Agrion Agrisolutions, a Brazil-based agriculture innovator, receiveda $50m investment from Global Fund for Coral Reefs, an investment fund managed by Pegasus Capital Advisors.
Dale Galvin, managing director of the Global Fund for Coral Reefs, will also join the board of Agrion.
The investment will be used to expand production and develop eco-friendly product lines of organo-mineral fertilizers that align with sustainable agriculture practices and circular economy principles.
Led by Ernani Judice, CEO and founder, Agrion develops, implements, operates and makes all the investments in industrial plants for solid organic mineral fertilizers with controlled release of nutrients, liquids and bio-inputs, built on the site of the sugar-energy plants, in a circular economy format, thus optimizing logistical costs and generating operational and commercial synergies.
The company currently produces approximately 60,000 tons of valuable fertilizers using vinasse and filter cake sugarcane waste products at its facility in Tupaciguara, in collaboration with the bioenergetics company Aroeira.
FinSMEs
27/08/2024