Minnova Announces Biomass Gasification Tests Achieve >50% H2 Recovered to Syngas. Global Expansion as a Cleantech Company Well Underway.
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Minnova Corp. Office: +1 647 985 2785
MCI:TSXV 217 Queen Street W., Suite 401
www.minnovacorp.ca Toronto, Ontario M5V 0R2
Minnova Announces Biomass Gasification Tests Achieve >50% H2 Recovered to
Syngas. Global Expansion as a Cleantech Company Well Underway.
NOT FOR DISSEMINATION INTO THE UNITED STATES
November 2 4, 2022 , Toronto, Ontario – Minnova Corp. (TSXV: M CI, OTC Pink : AGRDF,
"Minnova" or the "Company") an evolving cleantech and gold mine development company is
pleased to announce positive biomass gasification test results and other business development
opportunities:
• Positive gasification test results for corn stover from Romania and Pineapple waste from
Costa Rica.
• >50% H2 content in syngas achieved.
• Opportunities identified to further increase H2 content of syngas.
• Discussions with major equipment manufacturers (power generation) for direct syngas to
power generation initiated.
• Gasification technology selected to participate in the Canadian Technology Accelerator
program to address Southeast Asia’s climate target of net-zero carbon emissions
Positive Biomass Gasification Test Results
Test work was conducted at the University of Teramo, Italy, Department of Biosciences and Agri-
Food and Environmental Technologies under the supervision of Prof. Ing. Sergio Rapagnà. Corn
and pineapple waste samples were dried and pelletized in a co mmercial pellet plant to
approximate future industrial scale operations (see Figure 1).
Pelletized samples were fed into the DUMA designed fluidized bed reactor and gasified under
controlled conditions . The resulting syngas flow rate s and H2 content exceeded expectations
(minimum target of 50% H2) for both corn and pineapple samples. See Table 1 for a summary of
test results.
Concentration of tar in the syngas for both samples were in line with test results of comparable
biomasses. Observations during testing suggests an opportunity exists to further improve the
quality (% H 2 content) and volume (gas yield Nm3/kg daf) of the resulting syngas by adjusting
some of the operating parameters.
With positive gasification results in hand we are no w in a position to start detailed techno -
economic studies on project initiatives in Costa Rica and Romania . In-country work will include
soliciting biomass supply agreements , commercial o fftake agreements for either green H 2,
electrical power or byproduct thermal energy, and definitive commercial site selection.
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Minnova Corp. Office: +1 647 985 2785
MCI:TSXV 217 Queen Street W., Suite 401
www.minnovacorp.ca Toronto, Ontario M5V 0R2
Figure 1: Pineapple and corn samples before and after pelletization.
Table 1: Pineapple and Corn Gasification Test Results.
Biomass Test Sample Pineapple Corn
Pellet Characteristics
Humidity % dry wt 11.1 9.0
Ash % dry wt 5.8 7.0
C % dry wt 47.4 45.6
H % dry wt 7.6 7.5
N % dry wt 0.5 0.3
S % dry wt 0.8 0.8
O % dry wt 37.9 38.8
Test Results
Gas yield, Nm3/kg daf 1.59 1.67
H2 (% vol. dry, N2 free) >50 >50
CO2 (% vol. dry, N2 free) 15 16
CO (% vol. dry, N2 free) 30 28
CH4 (% vol. dry, N2 free) 5 6
The results demonstrate continued progress towards the goal of producing a high H 2 content
syngas from biomass gasification that can be; i) purified to a green H2, ii) utilized for direct power
generation, or iii) further processed to produce other valuable biofuels.
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Minnova Corp. Office: +1 647 985 2785
MCI:TSXV 217 Queen Street W., Suite 401
www.minnovacorp.ca Toronto, Ontario M5V 0R2
Southeast Asia: Decarbonizing the energy sector - CTA Program 2022-2023
The Company is also pleased to announce it has been selected to participate in the Canadian
Technology Accelerator (CTA) program with a specific goal of addressing Southeast Asia ’s
climate target of net-zero carbon emissions between 2050 and 2065. Selected companies have
demonstrated marketable, innovative technologies at a Technical Readiness Level (TRL) of 6 or
higher. The selection of our 3 rd generation biomass gasification technology presents an
opportunity to take a leading role in decarbonizing Southeast Asia’s power generation
infrastructure by incorporating our technology which can produce green H2, electrical power and
a variety of other valuable biofuels. The CTA program of Global Affairs Canada assists high-
potential, technology focused, Canadian SMEs to accelerate their growth.
