KAMLOOPS, BC, July 5, 2022 /CNW/ – Progressive Planet Solutions Inc.. (TSXV: PLAN) (“PLAN”, “Progressive Planet” or the “Company“), a disruptive innovator for cement and agricultural technology, announces its expansion into custom-blended regenerative fertilizers and soil amendments using new specialized mixing equipment.
PLAN has been performing since August 2020 in its pilot plant. The pilot plant has now been completely dismantled and all industrial-scale equipment has been moved to Kamloops.
Using new mixing equipment that was fully paid for with the acquisition of Absorbent Products, PLAN can now evenly mix up to 20 tons per hour of multi-ingredient custom fertilizer powders to exact customer specifications.
Custom blends of fertilizers are applied at different times and for a variety of desired results. For example, Hydr8™ soil amendment is a combination of biochar, zeolite and humates in an easy-to-apply blend. Adding Hydr8 to native soils increases graft viability and improves plant resistance to drought and stress. This week, PLAN launched the first commercial production of Hydr8 in partnership with Eco Health Industries Ltd. (“Eco Health“).
“We have been developing Hydr8 in our own lab with small-scale trials over the past three years. After receiving our first commercial order from a famous 40-year-old winery in the Okanagan, we sought out a company to blend We visited the Progressive Planet Products facility to witness the mixing of Hydr8 and were impressed with the throughput and quality of their new mixing equipment,” said Darcy Lepine, co-owner of Eco Health. “The blending equipment gives me great confidence that Progressive Planet Products can scale the processing of this exciting new product for our business without us having to invest in new equipment ourselves.”
The next phase of product offerings will be the ability to convert fertilizer powders to granules to allow application of specialty fertilizer granules using traditional fertilizer spreaders. To enter the granular fertilizer market, PLAN ordered a 16 foot wide disc granulator in May 2022 and awaits the delivery of this granulator in August 2022 with plans to begin producing single-ingredient, custom-blend regenerative fertilizer pellets in fall 2022.
About Progressive Planet
Progressive Planet is a B2B disruptive technology innovation company that provides circular solutions using micronized minerals for the cement and agriculture sectors. PLAN develops and produces a portfolio of proprietary solutions focused on CO2 sequestration and minimizing our customers’ carbon footprint.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains forward-looking information within the meaning of Canadian securities laws. Although the Company believes this information to be reasonable, it cannot guarantee that these expectations will prove to be correct.
Forward-looking information is generally identified by words such as “believe”, “expect”, “anticipate”, “intend” and similar expressions, or are those which by their nature refer to future events. The Company cautions investors that the forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in the forward-looking information due to a variety of factors, including, but not limited to: the company’s ability to complete the acquisition as described; the Company’s ability to complete the proposed private placement; the general state of the industry in which the Company operates; the state of financial markets generally; and other risks and factors not presently known to the Company.
SOURCE Progressive Planet Solutions
Show original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2022/05/c0353.html