- dynaCERT is at the beginning of a major upside move as the market has only started to price in the reality of the magnitude developing for its fuel saving and Carbon Emission Reduction Technology.
- dynaCERT holds the world wide patents on the means and methods of monitoring and monetizing carbon credits within emission reductions in diesel engines, dynaCERT holds this in 12 different verticals.
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That innovator is Aether Catalyst Solutions Inc. (CSE:ATHR,Forum), which has quietly been working for several years on a prototype for a catalytic converter that doesn’t use any precious metals. Designed and tested by an experienced crew with engineering and business success, the Company has gone from a promising design to a fourth-generation prototype that has already overcome many of the obstacles those behind them could not.
dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) (FRA: DMJ) is pleased to report that it has granted to KarbonKleen Inc. (“KK”), dynaCERT’s Preferred Service Provider, the exclusive Dealership rights in the trucking industry in the United States of America until December 31, 2024. The exclusivity granted to KK is subject to certain quotas of a minimum of 150,000 HydraGEN TM Technology Units over a little more than three years. On May 9, 2020, KK has provided the Company with a purchase order for 3,000 HydraGEN TM Technology Units as described below.
The HydraGEN technology is about the size of a suitcase for use in trucks, with larger models for use in more significant mining machinery and equipment, and the company estimates the device could reduce the carbon footprint of a caterpillar 797F dump truck by over 530,000 tonnes carbon dioxide equivalent (CO2e) per year and save approximately 2,618 hours of operational time in fuel.
Over the past year, the company has been marketing the technology worldwide and now has a presence in North America, Europe, Asia and the Middle East. In February, it was ranked the number one performing company across all sectors on the 2020 TSX Venture 50 list for its performance in 2019, which saw a 284% increase in its share price and a 384% increase in its market capitalization to $185.36 million.
“I was first introduced to the technology about 16 years ago and was really taken aback by its potential,” Jim Payne, dynaCERT’s president and CEO, said in a telephone interview. “Along with several others, I invested in the technology and we launched the first HydraGEN device about 18 months ago.”
Diesel fuel is integral to the mining industry. Diesel-powered shovels and drills are used to excavate natural resources into trucks or onto conveyor belts that are also powered by diesel. Excavators, dozers, front loaders and drill rigs all run on diesel fuel.
The massive haul trucks used in mining operations, in particular, can consume a staggering amount of fuel, with consumption often exceeding 50% of a mine’s total energy costs. Take, for example, the Belaz 75710, which is capable of hauling 450 tonnes of rock in one load and considered to be the world’s largest dump truck. It is estimated to consume over 450 litres of diesel fuel per hour when fully loaded — around 150 times that of an average sedan.
The combustion of diesel fuel to power transport and stationary equipment releases significant amounts of greenhouse gases (GHG) that contribute to climate change. Around 400 million tonnes of carbon dioxide equivalent (CO2e) are emitted annually by the mining industry, according to the analysis presented in Climate risk and decarbonization: What every mining CEO needs by McKinsey & Company, published in January 2020.
The report also estimates that emissions associated with the metal industry’s value chain, so-called scope 3 emissions, contribute a further 4,000 million tonnes of CO2e per year, mainly from steel and aluminum production.
Furthermore, the incomplete combustion of fuel in the engines of trucks, excavators, diesel generators and other mining equipment also releases a range of noxious pollutants, including carbon monoxide (CO), hydrocarbons, nitrogen oxides (NOx), sulphur dioxide and diesel particulate matter that are harmful to human health and the environment.
The HydraGen technology works by first using electricity to turn water into hydrogen (H2) and oxygen (O2) gas, which are then fed into the engine on demand during its intake stroke, which creates a homogenous mixture before combustion of the fuel. The diesel is then injected into the combustion chamber, where it mixes with the air and H2 mixture.
The presence of H2 and O2 gas in the chamber helps to initiate combustion sooner and just before the end of the compression stroke. This increases the rate of combustion, which now lasts for a much shorter duration during the power stroke phase of the engine, and results in less fuel consumption and a higher amount of power generated at a lower temperature.
