Mr. Ryan Ptolemy reports
ABERDEEN INTERNATIONAL INC. IS PLEASED TO PROVIDE CORPORATE UPDATES REGARDING AES-100 INC., SOLE OWNER OF THE INTELLECTUAL PROPERTY RELATED TO THE ADVANCED ELECTROLYZER SYSTEM (AES) ALLOWING LOW COST HYDROGEN PRODUCTION WITH NO GREENHOUSE GAS EMISSIONS
Aberdeen International Inc. has provided some exciting updates regarding its recent acquisition, AES-100 Inc. (see press releases dated Feb. 1, 2021, and Feb. 11, 2021).
The advanced electrolyzer system (AES) is a world-class system created by the team led by Pinakin Patel at T2M Global. Its proprietary technology allows for much lower-cost production of hydrogen with no greenhouse gas emissions. AES is the only technology capable of producing high-purity green hydrogen at highly competitive costs. AES targets less than $5 per kilogram hydrogen (H2), a significant and material improvement from the $10 to $15/kg H2 levels currently in the marketplace. The significant cost savings through AES should accelerate the adoption of hydrogen technology in accelerating growth sectors such as the fuel cell vehicle and renewable energy sectors.
Green ammonia: AES technology has potentially unlocked ammonia as another method of hydrogen creation. Mr. Patel was the primary author, in conjunction with Venkat Pattabathula, formerly of Incitec Pivot, one of the largest ammonia producers in the world. Extensive infrastructure for ammonia can lead to lower-cost hydrogen needed for transportation and stationary power. AES was used successfully to extract hydrogen from ammonia. The current ammonia market is about 200 million metric tonnes per year ($60-billion per year).
- Invited talk at Nitrogen and Syngas International Conference: On March 1, Mr. Patel delivered a talk entitled "New Application of Ammonia: Fertilizer to Fuel." Ammonia is highly energy-dense carrier of hydrogen with a multitude of benefits. It is also carbon free. Emerging use of ammonia as hydrogen carrier can potentially double the ammonia demand from 200 million to 400 million metric tonnes per year. At $300 per tonne of ammonia, this translates to an increase of $60-billion in new revenue for the ammonia industry. Building on existing infrastructure for ammonia will greatly benefit the emerging hydrogen fuel cell industry. A small ammonia plant producing about 1,000 tonnes of ammonia per day can provide hydrogen for over 3,000 trucks every day. AES technology is expected to play a significant role in this multibillion-dollar fertilizer-to-fuel application.
About Aberdeen International Inc.
Aberdeen International is a global resource investment company and merchant bank focused on small capitalization companies in the mining and metals and renewable energy sectors.
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