Australia Fertoz sees strong demand for its US-made fertilizer pellet product Fertify
HOUSTON (ICIS)–Australian phosphate producer Fertoz Limited announced it has orders for 18,000 tonnes of its new phosphate fertilizer pellet product Fertify for delivery by April 2023.
Production is set to commence in January on Fertify volumes, which contain 40% rock phosphate, under a joint venture agreement at a facility in Montana.
In June, the company formed a joint venture with Montana-based Excel Industries to develop a fertilizer pelleting plant capable of manufacturing 80,000 tonnes of pellets/year. Fertoz said it had invested $1.28m towards the plant.
With Fertify, the producer is targeting customers within the organic and regenerative agriculture market in North America and said it will accept more orders once further production capacity becomes available.
“We are extremely pleased with the response by the market to Fertify which has quickly exceeded production capacity in the first four months of planned operations,” said Daniel Gleeson, Fertoz CEO.
“This early demand reflects need for the high-quality, value-added product we had envisioned for the market and look forward to making this available more broadly as the demand continues to grow.”
In addition, the company has signed a 10-year rock phosphate offtake agreement under which it intends to deliver 120,000 tonnes in the first half of the deal to an unnamed fertilizer manufacturer in North America.
Fertoz said it is seeing stronger demand overall for its rock phosphate volumes, with it on track to deliver 40,000 tonnes in 2023.
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