Agrion Plans to Build New Fertilizer Plants in Brazil
USAgNet - 08/19/2024
Agrion Fertilizers and the American manager Pegasus Capital Partners sealed an investment agreement that could reach up to R$ 50 million. The resources, from Global Fund for Coral Reefs, will be used to build ten new special fertilizer factories and to develop
other products. The main shareholder of the American fund is the Green Climate Fund of the UN (United Nations).
Ernani Judice, CEO and founder of Agrion, will remain the majority shareholder, controller and responsible for managing the company. "This relevant investment from a North American fund will bring us a global ESG endorsement from the UN, in addition to
allowing us to expand, as we have more than ten memorandums signed for new factories. It will also allow the development of new product lines, always with integrated production, circular economy and with a focus on increasing productivity while reducing
environmental impacts in the plant nutrition segment," he said.
Currently, Agrion produces around 60 thousand tons of fertilizers at its factory located in Tupaciguara (Minas Gerais), together with the bioenergetic company Aroeira. The fertilizer is made from vinasse and filter cake, sugarcane waste generated by the plant,
and sold to the plant itself and to the market. According to Judice, the goal is to replicate the model with 20 new plants over the next 10 years.
