Forward Water Technologies Corp. ("Forward Water" or the "Company") (TSXV:FWTC) announces that it has granted incentive stock options to certain employees of the Company to acquire an aggregate of 620,000 common shares in the capital of the Company at an exercise price of $0.085 (the "Options") in accordance with the Company's 10% rolling incentive stock option plan. The Options are exercisable for a five-year term expiring January 9, 2028. The Options granted vest as to one-third immediately, the second third on January 9th 2024 and the final third on January 9th, 2025

Forward Water Technologies:Innovative Technology Supporting the Quest for Clean Water
Forward Water Technologies (TSXV:FWTC)) helps in the reduction of environmental impact of lithium mining companies and other industries through innovative wastewater treatment technology that enables industrial operations to reduce liquid waste volume by up to 95 percent.
Transformative wastewater technologies are critical for both businesses and the world’s population. In fact, unless sufficient progress is achieved, UNICEF and WHO estimate that 1.6 billion people will be without access to safe drinking water by 2030, and 2.8 billion will be without access to safe sanitation and hygiene. Water treatment technologies can disrupt current trends and improve global access to safe drinking water.
Company Highlights
- Forward Water Technologies has developed a patented wastewater treatment technology that reduces wastewater volume and improves reusability across multiple industries, including mining and food manufacturing.
- The company’s Forward Osmosis technology disrupts the traditional method of wastewater disposal by reducing the amount of waste that must be transported and disposed of, directly reducing costs.
- The FO technology also improves water reusability by up to 95 percent, reducing the expense of importing water for industrial processes.
- The Forward Water Technologies Li-FO™ process is applicable in the lithium mining sector by improving concentration by up to 20 times, allowing organizations to improve extraction efficiency.
- The company has partnered with a lithium-brine extraction operation to evaluate its Li-FO™ technology.
- An experienced management team with a blend of relevant technical expertise leads the company toward refining and marketing its technology.
This Forward Water Technologies profile is part of a paid investor education campaign.*
Forward Water Technologies
Overview
Forward Water Technologies (TSXV:FWTC) is helping lithium mining companies and other industries reduce their environmental impact through its innovative wastewater treatment technology that enables industrial operations to reduce liquid waste volume by up to 95 percent.
Environmental, social and governance (ESG) ratings continue to be a key business strategy for organizations as they impact public perception and partnership possibilities. For water-intensive industries, such as mining, sustainable wastewater management is critical.
Transformative wastewater technologies are critical for both businesses and the world’s population. In fact, unless sufficient progress is achieved, UNICEF and WHO estimate that 1.6 billion people will be without access to safe drinking water by 2030, and 2.8 billion will be without access to safe sanitation and hygiene. Water treatment technologies can disrupt current trends and improve global access to safe drinking water.
Through its Forward Osmosis (FO) technology, Forward Water is providing an environmentally friendly alternative to traditional wastewater disposal. Traditionally, wastewater disposal requires transporting untreated wastewater for deep well disposal or high-intensity thermal treatment. Forward Water’s FO system is installed at the client site, and wastewater is treated to reduce waste volume and produce valuable clean water for reuse in the manufacturing process. Then, the significantly reduced volume of wastewater is transported and disposed of, significantly saving on transportation and disposal costs.
The FO technology targets three massive sectors: industrial wastewater, mining and food manufacturing. Forward Water’s unique and patented FO technology achieves high-rate water extraction within a low-energy continuous process. The process reduces waste and allows up to 95 percent water recovery, ready for reuse.
Forward Water’s Li-FO™ technology is ideal for lithium-brine mining operations, allowing mines to “fine tune” brine sources to improve concentration by up to 20 times. This results in improved recovery and makes lower-concentration brines economically viable. Forward Water is currently embarking on an early development testing project to further evaluate and refine the technology’s viability in lithium mining.
Howie Honeyman, CEO, recently explained how the company’s technology can improve lithium mining industry operations. “A lot of lithium being mined today around the world is coming from underground aquifers that store the lithium brine. The challenge is that the lithium is surrounded by other minerals and salts, requiring chemical ‘tweezers’ to pluck out that lithium. What we can do is, at multiple places in that process, we can concentrate that lithium-containing water stream, which makes it far easier for these miners to handle the volumes they need to extract that lithium.”
An experienced management team with technical expertise leads the company towards further refining and deploying its technology. The team includes experts in materials science, chemistry and engineering. Additional experts in corporate administration and financing round out the leadership team to lead the company toward its goals.
Company Highlights
- Forward Water Technologies has developed a patented wastewater treatment technology that reduces wastewater volume and improves reusability across multiple industries, including mining and food manufacturing.
- The company’s Forward Osmosis technology disrupts the traditional method of wastewater disposal by reducing the amount of waste that must be transported and disposed of, directly reducing costs.
- The FO technology also improves water reusability by up to 95 percent, reducing the expense of importing water for industrial processes.
- The Forward Water Technologies Li-FO™ process is applicable in the lithium mining sector by improving concentration by up to 20 times, allowing organizations to improve extraction efficiency.
- The company has partnered with a lithium-brine extraction operation to evaluate its Li-FO™ technology.
- An experienced management team with a blend of relevant technical expertise leads the company toward refining and marketing its technology.
Key Projects
Forward Osmosis Water Treatment
Forward Osmosis (FO) is a naturally occurring process in which water is spontaneously drawn across a membrane when one solution is higher in salt concentration than the other. The difference in salinity, known as the osmotic gradient, creates a low-energy water treatment process.
Forward Water Technologies has leveraged the naturally occurring process to innovate its patented three-step FO technology, allowing for 95 percent wastewater reduction and 95 percent water recovery.
Project Highlights:
- Patented Three-Step Process: Forward Water Technologies FO process achieves low-energy and high-rate water extraction with a unique three-step design:
- Water Extraction: Water is drawn across the FO membrane into a salt draw solution. The combination of the patented draw solution and unique membrane “locks” the draw solution on one side of the membrane, creating a true closed-loop process.
- Water/Salt Separation: Next, a switchable water salt (SWS) achieves water/salt separation as low-grade heat is applied, and it phases from liquid to gas. As the gas leaves the solution, clean water is left behind. The energy necessary for this step is often found in many facilities in the form of waste heat.
