Clean technology developer FuelPositive, Waterloo, Ont., recently reported that it has successfully met its planned pre-sales capacity of 30 units for its FP300 on-farm containerized green ammonia plants that produce 300 kg per day, or over 100 mt/y of anhydrous ammonia. As a result, it plans to deliver the first batch of commercial systems beginning in 2024.
“FuelPositive has already begun working with suppliers to ensure they are ready to scale up for the first production batch,” said Nelson Leite, FuelPositive COO and Director. “This is expected to be the beginning of many announcements leading to revenue and profit generation within the first year of commercial production.”
FuelPositive is officially launching its latest model, the FP1500. This new upsized design is a turnkey system that consists of a stack of FP300s in one solution, providing 1500 kg per day of green ammonia.
“Multiple end-users in various sectors, including farms of 10,000+ acres, have indicated the immediate need of FuelPositive systems of this scale and configuration. The FP1500 will answer this larger scale, on-site need,” said FuelPositive CEO and Board Chair Ian Clifford.
In other news, on May 30 the company announced an upcoming non-brokered private placement to raise up to $7.5 million. The company said the net proceeds would only be utilized for further development of demonstration systems for the commercial production of green ammonia, and for general working capital purposes.