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.
Innovative companies like dynaCERT Inc. $DYA $DYFSF will help take Ontario’s transportation sector into the future. Ministers Rod Phillips and Jeff Yurekvisited their office in Toronto to learn more about how their technology is reducing carbon emissions for large transportation vehicles.
Click this link for video of Head Office and Plant visit at dynaCERT: https://www.facebook.com/watch/?v=1026756650865419
Canadian Technology Used to Cut Diesel Engine Emissions
dynaCERT’s President & CEO, Jim Payne, discusses how the company’s carbon emission reduction technology can help cut diesel engine emissions.
dynaCERT (TSX.V-DYA) (OTCQB: DYFSF) is pleased to announce that it has received a purchase order for ten (10) HG145 units of its HydraGEN TM Technology from a Toronto area business, Newport Environmental Technologies (“Newport”), a member of the Sparta Group (TSX.V:SAY). Newport, which is a Canadian environmental company focusing on reducing waste and sequestering CO2 emissions, has agreed to purchase the HydraGEN TM Technology to enhance combustion and track greenhouse gas emissions on its entire fleet of highway tractors that operate in the Greater Toronto area.
All vehicles that are to be outfitted with dynaCERT’s HydraGEN TM Technology are highway tractors, typically hauling 53-foot bulk trailers and travelling east-west across the North of Toronto via Hwy 401. On average, each vehicle travels about 700 kilometres (435 miles) per day, translating into about 1,700,000 kilometres (1,080,000 miles) per year for the entire fleet and thus consuming some 750,000 litres (198,000 gallons) of diesel fuel and producing over 2,000 tonnes of GHG per year.
Newport’s Trevor McCagherty, said, “This purchase is part of our overall strategy that is looking to transform single-use plastics into synthetic fuel to be used to power our fleet and lower our carbon footprint. Our team is familiar with the benefits provided by hydrogen enhanced combustion. HydraGEN TM Technology is particularly important to us as a proven catalyst which increases the burn rate while reducing emissions and improving torque and power. As Sparta continues to look at developing alternative fuel mixtures, HydraGEN TM Technology can enhance all our endeavours including in synthetic diesel as well as in biofuels. What becomes even more interesting is the ability of the HydraGEN TM Technology to measure and track GHG reduction.”
The units are expected to be installed over the next several weeks as Newport’s equipment comes in for service.
Jim Payne, President & CEO of dynaCERT commented, “As a Canadian company rapidly growing internationally, I am very proud that dynaCERT has been able to obtain the first such noteworthy commitment from an Ontario trucking fleet operating locally. We look forward to working closely with Newport and Sparta and its extremely knowledgeable management. On behalf of the board of directors of dynaCERT, I sincerely thank John O’Bireck, a member of our advisory board, for his invaluable assistance in securing our important new client.”
About dynaCERT Inc.
dynaCERT Inc. manufactures, distributes, and installs Carbon Emission Reduction Technology for use with internal combustion engines. As part of the growing global hydrogen economy, our patent-pending technology creates hydrogen and oxygen on-demand through electrolysis and supplies these through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. Our technology is designed for use with all types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment, marine vessels and railroad locomotives. Website:www.dynaCERT.com
TORONTO, ON–(Globe Newswire – January 16, 2019) – dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) (FRA: DMJ) (“dynaCERT” or the “Company”) is pleased to provide an update on the India market.
iCAT Certification for India
dynaCERT has received notification of certification for India and South Asia markets from the International Centre for Automotive Technology (iCAT) for the use of its HydraGEN™ Technology on diesel powered vehicles and equipment to reduce carbon emissions and fuel consumption.
As reported in the MD&A dated June 30, 2018, and September 30, 2018, iCAT has conducted Phase Three testing of the HydraGEN™ Technology. iCAT, a divison of NATRiP Implementation Society NATIS Government of India, was established in 2006 at Manesar, Haryana, India. iCAT is a certifying partner with TUV Nord who conducted the homologation testing for dynaCERT in Germany.
