Brazil-based Potash producer Verde Agritech has announced the start of Engineering studies for licensing and construction of the company’s third production facility. The company plans to anticipate production to begin in the first half of 2024. The facility will increase chlorine-free potash production capacity to 16.4% of current demand for potash in the country. In 2021, the company produced 400,133 tons of potassium-based products, reaching a turnover of R$ 119.3 million, 239% higher than in 2020. Last month, the company said it will double the production capacity of its second facility. Under construction, this plant is likely to start operating in 2022. Engineering studies for the third facility are expected to be completed in the second half of this year. The work is scheduled to take place from July 2023 and will play an important role in helping to reduce Brazil’s dependence on imported potash.
Sources: Agrolink/Global Fert (*Translated by Ia Niani)