delerious1
3日前
Biden eases rules for hydrogen tax credits in bid to boost sector ahead of Trump
Jan. 03, 2025 10:52 AM ETConstellation Energy Corporation (CEG) Stock, VST StockFCEL, LEU, PLUG, NLR, LTBR, URA, URNM, SMR, OKLO, NNEBy: Carl Surran, SA News Editor
The Biden administration loosened some safeguards on a tax credit worth billions of dollars for production of so-called clean hydrogen, Bloomberg reported Friday.
The tax credit created by the Inflation Reduction Act, President Biden's 2022 climate law, now includes a carve-out sought by companies including Constellation Energy (NASDAQ:CEG) and Vistra (NYSE:VST) that will benefit some existing nuclear power plants, according to final rules released by the Treasury Department; CEG +3.5% and VST +6.6%.
The rules also provide pathways for hydrogen made from natural gas with carbon capture systems, methane and renewable natural gas to receive the tax credit, helping lift shares of Plug Power (PLUG) and FuelCell Energy (FCEL), +1.5% and +10.9%, respectively.
Other potentially relevant stocks showing gains include Nuscale Power (SMR) +10.7%, Lightbridge (LTBR) +15.5%, Oklo (OKLO) +16.6%, Centrus Energy (LEU) +6.9%, Nano Nuclear Energy (NNE) +6.3%.
The new rules say that up to 200 MW of a reactor's power generation capacity can be considered new clean power and collect the credits, if they were otherwise at risk of shutting down due to poor economics.
The rules also allow natural gas-fired facilities that produce hydrogen to access the credits if they install equipment to capture and bury their carbon dioxide emissions.
It is unclear how the incoming Trump administration will approach hydrogen production.
delerious1
3週前
NEWS...CSE: ?HG ....OTCQB: HGRAFHydroGraph Announces Closing of Its Oversubscribed $3.8M Private Placement
Not for distribution to U.S. newswire services or dissemination in the United States.
All dollar amounts are in Canadian dollars unless otherwise indicated?.
VANCOUVER, British Columbia, Dec. 13, 2024 (GLOBE NEWSWIRE) -- HydroGraph Clean Power Inc. ( CSE: ?HG ) ( OTCQB: HGRAF ) (the “ Company ” or “ HydroGraph ”) is pleased to announce the closing of its previously announced non-brokered private placement (the “ Offering ”). Pursuant to the upsized and subsequently oversubscribed Offering, HydroGraph issued an aggregate of 23,930,003 units of the Company (the “ Units ”) at a price of $0.16 per Unit for aggregate gross proceeds of $3,828,800.
Net proceeds from the Offering will be used to further commercial activity for the Company’s differentiated graphene products via application development at the GEIC (Graphene Engineering Innovation Center) and other direct customer relationships, production upscaling, business development and general working capital purposes.
?“I would like to thank our existing shareholders, notably Haywood Securities Inc and PowerOne Capital Markets Limited for their continued support, and welcome new shareholders as we close on this oversubscribed financing in support of our patented graphene production technology,” commented Kjirstin Breure, President and CEO. “I envision a sustainable future built on our graphene and look forward to advancing HydroGraph’s application development, scale up and commercialization initiatives as we head into 2025.”
Each Unit consists of one common share in the capital of the Company (each, a “ Common Share ”) and one-half of one Common Share purchase warrant of the Company (each whole warrant, a “ Warrant ”). Each Warrant entitles the holder thereof to purchase one Common Share (each a “ Warrant Share ”) at a price of $0.24 per Warrant Share for a period of 36 months after the closing date of the Offering (the “ Closing Date ”).
In connection with the Offering, the Company paid cash finders’ fees to certain finders (the “ Finders ”) equal to 7% of the gross ?proceeds raised by each Finder, and issued to Finders an aggregate of 1,113,350 finder warrants (each, a “ Finder Warrant ”), representing ??7% of the aggregate number of Units sold to purchasers introduced to the Company by such ?Finders.? Each finder Warrant entitles the holder thereof to acquire one finder unit (the “ Finder ??Units ”) at a ?price of $0.16 for a period of 36 months from the Closing Date. Each Finder Unit will ?consist of one Common ?Share and one half of one common share purchase warrant (each ?whole warrant, a “ Finder Unit ?Warrant ”), and each Finder Unit Warrant will be exercisable to ?purchase an additional Common ?Share at a price of $0.24 per Common Share for a period of ?36 months from the Closing Date.? PowerOne Capital Markets Limited and Haywood Securities Inc. acted as Finders in connection with a portion of the Offering.
