Currently, there is a global shortage in fertilisers leading to subsequent price increases, which are threatening the supply chain for Australian farmers. Over 90% of urea is currently imported, with Western Australia, in particular, depending on international imports of urea ammonium nitrate.
To combat this, H2Gro was established with the ambitions of building a homegrown green fertiliser industry to ensure sovereignty over the nation’s food & agriculture supply.
The company intends to fill this large gap in the market by becoming Australia’s first industrial manufacturer of green urea fertiliser, which will help provide reliable supply for the Australian $5.3b fertiliser industry and lower the current reliance on importing carbon intensive fertiliser from overseas manufacturers.
The company’s directors have begun leveraging their strong network of relationships in Western Australia through discussions with potential offtakers, to secure land for production and gain access to the 10 million tonnes of biomass waste which can be used to produce the fertiliser.
This will be supported by H2Gro’s technology partner CAC-H2 which has a proven track-record in developing carbon-free production capabilities and Biomass Projects, the company’s lead on engaging stakeholders/customers/suppliers in the region.
Once the agreements are in place, the plant is designed and building permits are approved, H2Gro will seek a listing on a favourable exchange in Q1 2023 to finance the production of their facility.
Following this, the company will have a commercially operating plant in Q4 2023.
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