Verde AgriTech Ltd
Initiating Field Studies for Carbon Capture/Fertilizer Prices Stabilizing
Published: 12/21/2023
Author: Sid Rajeev, B.Tech, CFA, MBA
![Initiating Field Studies for Carbon Capture/Fertilizer Prices Stabilizing - Main Image](/_next/image?url=https%3A%2F%2Ffrc-backend.s3.ca-central-1.amazonaws.com%2Fpictures%2F647d980a-c676-455f-a75c-d211f32ed699-VerdeReportImage.webp&w=1080&q=75)
Sector: Basic Materials | Industry: Agricultural Inputs
Ticker Symbols:
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Highlights
- Verde is initiating field studies aimed at assessing the capability of its project in capturing carbon dioxide. A third-party study has indicated that a tonne of Verde’s products can potentially extract 120 kg of carbon dioxide through Enhanced Rock Weathering (ERW). ERW involves artificially accelerating the natural weathering of rocks to remove and sequester carbon dioxide from the atmosphere.
- Verde’s existing facilities can generate up to 300 Kt of carbon credits annually, implying US$15M in potential revenue, assuming a highly conservative estimate of US$50/tonne CO2. Verde is currently engaged in discussions with various parties regarding the sale of its carbon credits