Can unloved brown coal be converted into an agricultural fertilizer that is orders of magnitude cheaper to produce than what is currently available?
Sounds crazy – but it might just work.
All indications to date demonstrate that Greenpower Energy Limited (ASX: GPP) has the goods to progress with the commercialisation of a technology – known as OHD – that is safe, environmentally friendly and involves inexpensive throughput costs which could change the game for farmers in Australia.
Recent OHD trials found that GPP’s fertilizer can increase wheat yields by circa 300% compared to untreated control wheat. More trials are currently being conducted with results to be released soon…
GPP has the exclusive OHD rights to the Australian and New Zealand market for the next 15 years, meaning it could significantly shake up not only the fertiliser market, but also the $63.8 billion Australian agricultural sector.
While it is steadily de-risking this technology before our very eyes, the next step for GPP will be releasing a PFS on a 20 tonne per day OHD manufacturing plant.
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It is not all about fertiliser for this $30 million capped company. GPP also has a lithium exploration play and potash play up its sleeve, with first assay results at its South American lithium projects already delivering encouraging results, with final assays imminent.
There is significant newsflow to come from all three of GPP’s projects in the coming months, as it looks to shore up success on a range of new energy focused fronts.