Intrepid and NFuel Technologies sign Collaboration Agreement to promote and deliver turnkey small-scale ammonia plants in Canada

Intrepid Group Ltd. and NFuel Technologies Ltd. sign Collaboration Agreement

Calgary, Alberta (January 13th, 2020)Intrepid Group Ltd., a Western Canadian organization headquartered in Calgary, Alberta, has concluded a collaboration agreement with Calgary based NFuel Technologies Ltd., a wholly owned subsidiary of Proton Ventures BV of The Netherlands. This strategic collaboration leverages the strong industry experience, deep technical and project delivery expertise of both organizations and is designed to promote and deliver de-centralized small-scale ammonia production projects, potentially combined with local storage of the product.

“The synergies of this collaboration will greatly benefit both current and future customers”, says Campbell Adams, Chief Executive Officer, Intrepid Group. “We are very excited to have NFuel Technologies as a partner; their ability to design and deliver turnkey small-scale ammonia plants is world class and complements Intrepid Group’s growing business lines and geographic territories. We are looking forward to working with NFuel Technologies to deliver turnkey ammonia projects.”

“We are delighted by the partnership.”, says Hans Vrijenhoef, Director, NFuel Technologies. “Having the right partner is critical to success and the Intrepid Group shall be a dynamic, innovative and customer centric business partner for NFuel.”

About Intrepid Group Ltd.

Intrepid Group Ltd. is a Calgary head-quartered organization offering world class products, solutions and services throughout Western Canada. For more information visit: https://intrepid-group.ca/

About NFuel Technologies Ltd.

NFUEL Technologies Ltd. is a subsidiary of Proton Ventures. Proton Ventures is a technology company that is working to make the global energy transition a reality. The company specializes in ammonia related technologies and products, including storage concepts for chemical and liquid energy carriers. Proton Ventures designs and builds pressurized and cooled ammonia storage facilities, as well as small scale ammonia production facilities called NFuel units. For more information visit: https://protonventures.com