EarthRenew Inc. (CSE:ERTH) is pleased to announce that recent product formulation testing with CCm Technologies Limited (“CCm”), a United Kingdom-based company, has resulted in several potential innovations and processes for converting waste organic streams into high quality organic fertilizer products. EarthRenew anticipates that the outcomes of these tests will help create a higher value organic fertilizer product for the company.EarthRenew sent samples to CCm at the beginning of January 2020 to investigate how CCm’s award-winning carbon capture and utilization technology could improve the nutrient profile of EarthRenew’s existing product formulation. Using EarthRenew’s feedstock as a base, CCm was able to produce a 7-1.7-2.2 NPK ratio organic fertilizer product. This exciting result gives us reason to believe that implementing CCm’s technology into our own processes could lead to the development of a wide range of specialist formulations in the future.
The higher the number published on fertilizer product packages – which represent the value of the three macro-nutrients used by plants,namely nitrogen (N), phosphorus (P) and potassium (K) – the more concentrated the nutrient is in the fertilizer. Nitrogen is largely responsible for the growth of leaves on the plant, phosphorus is largely responsible for root growth and flower and fruit development and potassium is a nutrient that helps the overall functions of the plant perform correctly. EarthRenew in its original product formulation has a 1.8-1-1.6 NPK ratio pelleted fertilizer product. In addition to delivering NPK nutrients, EarthRenew fertilizer also helps with water retention, builds organic carbon content and provides soil aeration to help grow healthy plants.
“Using CCm’s technology, we hope to develop specific formulations to meet the needs of different plants and growing conditions that are competitive with the nutrient inputs of conventional fertilizer,“ Keith Driver, EarthRenew CEO, commented. „Our plan is to develop an integrated, sustainable system that maximizes the efficacy of the waste that is being transformed into organic fertilizer. In addition to our collaboration with CCm, we have various other initiatives under development to accomplish these goals.” Organic fertilizer products sell in the wholesale market for between C$250-$2,000 per tonne, depending on formulation – with particular emphasis on nitrogen content. With the addition of CCm’s technology, EarthRenew anticipates that it will be able to increase the organic nitrogen content of its pelleted fertilizer, creating a higher value product. By increasing the nitrogen content of our fertilizer from 1.8% to 7%, EarthRenew expects be able to sell this product at a correspondingly higher price, thereby capturing at least some portion of the 4 times multiple increase in nitrogen content.
