Hydrofuel and
Ontario Tech University sign letter of intent to commercialize ammonia
energy technologies
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By PRESS RELEASE
Hydrofuel is committed to raising all the funds needed to
commercialize several ammonia technologies working with Ontario Tech
University. Hydrofuel is committed to raising all the funds needed to
commercialize several ammonia technologies working with Ontario Tech
University.
MISSISSAUGA, ONTARIO, CANADA, March 31, 2021 — Hydrofuel Canada Inc.
(“Hydrofuel”) and Ontario Tech University have signed a letter of
intent. This letter outlines an exclusive option to sponsor research
projects and negotiate commercial rights to a specialized portfolio of
ammonia-related technologies at Ontario Tech University. Hydrofuel has
raised $500,000 in capital investments to support this initiative.
In addition to the $500,000 investment to support this initiative,
Hydrofuel announced today [March 31, 2021] that it has closed a
non-brokered private placement Offering for $1.3 Million.
Hydrofuel CEO, Greg Vezina noted, “Under the terms of the January
27, 2021 letter of intent outlining an exclusive option to sponsor
ammonia related research projects at Ontario Tech University,
Hydrofuel’s investment of a minimum $500,000 (with or without matching
government funding) will be used to begin negotiations with Ontario
Tech University regarding the terms of an exclusive commercial license
agreement.”
Hydrofuel is committed to raising all the funds needed to
commercialize several ammonia technologies along with any additional
technologies developed as a result of working with Ontario Tech
University.
Under this collaboration, the NH3 technologies that will be developed
within one year will include and are not limited to the following:
• Ammonia Power and Heat Engine
• Ammonia as Sustainable Fuel and Hydrogen production
• Ammonia Fuel Cells
• Diesel and gasoline engine conversion systems
• Solar Ammonia Synthesis
Based on the continued success of our collaboration with Ontario Tech
University further areas of collaboration may include:
• Electrochemical ammonia synthesis
• Hydrocarbon ammonia synthesis without emitting the carbon or CO2
• Waste Heat Engine and Waste Waters to Ammonia
• Plastics to ammonia
• Direct sequester of CO2 into elemental carbon
Hydrofuel has previously invested $50,000 with matching Mitacs funding
for six research projects with Ontario Tech University covering many
aspects of the production and use of ammonia fuel and energy.
Currently, a three-part “Sectoral use of ammonia as a clean solution”
project is well underway, including the development and experimental
testing of an ammonia-fueled power generator, the investigation of the
ammonia economy starting from production to last-use in various
sectors, and finally, a review of the ammonia economy with a
cradle-to-grave pollution and emissions approach.
Professor Dincer and Hydrofuel’s previous NH3 energy research findings
“New evidence on greener energy solutions” indicate green ammonia is a
promising alternative to fossil fuels with an extensive range of
applications:
• NH3 helps reduce life-cycle costs and emissions in numerous
transportation applications by more than 50 per cent.
• As a carbon-free fuel, fertilizer, refrigerant, working fluid and
hydrogen storage media, NH3 is a uniquely broad green solution to
global energy and environmental challenges.
• NH3 is the most environmentally benign transportation fuel compared
with gasoline, gaseous or liquid hydrogen, liquefied petroleum gas,
diesel, compressed natural gas, electric (where electricity is created
from fossil-fuel driven plants*) and hybrid electric vehicles.
*Electricity production in a diesel co-generation plant emits more
than twice the amount of greenhouse gas when compared to an equal
energy quantity of NH3.
Other Collaborations:
Hydrofuel has announced a three-year commercial demonstration project
with Toronto based TFX International Auto Transport to convert diesel
generators and transport trucks to run on multi-fuels including
ammonia.
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About Hydrofuel Inc.:
Hydrofuel Canada Inc. and its predecessor C.A.E.C.- Canadian
Alternative Energy Corp. of Mississauga, Ontario have over 40 years of
experience in Ammonia energy and fuel systems technologies. Hydrofuel®™
are registered Trade-Marks in Canada, the USA and EU.
https://NH3fuel.com
https://Hydrofuel.com
For further information, contact:
Greg Vezina
Hydrofuel Canada Inc.
+1 905-501-0010
gvezina@nh3fuel.com
Visit us on social media:
Facebook
Twitter
LinkedIn
Dr. Ibrahim Dincer and Greg Vezina on Carbon-Free Fuels (Ammonia) –
The Brian Crombie Hour – on Sauga 960AM, Hours 1 & 2
Green Play Ammonia™, Yielder® NFuel Energy.
Spokane, Washington. 99212
www.exactrix.com
509 995 1879 cell, Pacific.
exactrix@exactrix.com
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