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TORONTO, ON / ACCESSWIRE / August 30, 2022 / (CSE:AMMP)(OTCQB:AMMPF)(FSE:601A) / AmmPower Corp. (the “Company” or “AmmPower”) is pleased to announce the final touch of a feasibility of the green ammonia port facility in Porto Central, Brazil.
AmmPower has signed a Memorandum of Understanding with Porto Central, a port site in progress in Brazil with the purpose of being a major green energy hub (the “Facility”), to design, build, finance and operate a 4,000 metric ton port consistent with day port. (“mtpd”) green ammonia plant. The company worked with an EPC (Engineering, Procurement and Construction) company to complete the pre-feasibility study for the design of 4000 mtpj and 2000 mtpj green ammonia port facilities.
AmmPower anticipates that offshore wind will be the main source of energy for green ammonia port facilities, as access to offshore wind connections through strategic coastal locations is a priority for each project. The Company believes that the simultaneous progression of wind farms and offshore solar parks will help the Facility increase solid resource costs, creating a more effective trading style and optimal market price.
The facility is designed to distribute domestic fertilizers to agricultural buyers, ship hydrogen in the form of ammonia to primary foreign buyers through the Atlantic Ocean conduit, and shipping corporations offering access to the bunkering and dock to refuel ships and refuel for shipping.
The facility is expected to come with fully incorporated systems, adding offshore wind and solar farm resources, partnerships with other industry experts, as well as a combination of proprietary technologies that specialize in ammonia synthesis, ammonia decomposition, and production efficiency. The Company believes that the integration of the entire price chain from the beginning of the progression will allow the Company’s projects to successfully expand products at reduced prices for both conveniences and consumers and buyers.
The following animation illustrates the design of the installation ports on the effects of the pre-feasibility study (the video can also be viewed here).
To learn more about the development, procedure and design of Porto Central, visit the Porto Central website.
On behalf of the Board of DirectorsGary BenningerPresident and Chief Executive Officer
About AmmPowerAmmPower is a blank energy company dedicated to the production of green ammonia. The company was founded in Toronto, Ontario, with a studio and production facility in southeast Michigan. The company is active in all aspects of green ammonia production, adding the production of green manure, carbon-free transport fuel and the “cracking” or displacement of green hydrogen in the form of ammonia. The company is applying to expand proprietary technologies to produce green ammonia and green hydrogen on a large scale, adding the exclusive catalytic reaction study to lower prices and leverage carbon credits in the renewable energy box. Lately, AmmPower has several letters of intent with ports in Brazil, USA, and Brazil. It is lately completing its IAMM™ prototype to create green ammonia for the agricultural industry. The company also owns lithium exploration assets in Quebec’s James Bay/Eeyou Istche domain and an option over titan assets in Klotz Lake do principal in northwestern Ontario.
For more information, visit www. ammpower. com or tap AmmPower Investor Relations: 1-248-662-5565, invest@ammpower. com
Forward-Looking Statements This press release comprises forward-looking statements that are related to the dangers and uncertainties, including with respect to offshore wind installation as the main source of energy for green ammonia port facilities, the progress of offshore wind farms and solar parks, the installation made up of fully integrated systems and the integration of the entire price chain from the beginning of progression. The Company provides forward-looking statements for the purpose of conveying information about existing long-term plans and expectations, and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, these data are subject to inherent dangers and uncertainties that may be general or expressed and that give rise to the possibility that expectations, forecasts, predictions, projections or conclusions may not turn out to be accurate. will not be correct, and that the objectives, strategic goals and priorities will not be achieved. These dangers and uncertainties include, but are not limited to, those known and disclosed in the Company’s public filings under the Company’s SEDAR profile at www. sedar. com. While the Company has attempted to identify vital points that may also cause actual movements, events or effects to differ materially from those described in forward-looking data, there may be other points that cause events or effects in the movement matrix not to be as expected, estimated or expected. There can be no guarantee that such information will prove to be accurate, as actual effects and long-term events may also differ materially from those expected from such statements. The Company disclaims any legal purpose or responsibility to update or revise forward-looking data, whether as a result of new data, long-term events, or otherwise as required by law.
The Canadian Securities Exchange (CSE) has reviewed, approved or disapproved the contents of this press release.
SOURCE: AmmPower Corp.
See the edition in accesswire. com: https://www. accesswire. com/713996/AmmPower-Corp-Completes-Pre-Feasibility-Study-and-Creates-Site-Layout-Plan-for-Green-Ammonia-Plant- in Porto-Central-en-Brasil