Southeast Asia ’s carbon emission reduction target is ambitio us, with current energy supply
dominated by fossil fuels (coal, oil, and natural gas ). Biomass may represent the only viable,
carbon neutral, sustainable, and secure replacement for current base load electrical power
production. The regions diverse supply of biomass waste (e.g., agricultural residues, woody
biomass, animal wastes, and municipal solid waste) combined with its high growth, industrialized
economy, and commitment to reducing carbon emissions meet our general site selection criteria.
Gorden Glenn, President and CEO of Minnova Corp . commented: “These are impressive test
results that affirm our belief in our technology, and that gasification of biomass can be a technically
viable and economical route for large scale green hydrogen production. The r esults not only
exceeded our expectations, but there is also potential to further increase hydrogen content in the
syngas. On our se lection to participate in the Southeast Asia CTA program it is another
confirmation that our 3 rd generation biomass gasification technology is a marketable technology
that offers a real carbon neutral solution to produce green hydrogen and power from locally
available waste biomass around the world. The market opportunity that Southeast Asia represents
is extremely attractive and adds to our existing global business development pipeline consisting
of Canada, Europe, Central America, and Africa. Our transition to an operating, cleantech
company is accelerating and we will continue to innovate and acquire or develop intellectual
property associated with green hydrogen, renewable power generation and other carbon emission
reduction technologies worldwide.”
About Minnova Corp.
Minnova Corp. is an evolving cleantech company building a worldwide pipeline of green energy
projects. Our subsidiary, Minnova Renewable Energy, is focused on innovative carbon reduction
technologies such as the 3rd generation biomass gasification technology developed by DUMA
Engineering (2018) Inc. As of September 30, 2022 Minnova owns 50% interest in DUMA .
Acquisition of the remaining 50% interest will consist of a combination of cash payments and
shares and will be dependent on several conditions, including; a) long run test performance of the
demonstration plant to produce a 50% hydrogen content syngas, b) other techno-economic and
environmental considerations , and c) filing of patent applications. In addition to receipt of all
regulatory approvals.
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Minnova Corp. Office: +1 647 985 2785
MCI:TSXV 217 Queen Street W., Suite 401
www.minnovacorp.ca Toronto, Ontario M5V 0R2
Prior to 2021 Minnova Corp. has focused on the restart of its PL Gold Mine , which included
completion of a Positive Feasibility Study in 2018. The study concluded the restart of the PL Mine,
at an average annual production rate of 46,493 ounces over a minimum 5 -year mine life was
economically robust. Importantly the global resource remains open to expansion, as does the
reserve. The PL Gold Mine benefits from a short pre-production timeline forecast at 15 months, a
valid underground mining permit (Environment Act 1207E), an existing 1,000 tpd processing plant,
over 7,000 meters of developed underground ramp to -135 metres depth. The project is fully road
accessible and close to existing mining infrastructure in the prolific Flin Flon Greenstone Belt of
Central Manitoba.
For more information please contact:
Minnova Corp.
Gorden Glenn
President & Chief Executive Officer
For further information, please contact Investor Relations at 647-985-2785 or
Visit our website at www. minnovacorp.ca and follow us on social media (twitter: @MinnovaCEO
and Instagram: minnovacorp)
Forward Looking Statements
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation.
Forward-looking information includes, but is not limited to, information regarding the Company including management’s
assessment of future plans and operations, that may involve risks associated with mining exploration and development, volatility
of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and
services, competition from other companies and ability to access suffici ent capital. As a consequence, actual results may differ
materially from those anticipated in the forward-looking statements. Although Minnova has attempted to identify important
factors that could cause actual results to differ materially from those conta ined in forward-looking information, there may be
other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information
will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information.
Accordingly, readers should not place undue reliance on forward-looking information. Minnova does not undertake to update any
forward-looking information, except in accordance with applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.