Mantra Venture Group (MVTG.OB) – Will the Goals of the Kyoto Protocol Finally Be Met?
BY ADMIN | AUGUST 20, 2009
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In December 1997, political leaders gathered in Kyoto, Japan, to consider a world treaty restricting human production of “greenhouse gases” such as carbon dioxide. Political leaders and scientists feared that excessive CO2 production would create a global warming effect with disastrous environmental consequences. During the past 10 years, many political efforts have been made to force worldwide compliance to the Kyoto Protocol. Unfortunately, the Kyoto Protocol has not been effective. In fact, global emissions are 40 percent above those in 1990, the base measurements year for the treaty.
Human activity over the last two centuries has pumped an estimated 1,000 billion tonnes of CO2 into the atmosphere. This is the “greenhouse” gas that is implicated in global warming.
Based in British Columbia, Canada, Mantra Venture Group (MVTG.OB) is focused on the development of technologies which reduce the harmful effects to the environment from man-made CO2, exhaust gas generated from burning fossil fuels and other harmful processes and pollutants. In 2007, Mantra acquired an electrochemical technology which uses CO2 from emissions as feedstock. The technology reduces the amount of CO2 which is emitted into the atmosphere while producing valuable chemicals such as Formic Acid, Methanol and Oxalic Acid. CO2 accounts for over 80% of the “greenhouse gases” which are responsible for the greenhouse effect. The company’s current prototype is capable of processing1 kg of CO2 per day. The process is powered by renewable energies such as hydro, solar, tidal and wind which produces a negative carbon balance. The company’s first demonstration scale reactor is scheduled for completion by Q2 2010, and will be designed to process 1 ton of CO2 per day.
The international market for carbon dioxide management is valued in the billions. However and since the market has not been developed due to the lack of any viable, long term solution, the market size is difficult to measure. Some experts believe that the market could be valued in the hundreds of billions. In other words, the market is completely open to a viable, economic solution.
In addition to holding the keys to a technology which could be the answer to a large percentage of the world’s environmental challenges, Mantra can also develop a large commercial market for Sodium Formate and Formic Acid. The principal use of Formic Acid is as a preservative and antibacterial agent used in livestock feed. Formic Acid and Sodium Formate also have applications in the leather, rubber, food, textile, printing and pharmaceutical industries. In addition, Mantra has identified additional opportunities for Formic Acid in the steel and fuel cell industries. Mantra believes that it can ultimately produce Formic Acid at $700 per ton (largest cost component is electricity). Average Formic Acid Prices in 2009 were $1200/ton with an estimated market size of $750,000,000.
Mantra also holds an exclusive option to acquire the license for a technology which can treat mine wastewater and heap leaching ponds . Mine wastewater is a global problem with severe environmental implications. There are currently hundreds of mines throughout the world that require treatment with each costing an average of $10 million for cleanup efforts.
As the Mantra business model performs, the Management Team will remain focused on acquiring clean technologies which can clean up the environment while providing renewable energy solutions. A technology which can safely and efficiently reduce the harmful CO2 emissions could potentially be the greatest invention to reduce environmental damage the world has ever known. That is just one of the reasons that Mantra stock is beginning to move. With a market capitalization of less than $9,000,000 and a potential market in the billions, Mantra Venture Group may be one those stocks that comes around once every few years.
Notice:
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