?All securities issued in connection with the Offering are subject to a hold period of four ???months and one day from December 12, 2024.?
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “ 1933 Act ”), or any state securities laws and may not be offered or sold in the “United States” or to “U.S. persons” (as such terms are defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
About HydroGraph
HydroGraph Clean Power Inc is a leading producer of pristine graphene using an “explosion synthesis” process, which allows for exceptional purity, low energy use and identical batches. The quality, performance and consistency of HydroGraph’s graphene follows the Graphene Council’s Verified Graphene Producer® standards, of which very few graphene producers are able to meet. For more information or to learn about the HydroGraph story, visit: https://hydrograph.com/
For company updates, please follow HydroGraph on LinkedIn and X.
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
delerious1
1月前
CSE: HG OTCQB..HGRAF HydroGraph Announces Upsize of Private Placement to $3.5 Million
C.HG | 1 hour ago
Not for distribution to U.S. newswire services or dissemination in the United States.
All dollar amounts are in Canadian dollars unless otherwise indicated?.
VANCOUVER, British Columbia, Dec. 06, 2024 (GLOBE NEWSWIRE) -- HydroGraph Clean Power Inc. (CSE: ?HG) (OTCQB: HGRAF) (the “Company” or “HydroGraph”), a commercial manufacturer of high-?quality graphene and other nanomaterials, is pleased to announce that, due to strong investor demand, it has increased the size ?of its non-brokered private placement of units (the “Units”), previously announced on November 26, 2024 (the “Offering”). Pursuant to the upsized Offering, the Company will raise aggregate gross proceeds of up to $3,500,000 at a price of $0.16 per Unit.
“HydroGraph is pleased to announce this upsize based off strong shareholder support, which will allow us to significantly expedite our path to market. With this additional capital, we will fund further application development at the GEIC, expand our production capabilities and accelerate our commercial programs” commented Kjirstin Breure, Chief Executive Officer.
Each Unit will consist of one common share in the capital of the Company (each, a “Common Share”) and one-half of one Common Share purchase warrant of the Company (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Common Share (each a “Warrant Share”) at a price of $0.24 per Warrant Share for a period of 36 months after the closing date of the Offering.
Net proceeds from the Offering will be used for furthering commercialization via application development at the GEIC (Graphene Engineering Innovation Center) driven by customer interest, production upscaling, business development and general working capital purposes. The Company may pay certain finders a fee in connection with the sale of Units to purchasers introduced to the Company by such finders. The Company reserves the right to increase the size of the Offering by up to 30% in the context of the market.
The Offering is expected to close on or about December 11th, 2024, or in any other date or dates as the Company may determine. Closing of the Offering is subject to receipt of all regulatory approvals. The Units issued under the Offering, and the underlying securities, will be subject to ?certain resale restrictions such as a hold period of four months and a day from the closing date.
Insiders may participate in the Offering and the participation of insiders will be considered a related party transaction subject to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under subsections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that participation in the Offering by insiders will not exceed 25% of the Company’s market capitalization.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws and may not be offered or sold in the “United States” or to “U.S. persons” (as such terms are defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
About HydroGraph
HydroGraph Clean Power Inc is a leading producer of pristine graphene using an “explosion synthesis” process, which allows for exceptional purity, low energy use and identical batches. The quality, performance and consistency of HydroGraph’s graphene follows the Graphene Council’s Verified Graphene Producer® standards, of which very few graphene producers are able to meet. For more information or to learn about the HydroGraph story, visit: https://hydrograph.com/
For company updates, please follow HydroGraph on LinkedIn and X.
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
HydroGraph Investor Relations
Matt Kreps
Darrow Associates
mkreps@darrowir.com
Kjirstin Breure, President and CEO
kjirstin.breure@hydrograph.com
480-267-2556
HydroGraph Media Contact
Raven Carpenter
hydrograph@fox.agency
delerious1
1月前
NEWS: CSE: HG ...OTCQB: HGRAF...HydroGraph Announces $2 Million Private Placement
All dollar amounts are in Canadian dollars unless otherwise indicated.
