PolyNatura Corp and Nitron Group LLC announced today that they have entered a “take-or-pay” offtake agreement for the supply of multi-nutrient polyhalite products.
Under the agreement, subject to customary terms and conditions, Nitron will purchase 75% of PolyNatura’s production (1.5 million tpy at peak production) over a five-year period commencing from first production.
“We are excited to partner with one of the most respected names in the global fertilizer industry,” commented PolyNatura's Managing Director Graham Wheelock. “Financial strength, geographic reach, and deep industry knowledge make Nitron the ideal partner to distribute our organic fertilizer globally, enabling farmers around the world to improve crop yields and quality.”
Nitron President Javier Urrutia added: “Our mission at Nitron is to provide high-quality products to meet the growing demands of our clients around the world. This offtake agreement with PolyNatura will enable us to distribute an important organic fertilizer throughout the Americas and other key markets.”
Polyhalite, a naturally occurring mineral, can be applied directly as an organic fertilizer with only minimal processing. Raymond Hoyum, Affiliate Professor at Auburn University’s College of Agriculture, noted, “Polyhalite is totally water soluble and contains potassium, magnesium, calcium, and sulfur, and so provides balanced crop nutrition. As growers continue to strive for high yields and improved crop quality, polyhalite should be an essential part of their total fertility programme.”
Polyhalite’s constituent nutrients provide balanced nutrition for crops, supporting improved yields and quality. Polyhalite is approved for organic use by the Soil Association and Organic Farmers & Growers in the UK and similar organisations around the world.
Read the article online at: https://www.worldfertilizer.com/special-reports/24012019/polynatura-and-nitron-group-announce-offtake-agreement-for-polyhalite/
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