AmmPower Marks First Production of Ammonia at New Michigan Facility
Production has officially begun for AmmPower Corp (CSE: AMMP). The firm has officially begun producing ammonia at its new manufacturing and development facility located within southeast Michigan, marking a major milestone for the company.
The company indicated that it has produced the first laboratory quantities of ammonia at the facility, the first such technical achievement of the new operation. The milestone is said to signal “the launch of AmmPower’s ammonia catalyst and process development programs that are to follow.”
The process of development has now officially begun, with the company now looking to validate new catalyst technology and production processes for the synthesizing of ammonia. Specifically, the company is focused on the processing of cracking ammonia to release hydrogen, which will allow hydrogen to be transported much more easily in the form of ammonia before being released at its point of use.
“Today represents a huge step forward in the advancement of AmmPower into the renewable energy world. This first step is crucial towards the end goal of production of a unique, scalable and economic green ammonia solution for our customers in the agricultural and maritime world,” commented Rene Bharti, president of AmmPower.
AmmPower Corp last traded at $0.58 on the CSE.
FULL DISCLOSURE: AmmPower Corp is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover AmmPower Corp on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.