VANCOUVER, British Columbia, Nov. 26, 2024 (GLOBE NEWSWIRE) -- HydroGraph Clean Power Inc. ( CSE: ?HG ) ( OTCQB: HGRAF ) (the “ Company ” or “ HydroGraph ”), a commercial manufacturer of high-?quality graphene and other nanomaterials, ?is pleased to announce that it intends to complete a non-brokered private placement of units of the Company (the “ Units ”), at a price of $0.16 per Unit, for aggregate gross proceeds of up to $2,000,000 (the “ Offering ”).
Each Unit will consist of one common share in the capital of the Company (each, a “ Common Share ”) and one-half of one Common Share purchase warrant of the Company (each whole warrant, a “ Warrant ”). Each Warrant will entitle the holder thereof to purchase one Common Share (each a “ Warrant Share ”) at a price of $0.24 per Warrant Share for a period of 36 months after the closing date of the Offering.
“Building off our strong commercial traction across multiple industries this investment will expedite the adoption of graphene solutions, driving value for our customers and stakeholders alike.” said CEO Kjirstin Breure, “The momentum we have generated this year alone serves as a very positive indication that we are nearing an inflection point which will further drive our commercial efforts.”
Net proceeds from the Offering will be used for furthering commercialization via application development at the GEIC (Graphene Engineering Innovation Center) driven by customer interest, production upscaling, business development and general working capital purposes. The Company may pay certain finders a fee in connection with the sale of Units to purchasers introduced to the Company by such finders. The Company reserves the right to increase the size of the Offering by up to 30% in the context of the market.
The Offering is expected to close on or about December 6th, 2024, or in any other date or dates as the Company may determine. Closing of the Offering is subject to receipt of all regulatory approvals. The Units issued under the Offering, and the underlying securities, will be subject to ?certain resale restrictions such as a hold period of four months and a day from the closing date.
Insiders may participate in the Offering and the participation of insiders will be considered a related party transaction subject to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“ MI 61-101 ”). The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under subsections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that participation in the Offering by insiders will not exceed 25% of the Company’s market capitalization.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “ 1933 Act ”), or any state securities laws and may not be offered or sold in the “United States” or to “U.S. persons” (as such terms are defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
About HydroGraph
HydroGraph Clean Power Inc is a leading producer of pristine graphene using an “explosion synthesis” process, which allows for exceptional purity, low energy use and identical batches. The quality, performance and consistency of Hydrograph’s graphene follows the Graphene Council’s Verified Graphene Producer® standards, of which very few graphene producers are able to meet. For more information or to learn about the HydroGraph story, visit: https://hydrograph.com/
For company updates, please follow HydroGraph on LinkedIn and Twitter .
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
HydroGraph Investor Relations
Matt Kreps
Darrow Associates
mkreps@darrowir.com
delerious1
2月前
NEWS: CSE: HG OTCQB: HGRAFHydroGraph Announces Two Strategic Partnerships To Drive Innovation
New Partnerships To Advance Breakthroughs In Battery Materials
TORONTO, Nov. 21, 2024 (GLOBE NEWSWIRE) -- HydroGraph Clean Power Inc. (CSE: HG) (OTCQB: HGRAF) (FRA: M98) (the “Company” or “HydroGraph”), a sustainable commercial manufacturer of pristine graphene, announced today two new collaborations in battery materials with Volfpack Energy and NEI Corporation .
NEI Corporation Partnership
HydroGraph’s new collaboration with NEI Corporation, signed on November 18, 2024, an established supplier of specialty materials to the battery industry, will focus on accelerating the development and commercialization of advanced graphene-enhanced battery materials.
NEI Corporation brings extensive experience in working with product developers and research teams through every phase, from initial R&D through to production scale-up. The partnership will feature co-branded products, combining both companies' technological expertise and market presence to accelerate adoption of graphene additives in the battery industry.
This agreement positions NEI as a key channel partner for HydroGraph's graphene materials in the battery market, including graphene-enhanced electrodes and dispersions. The partnership aims to develop innovative materials and products for applications such as lithium-ion and lithium-silicon batteries.
“This collaboration leverages HydroGraph’s proprietary fractal graphene technology alongside NEI’s expertise in battery materials, to address the rising demand for advanced solutions that enhance battery performance and drive next-generation energy storage,” said Kjirstin Breure, president and CEO of HydroGraph.
“Together we are enabling the global distribution of advanced graphene battery materials to research institutions and product developers, highlighting our shared commitment to delivering high-performance, sustainable energy solutions worldwide,” said Kjirstin Breure, CEO of Hydrograph.
