Brazil Potash Strengthens Advisory Board with Seasoned Agricultural Finance Expert
TL;DR
Marcelo Lessa's appointment to Brazil Potash's board brings 30 years of finance expertise, boosting its Autazes Project's construction financing strategy.
Brazil Potash's Autazes Project aims to supply sustainable fertilizers using river barges, reducing Brazil's reliance on potash imports and mitigating GHG emissions.
Brazil Potash's initiative to domestically produce potash can potentially supply 20% of Brazil's demand, reducing imports and mitigating 1.4M tons/year of GHG emissions.
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Brazil Potash Corp. has strategically enhanced its advisory board by appointing Marcelo Lessa, a finance professional with extensive experience in agricultural investments. Lessa brings over 30 years of expertise, including 16 years of service with the International Finance Corporation (IFC) and World Bank.
The appointment is particularly significant as Brazil Potash advances its Autazes Project, a critical mineral potash development aimed at reducing Brazil's heavy reliance on potash imports. In 2021, Brazil imported over 95% of its potash fertilizer requirements, despite having potential for substantial domestic production.
Lessa's deep understanding of agricultural finance and infrastructure project funding is expected to play a crucial role in supporting the company's construction financing strategy. His expertise could be instrumental in securing the necessary financial resources to develop what management believes could be a transformative potash production facility.
The Autazes Project aims to produce up to 2.4 million tons of potash annually, potentially supplying approximately 20% of Brazil's current potash demand. The project not only promises to enhance domestic fertilizer production but also offers significant environmental benefits, with projections indicating a reduction of approximately 1.4 million tons of greenhouse gas emissions annually.
By partnering with Amaggi, one of Brazil's largest agricultural logistics operators, Brazil Potash plans to transport its potash production via low-cost river barges, further optimizing the project's economic and environmental efficiency.
Curated from InvestorBrandNetwork (IBN)
