Are they purchasing Ammonia from this facility you commented about?
#2 AmmPower Corp. (CSE:AMMP; OTC:AMMPF).
AmmPower is a relatively unknown company that is hoping to rise to fame for pioneering the missing link in the hydrogen game: ammonia.
It’s got up to 9x the energy capacity of lithium-ion batteries and is 1.8X more energy-dense than liquid hydrogen.
With green ammonia, AmmPower plans to develop technology that could disrupt the industrial world and help solve our hydrogen transportation problems at the same time.
It boasts a former NASA engineer at its helm, and its scientific team has an experienced track record. AmmPower aims to develop a novel, patentable technology to produce green ammonia. Moreover, AmmPowers green technology it’s planning to develop will be econimcally competitive, 100% sustainable and scaleable.
AmmPower (CSE:AMMP; OTC:AMMPF) looks to be a first-mover in one of the fastest-paced spaces in energy. They’re aiming to revolutionize the ammonia production process and produce carbon-free ammonia.
It’s planning to build modular, scalable, stackable green ammonia-producing units that could be flexible enough to fit a wide array of customers from individual organizations, farmers, marine vessels, large marine ports, and distribution hubs.
And … it’s actively searching for a manufacturing facility in Michigan to develop optimal catalytic reactions that produce green ammonia.
In Phase I, AmmPower (CSE:AMMP; OTC:AMMPF) intends to develop 3 sizes of units to produce between 1 – 2 tons of ammonia per day.
The technology AmmPower aims to develop could allow hydrogen cracking to be done closer to the end-user, reducing point-to-point logistics costs significantly. Green ammonia is gaining ground, both for combustion as a marine fuel and as a fuel for machinery at the port systems. Ammonia can be used in ships, machinery, even railroad and airplanes.
Over 120 global ports already accept ammonia currently … and billions are being spent on new projects.
Hydrogen/ammonia tankers aren’t even futuristic. They’re already getting setto sail. This is no longer one of those energy developments that just might happen. It’s already happening.
The World Bank has already recommended avoiding LNG bunkering in favor of hydrogen and ammonia.
Argus reports that global ammonia production stands at 180mn t/yr right now, but its potential use as an energy source and energy carrier could see demand rise to a multi-billion-tonne market for use in a wide range of applications.
Indeed, according to some reports the global ammonia industry is expected to top at least $70 billion by the year 2027, or even $80 billion.
There’s a huge market looming for this, and, if it successfully develops its technology, AmmPower (CSE:AMMP; OTC:AMMPF) may pursue three massive market targets: the fertilizer Industry, the fuel Industry, and the transport sector. We expect they would start with the low-hanging fruit--selling to the fertilizer industry. Then it could target the fuel and hydrogen transport industries as those markets mature.
This all helps increase the change of success in this exciting company with a current market cap of around $70M. And timing is everything in this space …
AmmPower hopes to have its modular units in prototype form by Q4 2020, and begin selling in 2022.
And in less than 18 months, the company aims to deliver its first production units and ramp production to facility capacity. Indeed, AmmPower (CSE:AMMP; OTC:AMMPF) could target customers not only in the fertilizer space, but also in the very large shipping and maritime arenas.
For now, it’s still operating on the quiet, but with the hydrogen space beginning to heat up, we think it’s bound to start pinging Wall Street's radar very soon.
