Cinis Fertilizer AB ("Cinis Fertilizer") has today signed an agreement with
Cinis Fertilizer today signed a ten-year agreement with Ascend Elements, an independent manufacturer of advanced engineered battery materials with operations in multiple locations in the
Cinis Fertilizer's business concept is to produce environmentally friendly mineral fertilizer by using half as much energy as today's production methods, resulting in a fossil free fertilizer with a close to zero carbon footprint. A unique contribution to a more sustainable agriculture industry.
"In the past year, we have experienced massive international interest in our environmentally friendly fertilizer, where circularity and fossil-free production are key. For manufacturers of batteries, it is important that the entire production chain meets high requirements for resource efficiency and environmental friendliness. The agreement with Ascend Elements in addition with the letter of intent with K+S, which includes the purchase of our full plant production capacity, gives us the confidence we need to establish Cinis Fertilizer on the American market," says
Furthermore, Cinis Fertilizer has entered into a letter of intent with K+S regarding purchase of 250,000 tonnes potassium chloride.
Sales of potassium sulphate to K+S
In addition to the letter of intent to purchase potassium chloride, Cinis Fertilizer has signed a letter of intent with K+S regarding the sale of the entire production volume of environmentally friendly fertilizer from the facility in
"It is very exciting to be able to participate and contribute to Cinis Fertilizer's development into a global player. For K+S, Cinis Fertilizer's establishment in the
Cinis Fertilizers considered facility in
The facility will be built in close vicinity to Ascend Elements' operations in
The investments in Cinis Fertilizer's plant in
"It is fantastic that Cinis Fertilizer already now is taking a first step outside the Nordics and continue our planned expansion. We are very pleased to have Ascend Elements as a long-term partner, and we look forward to embarking on our journey together and further develop our collaboration. Ascend Elements is a leading manufacturer of battery materials, specifically so-called precursors ("pCAM") to the North American market for lithium-ion cells, primarily used in electric vehicles," says
Cinis Fertilizer is currently building its first production facility outside of the town of Örnsköldsvik in
For more information, please contact:
anders@cinis-fertilizer.com
+46 709 994 970
jakob@cinis-fertilizer.com
+46 768 58 12 86
This information is such information that Cinis Fertilizer is obliged to make public pursuant to the EU's Market Abuse Regulation. This press release has been prepared with a Swedish and an English version. In the event of any discrepancies between the two, the Swedish version applies. This information was published, through the agency of the contact persons above,
About Cinis Fertilizer
Cinis Fertilizer is a Swedish green-tech company aiming to produce the world's most environmentally friendly mineral fertilizer, potassium sulphate (SOP), by recycling industrial waste products from the car battery manufacturing industry as well as the pulp & paper industry. The patent protected technology will use half as much energy as today's production methods and the result is a fertilizer with a close to zero carbon footprint, a unique and circular contribution enabling sustainable agriculture.
About Ascend Elements
Based in
About K+S
K+S makes an important contribution to society: We enable farmers securing the world's food supply. Our products keep numerous industries running. We enrich consumers' daily lives and ensure safety in winter. With around 11,000 employees, production sites on two continents, and a global distribution network, we are a reliable partner for our customers. At the same time, we are realigning ourselves: We are focusing even more strongly than before on fertilizers and specialties. We are becoming leaner, more cost-efficient, more digital, and more performance-oriented. On a solid financial basis, we are tapping into new markets and business models. We are committed to our responsibility towards society and the environment in all regions in which we operate. For more information: www.kpluss.com
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https://news.cision.com/cinis-fertilizer-ab/i/pm-bakgrund-hopkinsville,c3217328
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