Volfpack Energy Partnership
The partnership with Volfpack Energy, signed on November 18, 2024, a hardware company focused on using supercapacitor technology to increase the adoption of renewable energy, will focus on creating next-generation supercapacitors, utilizing HydroGraph's fractal graphene technology (FGA-1).
Initial testing demonstrated that supercapacitors enhanced with HydroGraph’s fractal graphene deliver a remarkable 4x increase in capacitance, compared to standard versions. These enhanced supercapacitors are designed to meet the demands of rapidly growing markets, including Internet of Things (IoT) devices, energy harvesting applications, wearable technology, and solar energy systems.
“Advancing the performance of energy storage devices remains a vital growth focus for HydroGraph. This partnership combines our cutting-edge graphene technology with Volfpack Energy’s expertise in supercapacitor development and manufacturing,” said Breure. “Together, we’re able to deliver groundbreaking energy solutions that meet the evolving needs of the market”.
The development roadmap for the supercapacitors includes lab-scale production set for Q1 2025, followed by pilot-scale production later in the year. Global availability of the product is anticipated soon after.
For more information about HydroGraph, please visit www.hydrograph.com
ABOUT HYDROGRAPH CLEAN POWER INC.
HydroGraph Clean Power Inc is a leading producer of pristine graphene using an “explosion synthesis” process, which allows for exceptional purity, low energy use and identical batches. The quality, performance and consistency of HydroGraph’s graphene follows the Graphene Council’s Verified Graphene Producer® standards, of which very few graphene producers are able to meet. For more information or to learn about the HydroGraph story, visit: https://hydrograph.com/ .
For company updates, please follow HydroGraph on LinkedIn and X .
delerious1
2月前
HydroGraph Receives Purchase Order For Four Novel Graphenes From Global Automotive Customer
Commercial Expansion Prompts HydroGraph To Appoint Darrow Associates For Investor Relations
TORONTO, Nov. 20, 2024 (GLOBE NEWSWIRE) -- HydroGraph Clean Power Inc. (CSE: HG) (OTCQB: HGRAF) (FRA: M98) (the “Company” or “HydroGraph”), a sustainable commercial manufacturer of pristine graphene, announced today that it has received a purchase order from a major global automotive company for research quantities of four additional graphene products. The purchase order includes both pristine functionalizations and completely novel formulations produced by HydroGraph’s patented explosion synthesis process.
The new purchase order, dated on November 18 and received by HydroGraph on November 19, is an expansion of the ongoing automotive composite improvement program which began with the customer earlier in 2024, adding new graphene projects in advanced manufacturing applications.
“These projects represent the type of high-value advanced materials applications feasible only with HydroGraph’s exceptionally pure and precision-engineered graphene products. We are excited to expand our work with this global automotive customer based on the quality of our nanomaterials designed to the meet the multi-functional specifications required in these programs,” said Kjirstin Breure, president and CEO of HydroGraph.
Automotive manufacturers represent a vast and scalable market opportunity for the Company, with the global automotive composites market projected to expand at a CAGR of 12.1% between 2023 and 2033, totaling around USD 26.1 billion by 2033. i HydroGraph’s patented explosion synthesis process, combined with its ability to engineer bespoke graphene products, positions the Company as a strategic supplier in this market.
Appointment of Darrow Associates for Investor Relations
The Company’s continued development and commercial advancement has led the Company to enter into an agreement (“Agreement”) with Darrow Associates (“Darrow” or the “agency”) to provide the Company with investor relations services.
Darrow Associates is an investor relations and financial communications firm with coverage throughout the United States. The firm was established in New York in 2005 and since that time has added to its professional staff to become one of the largest and most trusted IR consulting firms for middle market companies. Darrow Associates professionals have significant experience in partnering with public and pre-IPO companies in the technology, media and telecommunications (TMT), business services, alternative energy, clean technology, healthcare/medtech, financial services, industrial, and aerospace and defense industries. Additional information is available at www.darrowir.com.
Pursuant to the agreement with Darrow, the agency will provide investor relations services to the Company in exchange for a monthly fee of USD $9,000. The services include developing and managing an investor relations program, including company messaging, capital markets advisory and stakeholder relations. The agreement renews annually by mutual agreement and is cancellable on 60-day notice. The Company is at arm’s length from Darrow, and compensation payable to Darrow does not include any securities in the Company nor does Darrow currently own, directly or indirectly, any securities in the Company or any right or intent to acquire any securities in the Company. Darrow contact information: Jordan Darrow, Principal and Founder, Austin, TX, jdarrow @May-551-9296.