- Salt Draw Reconcentration: Finally, as the gas leaves the solution, it is captured within the closed-loop system and is passively cooled, causing it to phase back into liquid form as an SWS. The SWS liquid is collected and recycled back to the front of the membranes in the water extraction step, creating a continuous process.
- Widely Applicable Water Treatment: The low-energy process allows organizations across several industries to improve water reclamation and reduce wastewater by up to 95 percent. Additionally, the process allows for up to 20 times concentration, making the process amenable to lithium-brine extraction and other potential applications.
- Significant Cost Savings: The primary value proposition for the FO process is cost reduction in wastewater transportation and disposal. With the process in place, more water is reclaimed for reuse in manufacturing, which reduces the raw volume of wastewater that must be transported and disposed of.
Management Team
Howie Honeyman, Ph.D. - Chief Executive Officer & President
Dr. Howie Honeyman has 20 years of experience commercializing new technologies at Xerox, Cabot Corp., E Ink, Natrix Separations and as former CTO of GreenCentre Canada. Commercialized high capacity high throughput membranes for bioprocessing as SVP of Natrix Separations, which was recently acquired by Millipore-Sigma. Since 2015, Honeyman has been leading Forward Water to become a premier wastewater treatment solution. Honeyman is also an inventor of record on over 50 US patents and holds a PhD in chemistry from the University of Toronto.
Michael Willetts - Chief Financial Officer
Michael Willetts has over 25 years in financial leadership roles primarily in manufacturing, from large multinational businesses to startups, both public and private. He previously worked as an engineer in the automotive industry before entering into finance at Ford Motor Company. Willets went on to progressively larger finance roles in several international automotive suppliers (Textron, GKN, DSM) and Canadian manufacturers (Armtec, Stronach International, AirBoss of America). Willetts is currently providing fractional CFO services through WD Numeric Corporate Services in the manufacturing, SaaS and cannabis industries. Willetts graduated with a BASc, BComm and MBA from the University of Windsor.
Wayne Maddever - Ph.D., P.Eng., - Chief Operating Officer
Dr. Wayne Maddever received his Ph.D. in materials science engineering from the University of Toronto. Since 1985, he has held senior executive management positions with technically based businesses in start-up, turnaround or acquisition situations where his skills in change management have brought considerable success in the commercialization of new technologies. His experience in both private and public companies, domestically and internationally, spans a broad variety of industries, including bio and advanced materials, precision manufacturing, recycling, waste-to-energy and medical devices. He holds a number of patents in several fields. He is a fellow of the Canadian Academy of Engineering. In addition to his duties as COO of Forward Water, he is currently portfolio manager at Bioindustrial Innovation Canada, one of the major shareholders of Forward Water.
Grant Thornley - VP Engineering Solution Sales
Grant Thornley is a business strategist with more than 25 years of experience. He has developed and grown international water/wastewater markets through innovative growth hacking techniques and processes, synergized with product development and positioning, data analytics and acceleration of go-to-market strategies through alliances and partnerships. Having expertise in chemical, mechanical and biological treatment processes as well as designing hundreds of municipal and industrial applications, Thornley brings a knowledge-to-action approach to helping clients solve problems and realize new opportunities in water reuse, energy conservation and CO2 reduction.
Leonard Seed, P.Eng. - Director Of Engineering & Operations
Leonard Seed has over 18 years of experience developing and commercializing new water and wastewater treatment technologies, primarily in a start-up environment. Seed is named as an inventor on over seven patents and has authored several publications. Seed is a professional engineer and has an MSc in environmental engineering from the University of Guelph. Leonard holds inventorship on seven US patents and is an instructor at Mohawk College teaching aspects of water treatment technologies and leading research efforts on forward osmosis.
Philip Jessop, Ph.D. - Executive Research Director
Dr. Philip Jessop is a professor and Canada Research Chair of Green Chemistry at the Department of Chemistry, Queen’s University in Kingston, Ontario. He also serves as the technical director of GreenCentre Canada and executive research director at Forward Water Technologies. After his Ph.D. (British Columbia, 1991) and a postdoctoral appointment (Toronto, 1992), he became a contract researcher in Japan working for R. Noyori (Nobel Prize 2001). As a professor at the University of California-Davis (1996-2003) and since then at Queen’s, he has studied green solvents and the chemistry of carbon dioxide. Distinctions include the NSERC Polanyi Award (2008), Killam Research Fellowship (2010), Canadian Green Chemistry & Engineering Award (2012), Eni Award (2013), Fellowship in the Royal Society of Canada (2013), a Canada Research Chair Tier 1 (2013 to 2020), and the NSERC Brockhouse Prize (2019). He serves as chair of the editorial board for the journal Green Chemistry, has chaired three international conferences, and helped create GreenCentre Canada, a national center of excellence for the commercialization of green chemistry technologies. Forward Water is a spin-off company based on Dr. Jessop’s switchable solvents.
Forward Water Technologies Grant of Stock Options
Forward Water is a publicly-traded Canadian company dedicated to saving the earth's water supply using its patented Forward Osmosis technology. The Company was founded by Green Centre Canada a leading technology innovation centre, supported by the government of Canada. The Company's technology allows for the reduction of challenging waste streams simultaneously returning fresh water for re-use or surface release. The Company's mandate is to focus on the large-scale implementation of its technology in multiple sectors, including industrial wastewater, oil and gas, mining, agriculture and ultimately municipal water supply and re-use market sectors. For more information, please visit www.forwardwater.com.
Mr. Howie Honeyman, Ph.D., President & Chief Executive Officer
Forward Water Technologies Corp.
howie.honeyman@forwardwater.com
Phone: (519) 333-5888
For further information please contact:
Kayla.ferderber@forwardwater.com
Forward-Looking Statements
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, the ability to scale the technology and the adoption of the technology by potential customers.
Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: unanticipated operating events; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility as well as the other risks and uncertainties applicable to the Company as outlined in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE: Forward Water Technologies Corp.
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https://www.accesswire.com/734555/Forward-Water-Technologies-Grant-of-Stock-Options
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Forward Water Technologies Corp. Issues Shares for Payment of Services by AGORA Internet Relations Corp.
