Toronto, ON – AmmPower Corp. (CSE: AMMP) (OTCQB: AMMPF) (FSE: 601A) (the “Company” or “AmmPower”) is pleased to announce the completion of a pre-feasibility study for the green ammonia port facility at Porto Central, Brazil.
AmmPower has a Memorandum of Understanding with Porto Central, a port location under development in Brazil with the objective to be a major green energy hub (the “Facility”), to design, build, finance, maintain and operate a 4,000 metric ton per day (“mtpd”) green ammonia facility. The Company worked with an EPC (engineering, procurement, and construction) company to complete the pre-feasibility study for both a 4000mtpd and 2000mtpd green ammonia port facility design.
AmmPower anticipates that off-shore wind will be the prime source of power for the green ammonia port facilities, as access to off-shore wind connections via strategic coastal locations is prioritized amongst each project. The Company believes that simultaneously developing the off-shore wind farms and solar farms will help the Facility be able to better maintain stable resource costs, creating a more effective business model and optimal market price.
The Facility is designed to distribute domestic fertilizer for agricultural off-takers, transport hydrogen in the form of ammonia to major international off-takers via Atlantic Ocean conduit and support shipping companies by providing bunkering and jetty accessibility for fueling ships and loading fuel for transport.
The Facility is expected to consist of fully integrated systems, including off-shore wind energy and solar farm resources, partnerships with other industry experts, as well as a combination of proprietary technology specializing in ammonia synthesis, ammonia decomposition, and manufacturing efficiency. The Company believes integration of the full value-chain from early development will allow the Company’s projects to successfully develop product with reduced costs for the facilities as well as clients and off-takers.
The following animation illustrates the port layout for the Facility based upon the results of the pre-feasibility study (video may also be accessed here).
For more information about Porto Central’s development, process, and design, please visit the Porto Central website.
On Behalf of the Board of Directors
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