Cinis Fertilizer lay the foundation to establish a production plant in USA
Published by Jack Roscoe,
Editorial Assistant
World Fertilizer,
Cinis Fertilizer has t signed an agreement with Ascend Elements. The agreement pertains sourcing of sodium sulphate, an input for Cinis Fertilizer’s production of environmentally friendly mineral fertilizer. This agreement and a collaboration with K+S Minerals and Agriculture GmbH, lay the foundation for Cinis Fertilizer to establish a production plant in the US state of Kentucky. The plant will be the third after the company’s first two plants in Sweden. The establishment in the USA is part of Cinis Fertilizer’s growth plan to reach a production of 1.5 million t of potassium sulphate in six facilities at the end of the year 2030. The investments in Cinis Fertilizer’s US plant are estimated to amount to SEK 1 billion.
Cinis Fertilizer has signed a ten-year agreement with Ascend Elements, that is currently building its largest facility in Hopkinsville, Kentucky. The agreement pertains to sourcing of up to 240 000 t per annum of sodium sulphate starting in 2026. Cinis Fertilizer has entered into a letter of intent with K+S regarding the sale (off-take) of the finished product, potassium sulphate, and also to purchase potassium chloride from K+S’ facilities in Saskatchewan in Canada to Cinis Fertilizer’s plant in Hopkinsville. Cinis Fertilizer’s plant is scheduled to start in 2026, with the capacity to produce up to 300 000 tpy for the North American market.
Cinis Fertilizer’s business concept is to produce environmentally friendly mineral fertilizer by using half as much energy as today’s production methods, resulting in a fossil free fertilizer with a close to zero carbon footprint. A unique contribution to a more sustainable agriculture industry.
“In the past year, we have experienced massive international interest in our environ¬mentally friendly fertilizer, where circularity and fossil-free production are key. For manufacturers of batteries, it is important that the entire production chain meets high requirements for resource efficiency and environmental friendliness. The agreement with Ascend Elements in addition with the letter of intent with K+S, which includes the purchase of our full plant production capacity, gives us the confidence we need to establish Cinis Fertilizer on the American market,” says Jakob Liedberg, founder and CEO of Cinis Fertilizer.
“The fast growth of industrial in connection with the Inflation Reduction Act, currently taking place in USA contributes to our decision to carry out Cinis Fertilizer’s expansion in North America. This was further strengthened by the great interest shown by prominent investors in their recent investments in Ascend Elements.”
Read the article online at: https://www.worldfertilizer.com/project-news/21092023/cinis-fertilizer-lay-the-foundation-to-establish-a-production-plant-in-usa/
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