Forward Water Technologies Corp. (TSXV:FWTC) (the "Company") is pleased to announce that it has issued a total of 588,739 common shares in the capital of the Company in settlement of compensation to AGORA Internet Relations Corp. ("AGORA") for certain advertising services provided by AGORA to the Company over the last six months
The Company has received significant exposure through millions of content brand insertions on the AGORACOM network and extensive search engine marketing over the last six months. In addition, exclusive sponsorships of invaluable digital properties such as AGORACOM TV, the AGORACOM home page and the AGORACOM Twitter account have served to significantly raise the brand awareness of the Company among small cap investors.
President and CEO, Mr. Honeyman comments, "AGORA has proven to be a valuable partner over the past six month period. We are delighted to have their services to continue to expand our presence in the clean technology sector."
As disclosed in the Company's December 17, 2021 press release the Company entered into an agreement with AGORA for the provision of marketing services for a period of one year. Pursuant to the terms of the agreement with AGORA, the Company agreed to pay a total fee of $100,000 + HST. The fee is payable, through the issuance of common shares of the Company and the 588,739 common shares being issued are being issued at deemed prices equal to the closing prices of the shares at each of the following dates:
- $20,000 + HST Shares for Services at end of the nineth month August 15, 2022 ($22,600.00 / $0.07 (Closing Price Aug 15/22);
- $20,000 + HST Shares for Services at end of the twelfth month November 15, 2022 ($22,600.00 / $0.085 (Closing Price Nov 15/22).
The shares are subject to a hold period that will expire on April 27, 2023.
About AGORACOM
AGORACOM is the pioneer of online marketing, broadcasting, conferences and investor relations services to North American small and mid-cap public companies, with more than 300 companies served. AGORACOM is the home of more than 7.7 million investors that visited 55.2 million times and read over 600 million pages of information over the last 10 years. The average visit of 8min 43sec is more than double that of global financial sites, which can be attributed to the implementation and enforcement of the strongest moderation rules in the industry.
About Forward Water Technologies Corp.
Forward Water Technologies Corp. is a publicly traded Canadian company dedicated to saving the earth's water supply using its patented Forward Osmosis technology. The Company was founded by GreenCentre Canada, a leading technology innovation centre supported by the government of Canada. The Company's technology allows for the reduction of challenging waste streams simultaneously returning fresh water for re-use or surface release. The Company's mandate is to focus on the large-scale implementation of its technology in multiple sectors, including industrial wastewater, oil and gas, mining, agriculture and ultimately municipal water supply and re-use market sectors. In addition, the Company has initiated early stage R&D for the treatment of food and beverage process streams.
For more information, please visit www.forwardwater.com.
Contact Information
For more information or interview requests, please contact:
C. Howie Honeyman - Chief Executive Officer
howie.honeyman@forwardwater.com
416-451-8155
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward-Looking Statements
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws including statements regarding expansion and uptake of the Company's technology and the ability for the Company to achieve its growth strategy and business plan. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, the ability to scale the technology and the adoption of the technology by potential customers.
Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: the impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; unanticipated operating events; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information.
SOURCE: Forward Water Technologies Corp.
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Forward Water Technologies Announces Second Quarter 2022 Financial Results
Forward Water Technologies Corp. (TSXV:FWTC) (the "Company" or "FWTC") is pleased to announce that it has filed its condensed consolidated un-audited financial statements and related management's discussion and analysis for the three and six months ended September 31, 2022 and 2021. Copies of these financial statements and related management's discussion and analysis can be found on the Company's issuer profile at www.sedar.com. All financial information in this news release is reported in Canadian dollars, unless otherwise indicated
Q2 Financial Highlights
- Total expenses were $605,179 for the three months ended September 30, 2022, and $1,165,118 for the six months ended September 30, 2022.
- Net loss and comprehensive loss was $524,082 for the three months ended September 30, 2022, compared to a loss of $999,559 for the same period in 2021. The net loss and comprehensive loss for the six month period ended September 30, 2022 was $1,066,048 compared to a loss of $1,565,544 for the same period in 2021.
- Basic loss per share was $0.00 and $0.01 for the three and six months ended September 30, 2022, respectively, compared to $0.02 and $0.03 for the same three and six months in 2021.
Operating Highlights and Recent Corporate Developments
- On August 4, 2022, the Company issued a total of 502,999 common shares in settlement of compensation to AGORA Internet Relations Corp for certain advertising services provided to the Company
- On September 6, 2022, FWTC announced that it has secured an early development testing project to support a globally positioned mining company to aid in the sustainable lithium isolation pathway.
- On September 20, 2022, FWTC announced its participation, in conjunction with Membracon UK, to support a study with Cranfield University. Cranfield University is a research intensive post-graduate institution that works closely with business, industry, and government to produce transformational sustainable solutions
- Significant progress has been made on the building of the mobile demonstration unit which is now 80% complete with an anticipated completion date of February, 2023.
Management Commentary
"The Company continues to progress on its projected business plan and commercial development. Our focus remains on continued client engagement through the use of our expertise, technical resources, and providing access to our proprietary equipment platform." said Howie Honeyman, CEO of the Company.
Summary of Financial Results
Income Statement

Balance Sheet

Statement of Cash Flows

About Forward Water Technologies Corp.
Forward Water Technologies Corp. is a publicly traded Canadian company dedicated to saving the earth's water supply using its patented Forward Osmosis technology. The Company was founded by GreenCentre Canada, a leading technology innovation centre supported by the government of Canada. The Company's technology allows for the reduction of challenging waste streams simultaneously returning fresh water for re-use or surface release. The Company's mandate is to focus on the large-scale implementation of its technology in multiple sectors, including industrial wastewater, oil and gas, mining, agriculture and ultimately municipal water supply and re-use market sectors. In addition, the Company has initiated early stage R&D for the treatment of food and beverage process streams.
For more information, please visit www.forwardwater.com.
Contact Information
For more information or interview requests, please contact:
C. Howie Honeyman - Chief Executive Officer
howie.honeyman@forwardwater.com
416-451-8155
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward-Looking Statements
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws including statements regarding expansion and uptake of the Company's technology and the ability for the Company to achieve its growth strategy and business plan. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, the ability to scale the technology and the adoption of the technology by potential customers.
Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: the impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; unanticipated operating events; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information.
SOURCE: Forward Water Technologies Corp.
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https://www.accesswire.com/728361/Forward-Water-Technologies-Announces-Second-Quarter-2022-Financial-Results
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Forward Water Technologies Awarded CFIN Innovation Booster Grant in Partnership with Canadian Food Innovation Network
Forward Water Technologies Corp. ("Forward Water" or the "Company") (TSXV:FWTC) is pleased to announce that it has been awarded $97,773 in matching funds as part of The Canadian Food Innovation Network's Innovation ("CFIN") Booster Program
Forward Water is developing an entirely new, food-safe process for cold concentration of foodstuffs, resulting in up to 10x the concentration capability when compared to thermally based technologies. This technology which stems from the forward osmosis proprietary process already used by the Company, is expected to advance the competitiveness of Canada's food business ecosystem through the production of higher quality end products with reduced GHG emissions associated with conventional processing. President and CEO, Howie Honeyman comments, "The ability to cold concentrate liquid food and beverage streams preserves the high quality of the product while intensifying flavours and aromas, produces no secondary waste stream, and accomplishes the process using only a fraction of the energy that traditional thermal processes require. The net result is a superior product made at reduced costs that lowers GHG emissions. The support from CFIN will enable us to accelerate this development and get to market even faster".
The CFIN Food Innovation Challenge seeks to support disruptive start-ups in the food service industry who are on the cusp of development and commercialization. The challenge is limited to Canadian-led collaborations and grants are awarded based on merit.
"This project is a great example of the transformative innovation happening across Canada's food sector that often goes unnoticed or undercelebrated. We're excited to support Forward Water as they bring their sustainable cold concentration process technology to market where it can enhance and improve several products and process while reducing energy consumption." -- Joe Lake, CEO of CFIN
About Forward Water Technologies Corp.
Forward Water Technologies Corp. is a publicly-traded Canadian company dedicated to saving the earth's water supply using its patented Forward Osmosis technology. The Company was founded by Green Centre Canada a leading technology innovation centre, supported by the government of Canada. The Company's technology allows for the reduction of challenging waste streams simultaneously returning fresh water for re-use or surface release. The Company's mandate is to focus on the large-scale implementation of its technology in multiple sectors, including industrial wastewater, food and beverage concentrates, oil and gas, mining, agriculture and ultimately municipal water supply and re-use market sectors. For more information, please visit www.forwardwater.com.
About Canadian Food Innovation Network:
The Canadian Food Innovation Network (CFIN) is a national non-profit, member-based organization that's stimulating transformative and transferrable innovation across the Canadian food sector. We connect the Canadian food ecosystem to fresh insights, ideas, and technologies to elevate their business and increase their innovation capacity. You can become a CFIN member (for free!) in less than five minutes.
To learn more about CFIN, please visit www.cfin-rcia.ca.
Mr. Howie Honeyman, Ph.D., President & Chief Executive Officer
Forward Water Technologies Corp.
howie.honeyman@forwardwater.com
Phone: (519) 333-5888
For further information please contact:
Kayla.ferderber@forwardwater.com
Forward-Looking Statements
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, the ability to scale the technology and the adoption of the technology by potential customers.
Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: unanticipated operating events; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility as well as the other risks and uncertainties applicable to the Company as outlined in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE: Forward Water Technologies Corp.
View source version on accesswire.com:
https://www.accesswire.com/723661/Forward-Water-Technologies-Awarded-CFIN-Innovation-Booster-Grant-in-Partnership-with-Canadian-Food-Innovation-Network
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Forward Water Technologies to Exhibit at WEFTEC Water Quality Event 2022
Forward Water Technologies Corp. ("Forward Water" or the "Company") (TSXV:FWTC) announces that Mr. Grant Thornley, Vice-President of Engineering Sales as well as Alessandra Rodriguez, Research Engineer will be exhibiting live at WEFTEC in New Orleans from October 8 to October 12, 2022
Date: October 8 - October 12, 2022
Location: New Orleans Morial Convention Center, Booth #4047 in Hall F in the Canadian Pavillion
Link: https://www.weftec.org
WEFTEC 2022 is an event where water professionals from around the world showcase the best in water quality education, the latest technologies, and trends. The Company is proud to present its patented forward osmosis solution that has the potential to significantly reduce water usage in many industrial use applications at this water quality event. Vice-President of Engineering Sales, Mr. Thornley comments "We are excited to be exhibiting at WEFTEC this year, as it provides us the opportunity not only to promote our technology and solution offerings but also to meet with our representatives and to network with industry experts".
About Forward Water Technologies Corp.
Forward Water Technologies Corp. is a publicly traded Canadian company dedicated to saving the earth's water supply using its patented Forward Osmosis technology. The Company was founded by GreenCentre Canada, a leading technology innovation centre supported by the government of Canada. The Company's technology allows for the reduction of challenging waste streams simultaneously returning fresh water for re-use or surface release. The Company's mandate is to focus on the large-scale implementation of its technology in multiple sectors, including industrial wastewater, oil and gas, mining, agriculture and ultimately municipal water supply and re-use market sectors. For more information, please visit www.forwardwater.com.
About the WEFTEC Water Quality Event 2022
The WEFTEC is celebrating its 95th annual Technical and Exhibition Conference this year in New Orleans. This is the largest water/wastewater conference in North America, providing access to the most cutting-edge technologies in the field. With thousands of water and wastewater professionals from around the world in attendance each year, sharing their experience with trends, water quality and proven solutions. For more information, please visit https://www.weftec.org.
Mr. Howie Honeyman, Ph.D., President & Chief Executive Officer
Forward Water Technologies Corp.
howie.honeyman@forwardwater.com
For further information please contact:
Kayla.ferderber@forwardwater.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward Looking Statements
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.
Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to the need to obtain required approvals from regulatory authorities; stock market volatility as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
SOURCE: Forward Water Technologies Corp.
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https://www.accesswire.com/718059/Forward-Water-Technologies-to-Exhibit-at-WEFTEC-Water-Quality-Event-2022
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Top 3 Canadian Cleantech Stocks of 2022
Click here to read the previous top Canadian cleantech stocks article.
