AmmPower Corp., Toronto, on Sept. 8 announced that it has entered into negotiations with a potential purchaser of its first IAMM™ (Independent Ammonia Making Machine) unit. It said subject to entering into a definitive agreement, it could be delivering its first unit within the US late in first-quarter 2023.
The company said this is a pivotal point for it to achieve commercialization and revenue generation, and the IAMM™ unit would be one of the first revenue generating initiatives globally in the green ammonia space.
Since the launch of IAMM™ pre-sales in July 2022, AmmPower said it has received many inquiries about the units, and has sent out budgetary quotes for both single-unit orders and multi-unit orders all over the world.
AmmPower expects to begin production of its IAMM™ units in October at its plant in Novi, Mich. The small units only require water and electricity to operate and produce 4 mt/d of green ammonia. Their target markets are independent distributors and retailers of ammonia used as fertilizer. AmmPower earlier suggested a price range of $3-$3.5 million.