PowerTap Hydrogen Capital Corp. (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF), an investment company, has provided an update on its investment in FusionOne Energy Corp. Earlier last year, MOTNF purchased 5% of the company, which is a producer of technologies primarily related to converting plastic waste to hydrogen and clean electricity. That conversion is completed by utilizing proprietary, patent-pending technologies featuring the thermal processing of plastics and other carbon matter into “white” hydrogen and electricity. According to the update, FusionOne is continuing its focus on commercializing its HydroPlas Reactor(TM), which is on schedule to have its first operational installation in the first half of this year. That initial reactor will be installed in Detroit, Michigan. While PowerTap remains focused on deployment of blue hydrogen production, the company recognizes that other forms of hydrogen production may be worth pursuing. “As we have been finalizing fabrication of the HydroPlas Reactor, we have actively engaged with hydrogen industry leaders, particularly in the U.S. and European hydrogen mobility sectors, to develop key relationships and identify additional sites for deployment of our reactor in strategically significant locations in support of efforts by global governments which are focused on combatting climate change,” said FusionOne CEO Elliott Talbott in the press release. “We at FusionOne see ourselves as a key component of these strategies and developing the infrastructure and hydrogen supply chain required to support these governments.”
To view the full press release, visit https://ibn.fm/lC6KO
About PowerTap Hydrogen Capital Corp.
PowerTap Hydrogen Capital Corp., through its wholly-owned subsidiary, PowerTap Hydrogen Fueling Corp. (“PowerTap”), is focused on installing hydrogen production and dispensing fueling infrastructure in the United States. PowerTap’s patented solution has been developed over 20 years. PowerTap is now commercializing its third-generation blue hydrogen product that will focus on the refueling needs of the automotive and long haul trucking markets that lack hydrogen fueling infrastructure. There are currently under 100 operational publicly available hydrogen stations in the United States with most of the existing stations purchasing industrial hydrogen from industrial manufacturers and shipping hydrogen to individual stations via tanker trucks. For more information about the company, please visit www.PowerTapCapital.com.
NOTE TO INVESTORS: The latest news and updates relating to MOTNF are available in the company’s newsroom at https://ibn.fm/MOTNF
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