Despite setbacks due to COVID-19, the global transition to a green economy has been a boon for the cleantech market, and investment in renewable energy and clean technology continues to grow.
Analysts see a few key trends dominating the cleantech sector worldwide, such as offshore wind energy, agricultural technology, electric vehicles (EVs), EV infrastructure and clean energy commercial long-haul transportation solutions.
With 2022 nearly over, here’s a look at the top Canadian cleantech stocks on the TSX and TSXV year-to-date. CSE-listed stocks were considered, but none made the cut. All companies listed had market caps of at least C$10 million as of December 8, 2022. Numbers and figures were current at that time, with data gathered using TradingView’s stock screener.
1. First Hydrogen (TSXV:FHYD)
Year-to-date gain: 100 percent; market cap: C$258.31 million
Previously known as Pure Extraction, First Hydrogen has two focus areas: zero-emission vehicles and supercritical carbon dioxide extractor systems. Through agreements with AVL Powertrain UK and Ballard Power Systems, the company is working on a light commercial vehicle powered by hydrogen fuel cell technology; its extractor systems will also run on fuel cells.
First Hydrogen has had a busy year. In Q1, the company signed a hydrogen collaboration agreement with Cambridge University, established a business division focused on the production and distribution of green hydrogen and announced plans to start demonstrations of its green hydrogen vans through its partnerships with AVL Powertrain UK and Ballard Power Systems. In April, First Hydrogen set about securing four locations in the UK and Canada for developing green hydrogen production projects.
In August, First Hydrogen completed initial commissioning trials of its two demonstrator vehicles. As of late August, a total of 12 fleet operators working across a range of industries, including telecommunicationss, utilities, infrastructure, delivery, grocery and healthcare, had signed on to participate in further demonstrations. Shares of the cleantech stock peaked at C$5.30 on August 25.
2. Capital Power (TSX:CPX)
Year-to-date gain: 22.74 percent; market cap: C$5.69 billion
Capital Power is a wholesale power producer focused on sustainable energy. The company builds, owns and operates utility-scale generation facilities that include renewables and thermal power. The firm has also made significant investments in carbon capture as a means to reduce carbon impacts. The company is focused on cutting coal, with a commitment to be off it in 2023.
Across North America, Capital Power owns 27 facilities with approximately 6,600 megawatts (MW) of power-generation capacity. Additionally, the company has a pipeline of advanced development projects that includes approximately 385 MW of owned renewable generation capacity in North Carolina and Alberta, as well as 512 MW of incremental natural gas combined cycle capacity in Alberta.
In May, Capital Power announced a contract renewal of four and half years with BC Hydro for the Island Generation facility, which provides reliable backup power to Vancouver Island and Metro Vancouver. Capital Power’s share price hit C$51.90, its highest point so far in 2022, on August 30. The company is a dividend-paying stock.
3. Boralex (TSX:BLX)
Year-to-date gain: 9.19 percent; market cap: C$3.85 billion
Boralex produces renewable wind, solar, hydroelectric and thermal energy in Canada, France and the US. The company is France’s largest independent producer of onshore wind power. In Canada, Boralex has 21 wind projects across Quebec, Alberta, Ontario and BC; nine hydroelectric projects across Quebec, Ontario and BC; one solar project in Ontario; and one thermal project in Quebec.
Boralex’s five year plan for 2021 to 2025 includes investing US$6 billion to roughly double its capacity by adding 4,400 MW. In April, the renewable energy company shared that through its partnerships with Énergir and Hydro-Québec it will develop 1.2 gigawatts worth of wind projects in Canada. In early June, five Boralex solar farms totaling 540 MW of electric generation and 77 MW of storage were selected after New York state solicited proposals. In August, the company shared its Q2 financial results, highlighting 89 percent growth in consolidated operating income and 15 percent growth in EBITDA from the previous year's Q2. In the same quarter, Boralex added 177 MW of wind and solar projects and 26 MW of storage projects to its project portfolio.
Boralex’s share price hit C$51.55, its highest point so far in 2022, on August 24.
Don’t forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
What Are the Advantages of Wind Energy and Solar Energy? (Updated 2022)
Wind power and solar power are considered the two primary choices for clean energy.
As clean technologies, both wind power and solar energy significantly decrease pollution and have minimal operational costs. These are attractive reasons to make the switch to clean energy solutions — but there's more to wind and solar energy than that.
Here the Investing News Network provides a brief introduction to wind and solar energy, from the advantages of renewable energy to the future outlook for these clean energy technologies.
What are wind energy and solar energy?
Putting it simply, wind energy is the process of using the air flowing through wind turbines to generate power by converting the kinetic energy in wind into mechanical power.
Wind energy can provide electricity for utility grids and homes, and can be used to charge batteries and pump water. The three main kinds of wind power are broken down as follows by the American Wind Energy Association:
- Utility-scale wind: Wind turbines bigger than 100 kilowatts that deliver electricity to power grids and end users via electric utilities or power system operators.
- Distributed wind: Wind turbines smaller than 100 kilowatts that are used to directly provide power to homes, farms or small businesses.
- Offshore wind: Wind turbines placed in large bodies of water, generally on the continental shelf.
Interestingly, wind energy can also be considered an indirect form of solar energy. That's because winds are caused by the uneven heating of the atmosphere by the sun, the irregularities of the Earth's surface and rotation of the Earth.
Solar power is energy derived from the sun's rays and then converted into thermal or electrical energy.
According to the Solar Energy Industries Association, solar energy can be created in the following three ways: photovoltaics, solar heating and cooling, and concentrating solar power.
- Photovoltaics: Generates electricity directly from sunlight via an electronic process to power small electronics, road signs, homes and large commercial businesses.
- Solar heating and cooling: Uses the heat generated by the sun to provide water heating or space heating and cooling.
- Concentrating solar power: Uses the heat generated by the sun to run traditional electricity-generating turbines.
What are the advantages of wind energy and solar energy?
With the basics of wind and solar energy in mind, let's look at the advantages of these two clean energy sources.
As carbon-free and renewable energy sources, wind and solar can help reduce the world's dependence on oil and gas. These carbon fuels are responsible for harmful greenhouse gas emissions that affect air, water and soil quality, and contribute to environmental degradation and climate change.
