Investments in fertilizers and green energies
(PresseBox) - Russia s invasion of Ukraine and recent developments there raise fears of an energy and fertilizer crisis.
Global food security and food prices have become a present topic. Not only the EU, but worldwide, including in developing countries, there are challenges that industry and farmers must overcome. Potash fertilizers, which traditionally come from Canada, Russia, and the Middle East, are essential. Without potash fertilizers, it can t work. It also requires a significant amount of transportation. One major country that needs a lot of potash fertilizer is Brazil. Around twelve million tons of MOP (potassium chloride) are imported there every year. The two most sought-after types of potash fertilizer are MOP and SOP. MOP ensures improved soil health and supports the disease resistance of plants.
One company, Millennial Potash - https://www.commodity-tv.com/ondemand/companies/profil/millennial-potash-corp/ -, scores with a significant cost advantage. This is because, compared with other competitors, Millennial Potash is closer to important potash markets and is developing the project rapidly. The delivery time to Brazil and the Asian markets, and thus the costs, are significantly shorter than those of other suppliers. In Africa, in Gabon, the Banio potash project is located in a proven potash basin. Gabon is mining and development friendly.
The sustainable path to the future not only concerns the food supply, but of course also the energy transition. The linchpin here is the sufficient supply of the white gold, lithium. This is because the lithium in lithium-ion batteries cannot be replaced by other substances in the foreseeable future. Most lithium is consumed by the electric vehicle industry. The second important area is the energy storage sector.
Promising lithium projects are held by Targa Exploration - https://www.youtube.com/watch?v=3OiWtGti9Oo - in Quebec, for example. Recently, lithium projects in Ontario and Saskatchewan were added through the acquisition of Pan Canadian Lithium, which is now a wholly owned subsidiary of Targa Exploration.
Current corporate information and press releases from Millennial Potash (- https://www.resource-capital.ch/en/companies/millennial-potash-corp/ -)
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Unternehmensinformation / Kurzprofil:
Datum: 09.06.2023 - 03:36 Uhr
Sprache: Deutsch
News-ID 685311
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