to ammonia until now, because the production of traditional ammonia results in massive carbon emissions. But, when you use our carbon-free NH3 made from green electricity rather than traditional ammonia, it means we can move people around and transport goods with no pollution.”
The findings of Mech’s analysis were startling. Canada has enough off-peak green electricity today to provide non-polluting, carbon-free NH3 fuel to power 63% of all the passenger cars, light trucks, passenger aviation, buses, light rail, motorcycles, freight trucking, freight aviation, rail, marine and other sector vehicles in the country. But even more exciting, Canada has enough off-peak green electricity to provide carbon-free NH3 to power 100% of the needs of passenger and freight aviation and rail, passenger bus, freight trucking, freight rail and freight marine shipping in Canada – all regulated industries that are notoriously high greenhouse gas emitters with significant government mandates to decarbonize.
“The analysis outlines the opportunities and needs at the provincial and territorial levels,” said study author Andre Mech. Three provinces – Manitoba, Quebec and Newfoundland & Labrador – already generate enough renewable electricity to cover their passenger aviation, passenger rail and freight transportation fuel requirements using FuelPositive’s carbon-free NH3 system. In a national strategy, they would be green ammonia suppliers. The remaining provinces and territories would be green ammonia consumers. According to Mech: “The good news is that there are suppliers and consumers. That tells us that there is a market for green ammonia within Canada itself.”
About FuelPositive Corp.
FuelPositive Corp. is a Canadian growth-stage technology company committed to providing commercially viable and sustainable, “cradle to cradle”, clean energy solutions, including carbon-free ammonia (NH3), for use across a broad spectrum of industries and applications. By focusing on technologies that are clean, economically advantageous/realizable and that leverage existing infrastructure, the company aims to change the course of climate change through practical solutions that can be implemented now. For more information, visit the company’s website at www.FuelPositive.com
About NetworkNewsAudio
NetworkNewsAudio (“NNA”), one of 50+ brands within the InvestorBrandNetwork (“IBN”), allows you to sit back and listen to market updates, CEO interviews and AudioPressRelease (“APR”) productions. These audio clips provide snapshots of position, opportunity and momentum. NNA can assist by cutting through the overload of information in today's market, while bringing its clients unparalleled visibility, recognition and brand awareness. IBN is where news, content and information converge. IBN is a comprehensive provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, IBN has the unparalleled ability to reach a wide audience of investors, consumers, journalists and the general public with an ever-growing distribution network of 5,000+ key syndication outlets across the nation.
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Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
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