Aside from that, wind and solar energy can give homeowners and businesses the ability to generate and store electricity onsite, giving them backup power when their needs cannot be filled by the traditional utilities grid.
For example, during California's wildfire season, large-scale utilities companies such as Pacific Gas & Electric (NYSE:PCG) often need to shut off power to tens of thousands of people in an effort to prevent fires like those linked to downed power lines. In cases like this, solar energy generated onsite could not only help fight climate change, but also act as a reliable backup source of energy.
Solar panel installations are easy to do and can create energy bill savings. In some regions, users may qualify for tax breaks or energy rebates if they produce excess energy that can be delivered to the utility grid. Canada has several dozen clean energy incentive programs that combined offer hundreds of energy-efficiency rebates and numerous renewable energy rebates.
Both solar energy and wind energy are on the path to becoming the world's most affordable sources of energy. "Land-based utility-scale wind is one of the lowest-priced energy sources available today," according to the US Department of Energy. "Furthermore, wind energy’s cost competitiveness continues to improve with advances in the science and technology of wind energy."
The price of harnessing the sun's power is dropping each year due to technology advancements. In fact, the cost of residential photovoltaic solar power slid from US$0.50 per kilowatt-hour in 2010 to US$0.128 in 2020, according to US Department of Energy figures. The US agency estimates that solar costs will fall further to US$0.05 by 2030. On a grander scale, utility photovoltaic costs already sat at only US$0.045 as of 2020.
What is the outlook for wind energy and solar energy?
The Global Wind Energy Council estimates that 557 gigawatts (GW) of new capacity will be added from 2022 to 2026. Government support and the need for energy security will be key drivers, giving way to market-based growth. "However, this growth needs to quadruple by the end of the decade if the world is to stay on-course for a 1.5C pathway and net zero by 2050," states the report.
As for solar energy, the International Energy Association's (IEA) World Energy Outlook 2022 report sees the growing deployment of solar generation through 2030 displacing fossil fuels, particularly coal, in the energy sector.
"Renewables, notably solar PV and wind, gain the most ground of any energy source this decade, accounting for 43% of electricity generation worldwide in 2030, up from 28% today," the report states.
In Europe specifically, renewable energy growth is being fueled by Russia's invasion of Ukraine. "(The region) continued its positive solar trajectory, achieving 31.8 GW of additional solar capacity — representing 33% growth and notably only a 0.1 GW difference to our 2021 Global Market Outlook projections," according to a report by SolarPower Europe. "The impact of the Russian war on Ukraine, and the accompanying energy security challenges, alongside EU climate goals, are driving the continent’s renewable transition — with 25 of 27 EU member states set to install more solar in 2022 than 2021."
How to invest in wind and solar energy?
There are many investment opportunities in the renewable energy markets.
For investors interested in wind energy, there is the First Trust ISE Global Wind Energy Index Fund (ARCA:FAN), which was created on June 16, 2008. It tracks 58 holdings, including wind energy giants Vestas Wind Systems (OTC Pink:VWSYF), Boralex (TSX:BLX,OTC Pink:BRLXF) and Northland Power (TSX:NPI,OTC Pink:NPIFF), to name a few.
Our lists of renewable energy stocks on the TSX and the biggest US solar energy companies may also be worth considering.
This is an updated version of an article first published by the Investing News Network in 2018.
Don't forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Melissa Pistlli, hold no direct investment interest in any company mentioned in this article.
Carbon Credit: A Booming Market for ETF Investors?
The move to renewable energy continues throughout the world. As oil and gas prices continue to rise, countries and companies are looking for ways to move away from the high-price environment. And a huge draw for this move? Carbon credits.
What is a carbon credit?
Carbon credits are permits given out by the government to allow an owner to create only a certain amount of carbon dioxide emissions, or other greenhouse gasses. Therefore, companies can only pollute up to a certain limit, and those credits are meant to be reduced over time.
If the company doesn’t meet its credits, it can then sell those credits to another company. Therefore, these private companies are incentivized to bring in extra cash from extra credits.
Countries around the world continue to sign on to bringing down emissions to net zero by 2050. To do this, the carbon credit system will play a major role in bringing private companies on board. So with that in mind, how can Canadian ETF investors access this potential opportunity?
Four carbon credit ETFs recently launched
Four new ETFs launched on the Canadian market recently to gain exposure to the carbon credit market. Those funds are Horizons Carbon Credit (CARB), Ninepoint Partners’ Carbon Credit (CBON) along with a United States version, and the TD Global Carbon Credit Index (TCBN).
Each of these ETFs provides exposure to the carbon credit industry through futures contracts. The exposure is also worldwide, spanning from Europe to the U.S., though of course only limited to these carbon credit systems in place by the government.
The system continues to expand in recent years with net-zero targets becoming a major focus. Therefore, in the near term it looks like the carbon credit system will certainly be a place for at least a macro view.
Investing in ETFs can therefore allow investors to gain exposure to this rapidly expanding opportunity in a safer way. However, the road there could be windy, and it may not be a solid long-term hold.
Carbon credit ETFs were not so great in the past
If investors look at past carbon credit ETFs, the last decade hasn’t been great. Barclays iPath Series B Carbon (GRN) for one only took off once President Joe Biden came into office, but quickly fell back as with other renewable energy stocks. Before that, it traded under iPath Global Carbon ETN, where shares continued trading down until they shifted in 2018.
From there, Russian sanctions after the invasion of Ukraine have led to countries using excess credits to fund a shift away from oil and gas altogether. This could even prove worse for the environment, some analysts suggest, as instead of seeking renewable sources they may move backward to coal.
It goes to show that there are still risks associated with the carbon credit market, even in ETFs. Politics has a lot to do with the move to clean energy, but governments will need private companies to be on board with that move. While the carbon credit is one way to do that, it will take countries and companies working together to find programs that benefit them both.
So should you invest in carbon credit ETFs?
While unsatisfying, it’s unclear whether there’s a major opportunity with carbon credit programs or not. And the ETFs recently released aren’t a great indicator of growth in the long term, certainly.
However, for those that believe the carbon credit program is the best way forward, any major growth is likely in the next few years. That being said, it’s unlikely that this is going to be a program we use 20 years from now. So investors may want to go over their ETF portfolio every so often to see if it’s still the opportunity they hoped it would be.