Robert Maier, dynaCERT COO and Chief Engineer states: “Over the past 18 months we have worked hard with local partners and the Canadian High Commission office in New Delhi to bring our proven HydraGEN™ Technology to the Indian market. Our HG1 carbon reduction system will reduce the horrific air pollution in the major centers and the countryside as we implement units on all manner of diesel engines used in trucks, buses, generators, construction equipment, fishing vessels and other power plants.”
Orders From Two of Twenty Nine Government States
dynaCERT has received a Letter of Intent from Rajasthan State Road Transport Corporation (RSRTC) (please see web site http://transport.rajasthan.gov.in/rsrtc/), through its state partner Shah Transport Company, for the order for two HG145B units and, upon demonstration, an initial bulk order of 1,000 HydraGEN™ HG145B units to be installed on buses and service trucks. RSRTC is the largest provider of intercity bus transportation in the state of Rajasthan, India, headquartered in Jaipur. RSRTC has been established by the Government of Rajasthan on 1 October 1964 under the Road Transport Act 1950. RSRTC has incorporated Ordinary, Express, Deluxe, A.G. Gandhi Rath, A.C., A.G. Sleeper, Volvo-Mercedes, Volvo-Pantry, Volvo-LCD, Volvo-LCD-Pantry bus services in fleets for all categories of passengers. It has 5,000 buses in its fleet and 56 service depots across the state.
dynaCERT has also received a separate Letter of Intent from Uttarakhand Transport Corporation (UTC) (see web site http://utc.uk.gov.in/) for the initial order for two HG145B units and, upon demonstration, the further delivery of 1,200 HydraGEN™ HG145B units to be installed on UTC buses. UTC is a public sector passenger road transport corporation providing services in the state of Uttarakhand, India and other adjoining states in North India. With a substantial fleet size of buses that operate over 350,000 kilometers and serve the travel needs of over 100,000 people every day, UTC provides an adequate, economical & efficiently coordinated road transport service to the residents of the state.
Certain major shareholders including directors of dynaCERT (TSX.V-DYA) (OTCBB-DYFSF) have entered into a formal strategic Voluntary Lock-Up Agreement for a total of over 55,000,000 shares for a term of 180 days.
The Voluntary Lock-Up Agreement stipulates that these shareholders shall not assign, deal in, pledge, sell, trade or transfer in any manner whatsoever, or agree to do so in the future, any of the shares, or any beneficial interest in them, on or before March 31, 2017 (the “Expiry Date”).
dynaCERT’s President and CEO, Jim Payne states, “Given the significant progress that has been achieved in recent months, we felt that a Voluntary Lock-Up Agreement would demonstrate to shareholders and potential investors the commitment and confidence that management, directors and certain major shareholders have in the future of dynaCERT.
Third Party Testing – As The Company, along with third party engineers, have now completed reviewing and analyzing the data from the 3rd party testing at the University of Ontario Institute of Technology of their flagship HydraGenTM product for Class 8 trucks and a formal report is forthcoming.
Mr. David Bridge has been appointed as COO of dynaCERT (TSX.V-DYA) (OTC-DYFSF), effective immediately. Mr. Bridge has an extensive background in managing technology operations and multi-million dollar corporate ventures such as AMD, RBC Financials, Virgin Mobile and Blackberry. As a senior IT leader at Virgin Mobile and Blackberry, he led a high performance teams that designed and supported large scale enterprise wide systems.
Under the supervision of Mr. Bridge, dynaCERT worked closely with RMF Design & Manufacturing along with diesel and electronic technical experts to finalize the electronic interface, design & development of the state-of-the-art “Smart” ECU (Electronic Control Unit), which is the brain of the HydraGenTM unit. The unit can read, collect and transmit and store data pertaining to fuel efficacy and emissions reductions by communicating with the engine’s onboard computer, learning and altering the flow of gases produced and introduced to enhance combustion. The unit also has GPRS capability for remote access and allows tracking and monitoring of Carbon Credits.