Nousbo and SK leaveo Sign MOU to commercialise biodegradable controlled release fertilizers
Published by Emily Thomas,
Deputy Editor
World Fertilizer,
Nousbo has signed a Memorandum of Understanding (MOU) with SK leaveo, an eco-friendly materials investment subsidiary of SKC, at SKC's headquarters for the commercialisation of eco-friendly controlled release fertilizers (CRF).
Nousbo, which was listed on KOSDAQ in 2022 based on its CRF production technology, holds a sigmoid-type CRF technology that adjusts fertilizer release according to the growth curve of crops. The CRF produced by Nousbo significantly reduces labour compared to conventional fertilizers that require multiple applications. It also reduces the amount of fertilizer used, preventing salt damage, reducing greenhouse gas emissions, and decreasing river water pollution.
Through this MOU, Nousbo plans to utilise its expertise in planning, production, and marketing strategies to align with global fertilizer market trends. SK leaveo will focus on developing biodegradable resins for the production of coated fertilizers, aiming to launch new products by the first quarter of 2025. They plan to apply biodegradable resins suitable for fertilizer release control to lead the domestic and international markets.
Recently, SK leaveo has been actively engaged in the eco-friendly materials business, having held a ground-breaking ceremony for a PBAT material production plant in the Haiphong Economic Zone in Vietnam. This facility reportedly has an annual production capacity of 70 000 t. PBAT, known as ‘degradable plastic,’ can replace traditional plastics and naturally decompose by microorganisms when buried, reducing environmental waste problems.
With the continuous increase in overseas demand for the controlled release fertilizers, Nousbo expanded its production facilities last year to achieve an annual production capacity of 20 000 t. In Europe, where the use of biodegradable resins in fertilizer production is being legally reviewed due to environmental concerns, Nousbo will maximise the advantages of both companies through the practical research conducted with the Rural Development Administration on the development of eco-friendly biodegradable resin-coated fertilizers.
Read the article online at: https://www.worldfertilizer.com/product-news/14062024/nousbo-and-sk-leaveo-sign-mou-to-commercialise-biodegradable-controlled-release-fertilizers/
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