And as always, make sure to meet with a financial advisor if you’re looking to go down this road. You’ll likely want to find other ETFs that could help offset your goals.
Disclaimer: This article is limited to the dissemination of general information pertaining to investment strategies and financial planning and does not constitute an offer to issue or sell, or a solicitation of an offer to subscribe, buy, or acquire an interest in, any securities, financial instruments or other services, nor does it constitute a financial promotion, investment advice or an inducement or incitement to participate in any product, offering or investment.
Alkaline Fuel Cell Power Banks on Innovative Clean Tech to Quickly "Bring Power to the People"
Alkaline Fuel Cell Power banks on innovative clean tech to quickly "bring power to the people"youtu.be
An innovative technology that allows hydrogen to flow through natural gas pipelines will speed up the process of powering residential and commercial buildings with clean energy.
Through a joint venture with Progressus Clean Technologies, Alkaline Fuel Cell Power (AFCP) (NEO:PWWR,OTCQB:ALKFF) is leveraging hydrogen separator technology that allows customers to extract hydrogen — a clean source of energy — from the existing natural gas grid, explained CEO Frank Carnevale.
“We're showing two great technologies: a hydrogen separator technology and then our alkaline fuel cell, which is really cost-effective compared to alternatives,” Carnevale said. "We're doing this because we want to speed up how we bring our fuel cells to (the) market. And that's critical to our success."
On average, about 20 percent of the pipeline capacity of natural gas utilities can be filled with hydrogen, Carnevale said. That means when a local gas company injects hydrogen to one side of its system, that hydrogen flows with the natural gas through the pipeline to various customers, providing cleaner power.
Through AFCP’s fuel cells and Progressus' hydrogen separator device, which can be attached through that pipeline on the customer’s property, users can choose to extract only hydrogen energy to flow into their home or facility, which then is used to run AFCP's 4 kilowatt Micro-CHP or 4 kilowatt generator for pure hydrogen power, explained Carnevale.
“Fundamentally, we're bringing power to the people … it's a global energy transition we're all dealing with, and we're trying to make sure that we bring affordable, renewable and reliable power to the people,” Carnevale added.
In September 2022, AFCP announced that its wholly owned Belgian subsidiary Fuel Cell Power had earned ISO 9001:2015 certification for its quality management system for the development of alkaline fuel cells, an important step for the company to demonstrate to investors that it intends to move forward and scale the business, Carnevale said.
Watch the full interview with Alkaline Fuel Cell Power CEO Frank Carnevale above.
Disclaimer: This interview is sponsored by Alkaline Fuel Cell Power (NEO:PWWR,OTCQB:ALKFF). This interview provides information which was sourced by the Investing News Network (INN) and approved by Alkaline Fuel Cell Power in order to help investors learn more about the company. Alkaline Fuel Cell Power is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Alkaline Fuel Cell Power and seek advice from a qualified investment advisor.
This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.
STEER Technologies Inc. Receives TSXV Approval to Finalize Corporate Name Change
Facedrive Inc. (" STEER " or " the Company ") (TSXV: FD) (OTCQX: FDVRF), an integrated ESG technology platform, is pleased to announce it has received TSX Venture Exchange (the " TSXV ") approval for its corporate name change from "Facedrive Inc." to "STEER Technologies Inc." and its related stock symbol change to "STER". This announcement follows on the Company's news release dated April 20, 2022, announcing its overall rebranding efforts to "STEER" and the approval of its shareholders to a corporate name change on July 12, 2022. Trading on the TSXV in the Company's common shares under the new ticker symbol "STER" will commence at market opening on October 11, 2022. Contemporaneously, it is anticipated that the Company's common shares on the OTCQX will begin trading under the new stock symbol "STEEF".
The Company's common shares have a new CUSIP number of 858335102 and ISIN number of CA8583351025. The transfer agent of the Company continues to be Odyssey Trust Company. There is no change in the capitalization of the Company in connection with the change of name and new trading symbols. No action is required by existing security holders of the Company with respect to the name change and new trading symbols. Outstanding common shares certificates or DRS notices do not need to be exchanged. If registered shareholders have any questions or wish to receive an updated DRS statement or share certificate, they can contact the Company's transfer agent, Odyssey Trust by calling toll free 1 (587) 885-0960, or by email at shareholders@odysseytrust.com or by visiting www.odysseycontact.com .
"We are extremely excited to take this final step in repositioning our brand as "STEER" and get all final approvals to start trading under the updated symbol. We feel the new name and logo truly encapsulate the entirety of STEER's value proposition as a means to steer the world towards eco-friendliness and social responsibility in a nimble and agile manner. Market response and acceptance of the new name and logo have been positive since the launch of the rebranding campaign, and we believe that the strong new brand we are creating will continue to drive growth and steer us to be a global leader of on-demand and subscription-based mobility services," said Suman Pushparajah, CEO of the Company.
About the Company
STEER is an integrated ESG technology platform that moves people and delivers things through subscription and on-demand services. The Company's goal is to build a one-of-a-kind system that aggregates conscientious users, through a series of connected offerings, and enables them to buy, sell, or invest with the same platform, STEER. The Company's offerings generally fall into two categories: subscription-based offerings led by its flagship electric vehicle subscription business, STEER EV, and on-demand services incorporating delivery, B2B marketplace, Delivery-as-a-Service (DaaS) and rideshare businesses. The Company's platform is also powered by EcoCRED, its big data, analytics and machine learning engine which seeks to capture, analyze, parse and report on key data points in ways that measure the Company's impact on carbon reductions and offsets.
For more about the Company, visit www.steeresg.com .
Suman Pushparajah, CEO
suman@steeresg.com
STEER
100 Consilium Pl, Unit 400
Scarborough, ON
Canada M1H 3E3
www.steeresg.com
Forward-Looking Information
Certain information in this press release contains forward-looking information, including with respect to the Company's business, operations and condition, management's objectives, strategies, beliefs and intentions, and the company's forward plans to scale up its electric vehicle fleet. This information is based on management's reasonable assumptions and beliefs in light of the information currently available to us and are made as of the date of this press release. Actual results and the timing of events (for example, the success of the Company's rebranding campaigns with its new name) may differ materially from those anticipated in the forward-looking information as a result of various factors. Information regarding our expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information. Statements containing forward-looking information are not facts but instead represent management's expectations, estimates and projections regarding future events or circumstances. Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements.
