- Verde’s (NPK) Plant 2 has achieved 1.2 Mtpy in nameplate production
- The plant produces Verde’s multi-nutrient potassium product, K Forte, sold internationally as Super Greensand
- Including both plants 1 and 2, Verde’s production capacity now stands at 1.8 Mtpy, which should allow it to keep pace with growing demand
- Verde is a fully-integrated agricultural technology company that produces potash fertilizers
- Verde AgriTech (NPK) is up by 6.21 per cent, trading at $6.50 per share
Verde’s (NPK) Plant 2 has achieved 1.2 Mtpy in nameplate production.
The plant produces the company’s multi-nutrient potassium product, K Forte, sold internationally as Super Greensand.
Production will utilize proprietary Verde technologies, including:
- Cambridge Tech, which ensures that nutrients are made available to plants
- Bio Revolution, which enables the incorporation of microorganisms into mineral fertilizers
Plant 2 was commissioned on August 31, 2022.
The facility will be expanded to 2.4 Mtpy by late Q4 2022.
Including both plants 1 and 2, Verde’s production capacity now stands at 1.8 Mtpy.
“We are proud to see the successful ramp-up at Plant 2, which will ensure a 200-per-cent increase in production. Verde has been sold out of product and had to push back deliveries, a growing demand that Plant 2 will help meet,” stated Cristiano Veloso, Verde’s Founder and CEO.
Verde is a fully-integrated agricultural technology company that produces potash fertilizers.
Verde AgriTech (NPK) is up by 6.21 per cent, trading at $6.50 per share as of 9:34 am EST.
