Verde Agritech announced on Thursday (3) it will accelerate investments to expand potash production in the state of Minas Gerais. Verde’s founder, Cristiano Veloso, aims to be decisive for Brazil’s self-sufficiency in potash production, explaining that Verde also offers a sustainable product due to its production process. The company’s potash mine in Brazil has 777.28 million tons in reserve, and 1.4 billion tons in resources, which is important for meeting the targets. “The mine’s resources are capable of making Brazil self-sufficient for more than 60 years”, said the CEO. The company said that the second production facility should start production in the third quarter, with an operational capacity of 1.2 million tons per year and should have its capacity increased to 2.4 million tons by the fourth quarter, raising the total output to 3 million tons per year. Verde Agritech said it should be the largest producer of potash in Brazil.
Source: Reuters (*Translated by Ia Niani)