See "Forward-Looking Information" and "Risk Factors" in the Company's Annual Management Discussion & Analysis (MD&A) for the year ended December 31, 2021 (filed on SEDAR on May 2, 2022) and its interim MD&A for the periods ended March 31, 2022 (filed on SEDAR on May 30, 2022) and June 30, 2022 (filed on SEDAR on August 29, 2022) for a discussion of the uncertainties, risks and assumptions associated with these statements and other risks. Readers are urged to consider the uncertainties, risks and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information. We have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities legislation and regulatory requirements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20221005005331/en/
Company: Maria Verbytska, investor@steeresg.com
Media: Sana Srithas, sana@steeresg.com , Tel: 1-888-300-2228
News Provided by Business Wire via QuoteMedia
6 US Biofuel Stocks
The global biofuels market was valued at US$120.6 billion in 2020 and is anticipated to reach US$201.21 billion in 2030. Despite previous dips, the outlook for the biofuels industry and US biofuel stocks is positive.
The driving forces behind rising demand for biofuels include a growing need for alternatives to gasoline in road transportation, and government mandates to blend automotive fuels with biofuels.
In 2021, the US was the largest biofuels-producing country. Midway through the year, the country’s Department of Energy (DOE) announced close to US$34 million in funding for 11 research and development projects aimed at improving and producing biofuels, biopower and bioproducts. A year later, the DOE launched a US$59 million funding initiative to support the scale-up of integrated biorefineries and greenhouse gas reduction in ethanol production for renewable diesel, aviation, marine and rail fuels.
What’s more, there are ongoing cleantech innovations that could move the needle forward, such as drop-in biofuels, the use of enzymes to boost bioprocessing and the use of agricultural waste products as fuel.
With the biofuels opportunity in mind, the Investing News Network has used TradingView’s stock screener to compile a list of US biofuel stocks with market caps under US$2 billion. The companies are listed in alphabetical order, and all figures were current as of market close on August 18, 2022.
1. Aemetis (NASDAQ:AMTX)
Market cap: US$348.95 million; current share price: US$10.09
Aemetis is an advanced renewable fuels and biochemicals company. It produces advanced fuels and chemicals by acquiring, developing and commercializing technologies that can replace “traditional” petroleum-based products through the conversion of first-generation ethanol and biodiesel plants into biorefineries.
The company owns and operates a 60 million gallon per year ethanol and animal feed production facility in California. In addition, Aemetis owns and operates a 50 million gallon per year integrated fuels and chemical production facility on the east coast of India. The firm produces distilled biodiesel and refined glycerin for customers in Europe and Asia at that location.
2. Alto Ingredients (NASDAQ:ALTO)
Market cap: US$388.34 million; current share price: US$5.23
With headquarters in Sacramento, California, Alto Ingredients is a producer of industrial and beverage alcohols, premium feed and food products, as well as low-carbon renewable fuel in the form of ethanol.
Alto has seven distilleries across the states of Illinois, Idaho, Oregon and California. These facilities are capable of producing ethanol co-products, including wet and dry distillers grains, wet and dry corn gluten feed, corn condensed distillers solubles, corn gluten meal, corn germ, corn oil and distillers yeast.
3. Comstock (NYSE:LODE)
Market cap: US$47.02 million; current share price: US$0.59
Next on this US biofuel stocks list is Comstock, which owns a portfolio of patented and proprietary process technologies designed to convert woody biomass feedstocks into cellulosic ethanol. These technologies are also capable of producing co-products, including renewable diesel and crystalline graphite.
The company recently announced it is targeting commercial-scale, first-generation ethanol production facilities for upgrades using its cellulosic ethanol production technology. “Our goal is to accelerate the commercialization of decarbonizing technologies,” said Executive Chairman and CEO Corrado De Gasperis. “We are ready to enable dramatic improvements in GHG reductions and ethanol profitability today, with existing corn-based producers.”
4. FutureFuel (NYSE:FF)
Market cap: US$328.22 million; current share price: US$7.50
FutureFuel is a developer and producer of diversified chemical products, specialty organic chemicals, premium biodiesel and other biofuels, such as ethanol and biomass solids.
FutureFuel launched its biofuels product platform in 2005, and has a current biodiesel production capacity of 59 million gallons per year. In 2021, it declared a special cash dividend for its investors.
5. Gevo (NASDAQ:GEVO)
Market cap: US$814.85 million; current share price: US$3.46
Gevo is a renewable chemicals and next-generation biofuels company. Its integrated fermentation technology platform, GIFT, was designed to produce low-cost renewable isobutanol, and it is comprised of two key elements: biocatalysts and a proprietary separation unit that removes isobutanol from a fermentation broth.
With headquarters in Colorado, Govo produces isobutanol, ethanol and high-value animal feed at its fermentation plant in Minnesota. Over in Texas, Gevo operates a biorefinery that converts alcohols into products that range from renewable jet fuel to octane and even ingredients for plastics.
6. REX American Resources (NYSE:REX)
Market cap: US$594.8 million; current share price: US$33.30
The last US biofuel stock is REX American Resources, a company that has interests in six ethanol production facilities. Through those facilities, it shipped 700 million gallons of ethanol over the 12 month period ended on April 30, 2022.
The company’s investment interests include One Earth Energy, NuGen Energy and Big River Resources.
What is biofuel?
Biofuel is a type of renewable energy derived from living material known as biomass. Biomass includes algae, as well as plant and animal waste, and examples of biofuels are ethanol, biodiesel, green diesel and biogas. Biofuels can be solid, liquid or gaseous.
How are biofuels produced?
Depending on the type of biomass being used, biofuels can be produced in a variety ways.
The typical processes include chemical reactions, dry milling, fermentation and heat to break down starches, sugars and other molecules. The resulting products are then refined to produce the end-product fuel.
What is ethanol made of?
Ethanol can be produced from corn, as is common in the US. In Brazil, ethanol is produced from sugarcane.
This is an updated version of an article originally published by the Investing News Network in 2017.
Don’t forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
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