| Saudi Aramco Backs Brooklyn Ammonia Startup |
ALEX KOYFMAN / FEB 23, 2023Saudi Aramco Backs Brooklyn Ammonia StartupDear Reader,Several weeks ago I wrote to you about a startup in Brooklyn, New York, called Amogy, which built the world’s first fully functional semi truck to run on ammonia fuel. To some it was a science experiment. To some it was a proof of concept. To the world’s biggest oil company — the $1.8 trillion-market-cap behemoth with $580 billion in annual revenues, Saudi Aramco — it turned out to be a reason to get out the checkbook. As of early February, Saudi Arabia’s namesake oil company officially became a financial backer of Amogy. For investors across the world, this should be a huge bullhorn signaling a fundamental change in direction for the energy industry. So what’s all the fuss about?Ammonia fuel is a high-powered, zero-emission alternative to traditional fossil fuels. In the 1960s, it powered the X-15 rocket plane to record speeds and altitudes — records that still stand to this day.It’s principal product, a portable, stackable ammonia generation device about the size of a refrigerator, is already entering commercialization.The proprietary technology behind it all could be worth billions of dollars, even tens of billions, in short order. Fractions of a Penny on the DollarToday its market capitalization is only in the tens of millions of dollars. Unlike most companies at this stage of development, however, there is an opportunity here for retail investors… because this stock is already public. For now, things are quiet, but if you look at the rate of new ammonia fuel headlines in the press, you’ll see that this story is finally picking up steam. Want to learn more about it?My colleague Keith Kohl — investment director of our biggest premium financial newsletter, Technology and Opportunity — recently published an in-depth video presentation on the topic in which he goes into all the details of the ammonia fuel trend and the best ways to take advantage. He’s isolated two key plays in the sector, including the company I briefly mentioned above. Whether you’re risk-averse or risk-seeking, there is something of true value for you here. Check out his video now and find out how you can climb on at the ground floor right now.Fortune favors the bold, Alex KoyfmanCheck us out on YouTube!His flagship service, Microcap Insider, provides market-beating insights into some of the fastest moving, highest profit-potential companies available for public trading on the U.S. and Canadian exchanges. With more than 5 years of track record to back it up, Microcap Insider is the choice for the growth-minded investor. Alex contributes his thoughts and insights regularly to Wealth Daily. To learn more about Alex, click here.FEEDBACK? GET IN TOUCHREAD THIS EMAIL ONLINEMANAGE NEWSLETTERSSHARE ON TWITTERYou signed up for our newsletter with the email davidgeomaxwell@gmail.com. You can manage your subscription and get our privacy policy here.This email is from Angel Publishing, 3 East Read Street, Baltimore, MD 21202 © Wealth Daily. |

To some it was a science experiment. To some it was a proof of concept. To the world’s biggest oil company — the $1.8 trillion-market-cap behemoth with $580 billion in annual revenues, Saudi Aramco — it turned out to be a reason to get out the checkbook. As of early February, Saudi Arabia’s namesake oil company officially became a financial backer of Amogy. For investors across the world, this should be a huge bullhorn signaling a fundamental change in direction for the energy industry. So what’s all the fuss about?Ammonia fuel is a high-powered, zero-emission alternative to traditional fossil fuels. In the 1960s, it powered the X-15 rocket plane to record speeds and altitudes — records that still stand to this day.
Alex Koyfman