GenCell Announces Achievement of Significant Progress in the Development of an Innovative Process for the Synthesis of Green Ammonia
PETAH TIKVA, Israel, Nov. 20, 2023 /PRNewswire/ -- GenCell Ltd., (TASE: GNCL), the leading provider of hydrogen and ammonia to power solutions, in continuation from the Company's Immediate Releases dated February 23, 2021 and February 28, 2022 regarding its achievement of a significant scientific breakthrough in its innovative green ammonia synthesis development project and the announcement by TDK Corporation of its intention to exercise its right to continue to invest in the project, the Company today announces that the Company has made additional significant progress in the development process which has exceeded the initial expectations of the Company. GenCell's novel process synthesizes green ammonia directly from water at very low temperature and pressure in comparison to the traditional green ammonia production processes commonly carried out today around the world.
- Moreover, this breakthrough technology will increase the availability of green ammonia for the traditional ammonia consumption market sectors with which we are familiar, namely energy, agriculture, maritime, aviation and semiconductors.
- GenCell's novel process synthesizes green ammonia directly from water at very low temperature and pressure in comparison to the traditional green ammonia production processes commonly carried out today around the world.
- The Company is proud to announce that the Company in its laboratory has achieved experimental results demonstrating faradaic efficiency of 50% in its green ammonia production process.
- These results can be compared with faradaic efficiency of some 25% achieved when using the traditional method of green ammonia production .