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MVTG has a patented electrochemical reactor, called the ERC, that converts the greenhouse gas carbon dioxide, CO2, which is causing climate change, a detriment to mankind, into a liquid commercial chemical product called formic acid, that sells for $1,500/ton (estimated cost of making the Formic acid with the patent issued MVTG ERC is currently under $500/ton). Formic acid is currently used in many products including preservatives, fermentation, production of leather, cleaning products, de-icing and steel manufacturing.

This new novel approach is a superior solution to managing CO2 at the source, like power plants that burn fossil fuels, cement producers and other energy intensive operations, for a profit, and not for a significant added overhead cost.

This breakthrough can completely change the outlook for dealing with the climate change problem facing mankind.

Most excitingly, it’s in the works! An existing JV deal with the billion dollar cement manufacturer (cement manufacturing is a major source of CO2 emissions), LaFarge, to build the first pilot plant for the technology is underway with Mantra’s engineering partners. The Lafarge MVTG ERC pilot plant is funded and is expected to be built and operating this year. Read more about it here:

The "Swiss Roll" design eliminates an expensive component of current fuel cells, a platinum membrane, and mixes the fuel directly. Plus the fuel, formic acid, is much safer to handle and less volitile than hydrogen gas. Formic acid is a mild acid and a liquid. It is believed it can be pumped at existing gas stations. This has major implications for the auto industry potentially. Interestingly, Mantra has just annouced plans to produce a vehicle prototype that is propelled by a MRFC. Read more about it here:

A combination of the MRGC/EFC may emerge as a rechargable fuel cell. The possibilities of this are extremely exciting in the area of renewable enegy in that it provides a means to store excess energy from wind farms and solar power plants. In times when alternatives can’t produce electricity (low or no wind for wind farms or cloudy days and nights for solar), the fuel cells can kick in to produce energy. At times of excess available energy, the ERC can be run to recycle the by-products of the fuel cell back into input fuel! A possible zero emissions rechargable fuel cell. Early trials of this has been demonstrated in the lab and more news on this game changing innovation is expected.

Mantra is not alone in having good ideas: In working with other creators of IP it will be necessary to work collaboratively. The end result must be a reasonable sharing of the value (thru licenses): Mantra will manage sales of ERC plants, client contracts, and will receive and manage the royalties and fees. Long-term relationships will be created with valuable research and development laboratories, whether government or private.

Mantra Venture Group Ltd. (Mantra) is a diversified Green Tech company seeking to become a world-leader in the development of commercially viable sustainable technologies by minimizing the impact of human activity on our climate, environment and health. Based in the Pacific Northwest, a hot-bed of Green Tech innovation, Management has already been successful in acquiring the rights to two revolutionary sustainable technologies: the Electroreduction of Carbon Dioxide (ERC) and the Biometals Recovery System (BRS).

In November 2007, Mantra acquired the 100% outright ownership of a chemical processing technology developed by the University of British Columbia’s Clean Energy Research Center, entitled the Electroreduction of Carbon Dioxide (ERC). Powered by renewable energy, ERC combines captured carbon dioxide with water to produce high value materials, including: formic acid, formate salts, oxalic acid, and methanol.

The International market for carbon dioxide management is currently in the Billions USD and carbon emission credits are traded at values up to $40 USD per ton of CO2. As of yet, large-scale applications have not been able to make the shift to renewable energy, as fossil fuels remain the most cost effective option energy source available. Scientists and innovators are therefore investigating Carbon Capture and Storage (C.C.S.) techniques to mitigate the release of CO2 into the atmosphere. Sequestration, the process of capturing the gas and injecting it underground for storage, is currently the only potentially viable solution. Nonetheless, this technology still faces significant challenges, as it is far from being cost effective. In addition, sequestration has raised serious environmental concern, legal and regulatory issues due to the unknown ramifications of permanently storing CO2 underground.

ERC offers an innovative alternative to carbon sequestration with many potential advantages. The first advantage is that ERC, instead of addressing carbon dioxide as the problem, harnesses its chemical properties as part of the solution. Capitalizing on the abundance of carbon dioxide being released from fossil fuel combustion, ERC converts CO2 to useful, financially profitable products. The second advantage is that the process can be driven by renewable energy (hydro, wind, solar, tidal or nuclear). Lastly, there is potential for this technology to be applied in a closed-loop fuel cell cycle, whereby carbon dioxide is converted into a fuel that is then used in the cell to generate energy.

Upon successful entry into the lucrative market of CO2 reduction, a powerful and perhaps even more profitable market will develop for its useful by-products. Sodium formate and formic acid, two of the main by-products of ERC, currently have an average market value of $1,200/ton, with more than 600,000 tons of formic acid produced annually. Their applications are diverse, including feedstock preservatives, de-icing solutions, cleaning solutions and baking soda to name a few. In addition, Mantra has identified several potential applications for formic acid that would lead to a prolific expansion in market demand, including: steel pickling, fuel cell development and fuel additives. In October 2008, Mantra completed its first ERC prototype, capable of processing 1 Kg of CO2 per day. The company’s first commercial scale reactor, designed to process 1 ton of CO2 per day, is schedule for completion by Q2 2010.

Acid mine drainage (AMD), the outflow of acidic water from abandoned metal mines or coal mines, is responsible for the contamination of 40% of western waterways. While the U.S. Bureau of Mines estimates current AMD remediation expenditures to be $1 Million per day, these efforts have been largely inadequate due to the ineffectiveness of current technologies. Fortunately, Mantra’s BRS technology relies on a much more efficient biological reaction than these current technologies. This fact, combined with product upgrading and energy recovery capabilities, provides a major economic advantage for BRS. Upon completion of the BRS technology, Mantra anticipates rapidly overcoming market penetration rates achieved by current AMD remediation technologies.