Mantra Venture Group up 20% on Thurs, set to reach NEW HIGH!!!
We are firm believers in Mantra Venture Group Ltd. (MVTG.OB). This Green Tech play has huge near-term breakout potential, and Thursday’s 20% jump is just the beginning!
About Mantra Venture Group
Mantra is a diversified Green Tech company about to become a world-leader in the development of commercially viable sustainable technologies. The company currently holds 3 core technologies in 3 of the most sought after Green Tech industries today:
- Carbon Recycling: Electroreduction of Carbon Dioxide technology (ERC)
- Fuel Cells: Mixed Reactant Fuel Cell technology (MRFC)
- Water Purification: Biometals Recover System (BRS)
Each technology is attracting international partnerships with some of the world’s biggest and best companies… and once these agreements are inked, there’ll be no turning back for Mantra.
Mantra’s carbon recycling technology (ERC) in and of itself is about to take the world by storm. ERC has been proven to take CO2- Earth’s nemesis- and convert it into highly sought after materials, such as formic acid. What is formic acid you may ask?
Formic acid is a valuable chemical used in many industries such as pulp and paper, leather treatment, animal feed, rubber, and more. But what’s even more important is that it sells for $1,440 USD per tonne!!!
Yes, that’s correct. ERC has the ability to convert CO2 into commercially profitable products. There are currently 27 Billion metric tonnes of CO2 emitted annually from fossil fuel combustion! Add on the future market value of carbon credits and the value of this technology increases tenfold!
Given the latest public outrage and safety concerns facing carbon sequestration (the process of capturing CO2 and storing it permanently underground), Governments are starting to turn their focus (and their $$ Billions in R&D funding) towards more viable solutions- i.e. carbon recycling.
On June 8th, the US Department of Energy’s (DOE) National Energy Technology Laboratory (NETL) announced a $2.4 Billion funding opportunity for a range of industrial carbon capture and energy efficiency improvement projects, including the beneficial re-use of CO2. This is just the start of the transition towards carbon recycling, and Mantra’s ERC is perfectly positioned to capitalize on this latest shift in Green Tech. In fact, ERC has already received multiple sets of funding from Federal Agencies!
MVTG has completed its first ERC prototype; capable of converting 1 Kg of CO2 into formic acid per day, and the company is now working on several partnership opportunities to build a commercial scale demonstration unit.
Mantra’s ERC technology has already been discovered by several big-league companies in Korea, including: KC Cottrell Co. Ltd. KC Cottrell is a world leader in environmental technology, providing key services to some of the world’s largest industrial corporations. With annual revenues in excess of $200 Million USD, KC Cottrell will bring nothing but promise and prosperity to ERC.
Furthermore, the company just announced a new collaborative deal with King Fahd University of Petroleum and Minerals in Saudi Arabia. This is one of the most respected tech universities in the Middle East! With deep-seeded connections in the petroleum and mineral industry, King Fahd University has the power and resources needed to take ERC to a whole new level.
Long story short, this company is expanding at an alarming rate. At this pace, it’s only a matter of time before this technology (and maybe Mantra as a whole) is snapped up by one of the biggest corporations out there. We therefore rate this stock as a market outperform, aggressive buy. Latest News
Oct 29th, 2009 /PRNewswire-FirstCall/ - Mantra Venture Group Ltd. ('Mantra', OTCBB: MVTG, FSE: 5MV) is pleased to announce that it has signed a Letter of Intent (LOI) with King Fahd University of Petroleum & Minerals (KFUPM) based out of Dhahran, Saudi Arabia. Under the terms of the LOI, Mantra and KFUPM’s Center for Refining and Petrochemicals (CRP) have expressed a mutual interest to explore and research new processes that would use Mantra’s Electroreduction of Carbon Dioxide (ERC) reactor, a form of carbon recycling.
Current processes developed by Mantra have been demonstrated as effective in converting CO2 into a variety of valuable chemicals, including: formate salts, formic acid, oxalic acid and methanol. While each of these end-products has a significant market value, Mantra is now looking to create additional value in its ERC technology by expanding this list. The CRP Research Institute of KFUPM has extensive capabilities in product research and application, is very knowledgeable about the petrochemicals industry, and can help Mantra achieve its goal.
Shawn Kim, Vice President of International Business Development for Mantra, said: “The CRP Research Institute of KFUPM is respected for its research especially in petrochemicals, and we look forward to working with the team at CRP. Expanding the number of viable chemicals produced by ERC will add value to the ERC technology and will lead to an expansion of Mantra’s markets. KFUPM is well-recognized in the oil and gas industry, and a successful partnership with them could open many doors for ERC carbon recycling and for Mantra.”
Mantra and KFUPM are working together on this collaborative effort and, following the outline given in the LOI, they plan to engage in a fully defined project.
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