Plant 3 is projected to have a production capacity of up to 10 million tpy of Verde’s multinutrient potassium products, BAKS® and K Forte® sold internationally as Super Greensand®, raising the company’s overall production capacity to 13 million tpy, which represents 16.41% of the current Brazilian potash market in K2O.
Plant 3’s engineering studies have started and are expected to be concluded in 2H22. Construction of Plant 3 is expected in 2H23, with operations projected to start in 2H24.
Alongside the product, Plant 3 will deploy proprietary technologies developed by Verde: Cambridge Tech, 3D Alliance, MicroS Technology, and N Keeper. Cambridge Tech was developed in partnership with the University of Cambridge, through mechanical activation it alters the structure of Glauconitic Siltstone, ensuring that potassium and other nutrients are progressively made available to plants. 3D Alliance technology transforms the three-dimensional structure of the raw materials added to a fertilizer, creating a homogenous combination of nutrients that are more evenly distributed in the soil. MicroS Technology is an elemental sulfur micronisation process that results in a larger contact surface that facilitates the work of soil microorganisms and increases nutrient availability to plants. N Keeper alters the physical-chemical properties of Glauconitic Siltstone to enable ammonia retention for use as a calibrated additive in nitrogen fertilizers. Verde currently has one granted patent and eight patents pending.
Verde’s current Plant 1 production capacity is 600 000 tpy. Plant 2 is on track to start production in 3Q22 initially with a 1.2 million tpy production capacity. The final Plant 2 capacity of 24 million tpy is expected to be reached in early 4Q22. Therefore, by 4Q22, with Plant 2’s expansion, overall production capacity is expected to be 3 million tpy, establishing Verde as Brazil’s largest potash producer.
The company continues working on its new Pre-Feasibility Study, which analyses a scenario of total annual production of 50 million t of Verde’s product, equivalent to 63% of the total Brazilian potash consumption in 2021.
“In an effort to meet our growing client base’s need for potash, Verde is taking one more steady step towards an ever greater market presence. We are confident that the state and federal governments understand the invaluable work that our team has been performing towards food security and environmental soundness, and they will endeavour to ensure the timely approval of the few permits that are still under review”, commented Verde’s Founder, President & CEO Cristiano Veloso.
Read the article online at: https://www.worldfertilizer.com/potash/08042022/verde-agritech-outlines-construction-plans-for-third-production-facility/
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