ABOUT HYDROGRAPH CLEAN POWER INC.
HydroGraph Clean Power Inc is a leading producer of pristine graphene using an “explosion synthesis” process, which allows for exceptional purity, low energy use and identical batches. The quality, performance and consistency of HydroGraph’s graphene follows the Graphene Council’s Verified Graphene Producer® standards, of which very few graphene producers are able to meet.
For more information about HydroGraph, please visit www.hydrograph.com . For company updates, please follow HydroGraph on LinkedIn and X .
Forward-Looking Statements
This release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “upon” “anticipate”, “believe”, “continue”, “plans” or similar terminology.
Forward-looking statements and information include, but are not limited to: statements in respect of the Private Placement, the use of the net proceeds from the Private Placement, the timing and ability of the Company to close the Private Placement, if at all, the gross proceeds of the Private Placement, the timing and ability of the Company to obtain all necessary regulatory approvals, if at all, and the terms and jurisdictions of the Private Placement; the statements in regards to existing and future products of the Company; the Company’s future personnel appointments; the Company’s plans and strategies.
Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of HydroGraph to control or predict, that may cause HydroGraph’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: HydroGraph’s ability to implement its business strategies; risks associated with general economic conditions; adverse industry events; stakeholder engagement; marketing and transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and other risks. HydroGraph does not undertake any obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available.
No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements.
CONTACTS
HydroGraph Investor Relations
Matt Kreps, Darrow Associates IR
mkreps@darrowir.com
214-597-8200
Kjirstin Breure, President and CEO
kjirstin.breure@hydrograph.com
delerious1
2月前
CSE: HG OTCQB: HGRAF HydroGraph Confirms Appointment Of Kjirstin Breure As Chief Executive Officer
Appointment Solidifies HydroGraph’s Leadership And Strategic Growth
TORONTO, Nov. 14, 2024 (GLOBE NEWSWIRE) -- HydroGraph Clean Power Inc. (CSE: HG) (OTCQB: HGRAF) (FRA: M98) (the “Company” or “HydroGraph”), a sustainable commercial manufacturer of pristine graphene, is pleased to announce the appointment of Kjirstin Breure as chief executive officer (CEO) of the company. Breure has been an integral part of the company's leadership, serving as board director and president of the company since January 2022, and as interim CEO since March 2024.
Breure will continue to be responsible for overseeing HydroGraph’s long-term strategy and operational initiatives, collaborating closely with the executive team and board of directors to align HydroGraph’s goals with evolving market needs. Breure is focused on driving value to shareholders and is committed to continuing to foster a company culture of innovation and creativity.
Commenting on her appointment, David Williams, chairman of HydroGraph’s board of directors said, “On behalf of the board I would like to thank Kjirstin for the work she has done for Hydrograph to date. Since stepping into the interim CEO role in March, the board has been impressed with her strategic vision, leadership and commercial focus. In the short time since taking over the interim CEO role, Kjirstin has made a strong impact on driving forward our application development, scientific programs, and building a deep commercial pipeline that will lead to significant graphene sales.”
“Building this company has been my singular focus for the past five years. With a brilliant team at my side, I look forward to breaking new ground within advanced materials and to creating billions of dollars in value for our shareholders,” Breure said.
“I want to express gratitude to the board and to my team for supporting the formalization of this role as well as the trust they have placed in me and my strategy. The vision I have for HydroGraph has never been clearer.”
The announcement comes during a period of significant innovation and growth at HydroGraph, including the appointment of Tom Eldridge as director of business development last month, and HydroGraph’s recent announcement of its breakthrough in PET research .
“The board congratulates Kjirstin on this appointment and looks forward to supporting her as she leads the company through the next phase of its corporate and strategic development and making Hydrograph a world leading graphene producer that will deliver long term growth and value for shareholders,” Williams said.
For more information about HydroGraph, please visit www.hydrograph.com.
ENDS
ABOUT HYDROGRAPH CLEAN POWER INC.
HydroGraph Clean Power Inc is a leading producer of pristine graphene using an “explosion synthesis” process, which allows for exceptional purity, low energy use and identical batches. The quality, performance and consistency of HydroGraph’s graphene follows the Graphene Council’s Verified Graphene Producer® standards, of which very few graphene producers are able to meet. For more information or to learn about the HydroGraph story, visit: https://hydrograph.com/ .
