Subject: AmmPower Corp. Senior Management Visits Porto Central in Brazil to Discuss Next Steps on Port Project

2022 04 06

Details: Created: 06 April 2022

AmmPower Corp. Senior Management Visits Porto Central in Brazil to Discuss Next Steps on Port Project

AmmPower Corp. CEO Gary Benninger, and Maarten Mobach, President AmmPower Maritime, visit Porto Central in Brazil

TORONTO, ON / ACCESSWIRE / April 6, 2022 / (CSE:AMMP) (OTCQB:AMMPF) (FSE:601A) AmmPower Corp. (the "Company" or "AmmPower") is pleased to announce the completion of a successful business trip to Brazil, where senior management of the Company visited Porto Central, a new industrial port complex under development in Brazil, as well as several potential partners for the green ammonia facility at the site location of Porto Central.

Mr. Benninger and Mr. Mobach visited the site location of the port in the southern end of the State of Espírito Santo in the Municipality of Presidente Kennedy and met during the roadshow with business leaders connected to green energy suppliers, offtakers, local institutions and high-ranked government officials. Espírito Santo State has favorable conditions for the development of renewable energy projects and the potential to play an important role in the national and global production of green hydrogen and green ammonia, generating business opportunities in the state and in the country.

Mr. Benninger stated, "We would like to thank the team at Porto Central, headed by José Salomão Fadlalah, CEO, and supported by Jessica Chan, Commercial Manager, for ensuring a successful roadshow that will be key to the success of our project".

Porto Central is a multipurpose private industrial port complex that is under development in a strategic location at the center of the Brazilian east cost in the Southeast Region of Brazil. It consists of a total area of approximately 2,000 hectares or 4,900 acres. With up to 25 meters draft, Porto Central will be able to receive the largest and most modern ships in the world. In addition, when operational, Porto Central will be one of the most innovative ports and a major green energy hub, offering green hydrogen, along with green ammonia and green fertilizer production.

Mr. Mobach commented, "AmmPower's large-scale green ammonia and hydrogen facility plans to be powered by renewable energy sources, both wind and solar, for which conditions are favorable in the region around Porto Central. AmmPower's facility in Brazil would not only create carbon free fuel for shipping, offering to the market a global marine fuel bunkering station, but also facilitate the domestic demand of Brazil for green energy and global export of green energy."

500 fncls.ssp Figure 1. Gary Benninger, AmmPower CEO, and Maarten Mobach, President AmmPower Maritime, at the project site location, future home of Porto Central and AmmPower's planned green ammonia production facility.

During the trip, Mr. Benninger and Mr. Mobach participated in an event for the business community of Espírito Santo promoted by the Federation of Industries of Espírito Santo (FINDES) with the theme "Opportunities for Hydrogen and Green Ammonia in Espírito Santo together with Porto Central". The event was part of a movement to disseminate the theme, as green hydrogen and green ammonia emerge as one of the main paths for global decarbonization, mobilizing efforts by countries and companies to reduce greenhouse gas emissions and, consequently, the socio-environmental and economic impacts on the planet.

500 fncls.ssp02 Figure 2. Salomão Fadlalah, CEO Porto Central, Renan Chiepe, President Fetransportes - Federation of State Transport Companies, Cris Samorini, President FINDES - Federation of Industries of Espírito Santo, Gary Benninger, CEO AmmPower, and Maarten Mobach, President AmmPower Maritime.