- Ukraine has been regarded as the breadbasket for much of the world, growing enough food to feed over 400 million people
- With the ongoing Russia-Ukraine war, global food security has come under threat, brought about by interrupted supply chains, the overall cost of shipping, and rising oil prices
- FuelPositive seeks to remedy the situation through its decentralized model of ammonia production
- Through its technology, it looks to tap into a market that is projected to reach $81.42 billion by 2025
On February 24, 2022, Russia invaded Ukraine, initiating a humanitarian crisis with a ripple effect on a global scale, including but not limited to food security, the overall cost of shipping, and oil prices (https://ibn.fm/EWxUf).
For the longest time, Ukraine has been referred to as the world’s breadbasket, growing enough food to feed 400 million people. Five of the country’s ten biggest exports are food, from cereals to oilseeds, animal/vegetable fats, oils, and waxes. For a country of 41.59 million people, its primary foreign exchange earner is agriculture, but that is changing with the ongoing war (https://ibn.fm/7uMPw).
Russia’s war in Ukraine is also causing a global fertilizer shortage which is further contributing to food insecurity. Russia is a major exporter of fertilizer. Disruptions caused by the war and sanctions have caused fertilizer prices to skyrocket, making fertilizer unaffordable to farmers around the world (https://ibn.fm/v8Scs).
FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF), an enterprise committed to clean energy solutions such as a containerized green ammonia production system, recognizes the challenges that farmers face and the opportunity that exists in a decentralized model of ammonia production.
Over 80% of the world’s ammonia is being used in the agricultural setting as fertilizer. With the use of FuelPositive’s containerized technology that produces green ammonia on site, farmers can do away with mainstream supply chains and the challenges that come with that by producing their own fertilizer on their farms. In addition, they can also contribute toward a greener planet with dramatically reduced carbon emissions.
FuelPositive’s containerized green ammonia production system relies on renewable electricity to synthesize hydrogen from water and nitrogen from the air, combining the molecules in a proprietary converter to form anhydrous (pure) ammonia and its derivatives. With its infrastructure, the company allows farmers to economically produce the amount of ammonia needed for their farm on site. Ultimately, this allows them to avoid supply chain dependence and fluctuations, evidenced by Russia’s ongoing war of aggression in Ukraine and other geopolitical and environmental situations around the world.
Earlier in May 2022, FuelPositive announced signing a letter of intent with its first green ammonia demonstration project partners, Tracy and Curtis Hiebert, farmers in Manitoba, Canada. The project will showcase what FuelPositive’s infrastructure is capable of and highlight a more viable and sustainable alternative to mainstream ammonia in today’s market (https://ibn.fm/YERKW).
With Russia accounting for 23% of global ammonia exports and 48% of the world supply of ammonium nitrate, the rest of the world is exploring new ways to address the current shortages and price hikes. FuelPositive is at the forefront of offering a more sustainable solution and one that could benefit all farmers, including those who operate on a relatively smaller scale.
Recent developments have exposed just how vulnerable global supply chains are, especially regarding food security. This is forcing key industry players to rethink overall food production and new methods of manufacturing essential fertilizers. FuelPositive has already come up with a viable solution for on-site ammonia production, with the added benefit of having a greener, cleaner and healthier planet.
With the global ammonia market projected to reach $81.42 billion by 2025, up from $52.71 billion in 2017, FuelPositive is positioning itself to capitalize on this growth with its green ammonia technology offering. In addition, the company offers a unique value proposition, particularly in light of the ongoing political and humanitarian crisis caused by Russia’s war in Ukraine (https://ibn.fm/XAVSF).
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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