Verde Agritech announced this Thursday (3) the acceleration of its investment plans in the production of potassium fertilizers in Minas Gerais, after tight supply and high prices due to geopolitical issues and the Russian invasion of Ukraine.
According to a statement from the company that has a mine and factory in São Gotardo, a second unit should start production in the third quarter, with a capacity of 1.2 million tons per year, compared to the company’s total production last year of 400,000 tons of fertilizers. potassium.
This second unit should have its capacity increased to 2.4 million tons by the fourth quarter, raising the company’s total capacity with a unit in Minas Gerais to 3 million tons per year.
With this, Verde Agritech should be the largest producer of potash in Brazil, helping to improve the supply of a product that the country imports almost all the volume consumed.
Source: CNN Brasil
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