For company updates, please follow HydroGraph on LinkedIn and X .
delerious1
2月前
NEWS: (CSE: HG) (OTCQB: HGRAF) (FRA: M98) HydroGraph Achieves Breakthrough in Sustainable Plastic Packaging Research
Fractal graphene significantly enhances the performance and sustainability of plastic packaging
November 07, 2024 07:30 ET
| Source: Hydrograph Clean Power Inc.
TORONTO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- HydroGraph Clean Power Inc. (CSE: HG) (OTCQB: HGRAF) (FRA: M98) (the “Company” or “HydroGraph”), a leader in sustainable commercial manufacturer of graphene, today announced a technological advancement which hopes to revolutionize across various sectors.
As the global polyethylene terephthalate (PET) packaging industry faces unprecedented regulatory pressure to reduce virgin plastic consumption, HydroGraph discovers that its Fractal Graphene powder (FGA-1) dramatically improves the performance and sustainability of PET bottles.
"These performance gains in PET arrive at a critical moment for the packaging industry," said Kjirstin Breure, interim CEO and president at HydroGraph. "As manufacturers struggle with the challenge of increasing recycled content while managing costs and maintaining performance, our technology offers a solution that addresses these needs simultaneously. By enabling significant material reduction while improving performance with recycled content, we're helping the industry meet environmental mandates without compromising product competitiveness."
Resulting from tests conducted at the Graphene Engineering Innovation Centre (GEIC), HydroGraph demonstrated that its FGA-1 enhances the performance of PET bottles at an ultra-low loading of just 0.006 wt-% of graphene added, which could lead to lightweighting and an overall reduction in plastic use. When applied to a 50:50 blend of virgin PET and rPET, the technology delivers:
23% improvement in top-load compressive strength
Potential weight reduction of approximately 20%
83% decrease in water vapor transmission rate
According to Mordor Intelligence, The PET bottle industry, which produces more than 500 billion bottles annually (25 million tons of PET), has faced mounting challenges from extended producer responsibility (EPR) legislation worldwide.
The EU Directive 2019/904 on single-use plastics mandates that PET beverage bottles must contain at least 25% recycled content by 2025 and 30% by 2030.
The UK Plastic Packaging Tax imposes fees on packaging with less than 30% recycled content.
In California, Assembly Bill 793 requires that beverage bottles contain a postconsumer recycled content of 15%, increasing to 25% in 2025 and 50% in 2030.
Multiple other US states, including Washington, New Jersey, and Maine, have implemented or announced recycled content mandates.
Canada's Zero Plastic Waste Agenda targets 50% recycled content by 2030.
Global legislation is increasingly demanding higher recycled content in plastic packaging, posing significant challenges for manufacturers. Recycled PET (rPET) can cost 20-30% more than virgin PET, and global rPET supply can only partially meet current demand.
“Manufacturers are at a crossroad when it comes to the development of plastic packaging,” said Breure. “Given previous success we’ve seen with our graphene technology, we responded to the mounting pressure for increased sustainability and lightweighting by researching ways fractal graphene can benefit the material. We’re proud of what we’ve accomplished so far, and we’re excited to see what other breakthroughs are on the horizon as we continue our extensive research of nanomaterial technology.”
Based on current global PET bottle production, adoption of this FGA-1 technology could achieve a potential reduction of 5 million tonnes of plastic usage annually (20% of current consumption). In an ideal scenario where FGA-1 technology is fully commercialized with PET:rPET blends of 50:50, the emissions reduction from using 20% less overall PET in bottles could represent a reduction of more than 8 million tonnes of CO2.
HydroGraph remains committed to pioneering sustainable solutions and looks forward to further advancements in nanomaterial technology. For more information about HydroGraph's sustainable packaging solutions, visit www.hydrograph.com.
ABOUT HYDROGRAPH CLEAN POWER INC.
HydroGraph Clean Power Inc is a leading producer of pristine graphene using an “explosion synthesis” process, which allows for exceptional purity, low energy use and identical batches. The quality, performance and consistency of HydroGraph’s graphene follows the Graphene Council’s Verified Graphene Producer® standards, of which very few graphene producers are able to meet. For more information or to learn about the HydroGraph story, visit: https://hydrograph.com/.
For company updates, please follow HydroGraph on LinkedIn and X.
https://www.globenewswire.com/news-release/2024/11/07/2976566/0/en/HydroGraph-Achieves-Breakthrough-in-Sustainable-Plastic-Packaging-Research.html
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