“It’s well documented that trace amounts of hydrogen gas have been proven to improve the burn efficiency of internal combustion engines. The gas comes from the electrolysis of water, and because it’s produced on-demand, we don’t need to store it,” explains Payne.
The hydrogen is then fed into the cylinder, where it mixes with the fuel, allowing more of the fuel to be combusted at the top of the cylinder. This produces a cleaner and much more efficient burn, which greatly improves fuel economy as well as reducing carbon emissions directly at the source.
The increase in the thermal efficiency of the engine also ‘cools’ the exhaust emissions, reducing the release of NOx, hydrocarbons and other carbon emissions, as well as improving the fuel economy of the engine.
In independent tests conducted by the PIT Group, based in Montreal, Que., German-based Continental EMITEC and Ontario Tech University’s ACE automotive research, development and innovation centre, the technology reduced NOx emissions by 88%, total hydrocarbon content by over 57%, emissions of CO and CO2 by up to 47% and 10%, respectively, and can generate fuel savings of between 6 to 19%.
It also reduced particulate matter, also called black smoke, by up to 55.3%, improve diesel particle filter replacement times by at least 33% and can negate the need for between 40% and 60% of diesel exhaust fluid, used to reduce air pollution released by diesel engines.
The device is also equipped with the HydraLytica™ telematics technology that gathers and records data on an engine’s total lifetime mileage and volume of litres consumed to estimate a historic baseline rate for litres per 100 km travelled. It then analyses the fuel consumption and distance travelled since the device was installed to determine the savings in fuel and reductions in GHG emissions, measured in kilograms of CO2e, and then transmits the data so it can be used when applying for carbon credits.
In 2019, the HydraGEN technology was approved for use in underground mining applications. The approval followed a risk assessment commissioned by one of its dealers, Total Equipment Services (TES), a privately-owned Canadian company located in Sudbury, Ont., and one of TES’s major underground mining customers in Northern Ontario.
“We are currently running a test pilot with the company on one of their pieces of underground mobile equipment,” said Kevin Whynott, President and CEO of TES, in a telephone interview. “The primary driver for the company was to reduce emissions. And if we can demonstrate that emissions can be reduced by say 10, 20, or even 50%, then they could have more pieces of equipment running underground.”
Preliminary results from the pilot are “looking good,” according to Whynott, who hopes to have the full results of the study by next month.
The company’s HG145-6C Large Engine HydraGEN™ Technology is also being deployed on a fleet of mining trucks and equipment at two large mining companies operating in South America, one in Brazil and the other in Argentina.
In partnership with the UK-based International Environmental Partners Limited, the company has also recently submitted an application for a new methodology for estimating carbon reductions from diesel engines to VERRA’s Verified Carbon Standard program.
Because there is no approved methodology, a verified method for measuring carbon reductions would allow companies who have installed a HydraGEN device on vehicles or equipment to turn GHG emission reductions into tradable carbon credits.
“We have achieved a significant step towards a free market trading of the carbon emission reductions provided by our HydraGEN and HydraLytica Telematics technologies,” Robert Maier, dynaCERT’s chief operating officer and chief engineer, stated in a press release. “Harnessing carbon credits has been one of our long-term goals, which we identified a few years ago. We are now on the right path to create a continuous and recurring revenue stream for the company.”
In an InvestorIntel interview during PDAC, Tracy Weslosky secures an interview update with President, CEO & Director Jim Payne on dynaCERT Inc. (TSXV: DYA | OTCQB: DYFSF), a manufacturer and distributor of Carbon Emission Reduction Technology for use with internal combustion engines.
Jim started by saying that dynaCERT is the number 1 ranked company across all sectors on 2020 TSX Venture 50. He added that dynaCERT has a global solution to reduce pollution that people can adopt right now. The company is at the forefront of the carbon credits market and has recently attracted investors like Eric Sprott and Dr. Joerg Mosolf of Mosolf SE & CO. AG who have invested in the company. Jim continued, “Sustainability is a big thing today — with our technology, we have a solution now. We are reducing emissions very significantly for any internal combustion engine.”
The company is well capitalized and has a continued revenue stream. Jim also revealed that he has been asked to speak at the World Climate Summit in November in the UK on the future of the world’s carbon credits.