You and your food. In these challenging times, our relationship to food has changed dramatically.
One Company that has been advancing its business to meet this need before the word “pandemic” was a part of our daily conversation is
EarthRenew Inc. (CSE: ERTH).
For those that need a refresher, this Company’s business centres around transforming livestock waste into high-grade organic fertilizer that is used by both traditional and organic growers across Canada and the US as part of a global industry that is worth around $120 billion (CAD). EarthRenew’s flagship operation sits on a 25,000 head cattle feedlot in Alberta.
When Stockhouse Editorial last covered EarthRenew
in April 2020, proof of concept was underway and the organic fertilizer producer was moving ahead with scaling its business.
Since then, EarthRenew has begun exciting partnerships with two of Alberta’s top agricultural institutions to
initiate plot field trials to test yield and soil health characteristics related to its organic fertilizer formulations. In connection with these partnerships, EarthRenew will pay
Olds College ~$19,000 and
Lethbridge College ~$9,000 covering the direct equipment and field costs.
Through these partnerships, EarthRenew is focused on a new set of field trials for its fertilizer with two key objectives:
- Validate historical results on yield and soil health
- Provide data on new blends and formulations appropriate for commercialization
Upon completing these field trials, EarthRenew not only expects to gather data for its historical fertilizer formulation, but also expects to evaluate a number of new formulations that include biochar (aka “biomass”, a charcoal-like substance made by burning organic material from agricultural waste).
EarthRenew CEO Keith Driver explained to investors that having access to well-known and respected, applied research
institutions such as Olds College offers a measurable advantage to the Company as it collects academic data on the efficacy of its organic fertilizer formulations.
“We intend for these new partnerships with Olds College and Lethbridge College to be the start of a scientific relationship that helps us develop new organic fertilizer formulations that meet the changing needs of farmers. We believe that consumers are growingly increasingly aware and concerned about where their food comes from and how it’s grown. EarthRenew has the opportunity to deliver an environmentally sustainable fertilizer solution that reduces farm waste and increases organic yields. We project that implementing rigorous testing and data collection with our academic partners will help us deliver value-add organic fertilizer products to farmers and gardeners.”
In a recent letter to shareholders, CEO Driver also stated that the Company recently obtained a facility permit extension from the Ministry of Alberta Environment and Parks. It had also begun
engineering of a new facility design at the Strathmore site, which will allow EarthRenew to produce 10 tonnes of product per hour.
Located in Strathmore, Alberta, the Company’s flagship plant is capable of producing upwards of four megawatts (MW) per hour of low-cost electricity that is powered by a natural gas turbine. All heat that is exhausted from the turbine is used to convert manure into fertilizer certified for organic use. This facet of its operation generates further cash flow alongside the fertilizer business.
These are just some of the recent developments behind EarthRenew that are likely to help advance its leading business in the organic fertilizer market and investors should keep watch of where this Company heads next.
FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.