Business
Corporate Update on Minnova Renewable Energy and Proposed PL Gold Mine Advanced Exploration and Development Program
Toronto, Ontario--(Newsfile Corp. - July 14, 2023) - Minnova Corp. (TSXV: MCI) (OTC Pink: AGRDF) ...
About this update from Minnova Corp.
[{"type":"text","content":"Corporate Update on Minnova Renewable Energy and Proposed PL Gold Mine Advanced Exploration and Development ProgramToronto, Ontario--(Newsfile Corp. - July 14, 2023) - Minnova Corp. (TSXV: MCI) (OTC Pink: AGRDF) (\"Minnova\" or the \"Company\") is pleased to provide a corporate update on both our Minnova Renewable Energy (\"MRE\") strategy and corporate developments at our wholly owned PL Gold Mine.Minnova Renewable EnergyFlin Flon Clean Energy Hub (FFCEH)Following the announcement of MRE and the City of Flin Flon entering a non-binding memorandum of understanding (the \"MOU\") on March 29, 2023 the company conducted an extensive consultation process with industry (OEM's, technology providers and potential offtaker's), government, first nations and community. Based on the results of these discussions the Company is eager to advance our Flin Flon Clean Energy Hub (FFCEH) initiative and intends to engage a consulting engineering group with requisite experience in hydrolysis, syngas, processing, environmental and permitting (owners engineer) to complete a series of techno-economic trade off studies. The studies will analyse water electrolysis to produce green hydrogen at an initial minimum load of 20MW of low-cost grid hydropower supplied by Manitoba Hydro with potential to scale up to over 100MW.Initial green hydrogen production is forecast at 2,880 tonnes that could be directly processed to over 16,000 tonnes of renewable ammonia or over 20,000 tonnes of renewable methanol. The studies will also consider renewable diesel fuel and Sustainable Aviation Fuel (SAF) production.While green hydrogen is not an established market in Canada the markets for ammonia and methanol are, offering a ready market to supply renewable energy fuels for industries seeking to decarbonize. Renewable diesel can be a drop-in fuel to replace conventional fossil fuel derived diesel and SAF is gaining traction as a solution to reduce carbon emissions related to air travel. The regions large scale hydro power supply combined with abundant forest biomass supply and other development considerations, including; competitive utilities, skilled labor force, road and rail infrastructure and marine port access were key considerations in the site selection process.Swan River Biomass Gasification Pilot Plant Construction of our planned biomass gasification pilot plant ...