Verde AgriTech reaches production capacity for second plant at Brazil potash project

HOUSTON (ICIS)–Verde AgriTech announce that its second production plant at the Cerrado Verde project in Brazil has achieved its nameplate production capacity of 1.2m tonnes/year of their multinutrient potassium product branded as K Forte.

Plant two was commissioned on 31 August and the facility is now undergoing expansion to achieve 2.4m tonnes/year of capacity.

Verde’s plant one operates at a capacity of 600,000 tonnes per year so with plant two’s output the company’s production capacity at the project is now 1.8m tonnes/year but it is expected that when plant two achieves its total capacity by late Q4 that Verde’s overall production will be at 3m tonnes/year.

The company has also previously outlined plans for a third plant at the site which could add additional future tons.

Currently, Brazil ranks second in the world for potash consumption but is first in terms of imports as the country relies heavily on inbound shipments for its potash needs.

“We are proud to see the successful ramp up at plant two, which will ensure a 200% increase in production. Verde has been sold out of product and had to push back deliveries, a growing demand that plant two will help meet,” said Cristiano Veloso, Verde AgriTech CEO.

The company recently announced that it has rectified the water issues encountered during construction of improved access to plant two with the company having upgraded the road infrastructure, including 22km of roads, 14km of asphalting, and the construction of a new bridge.