Verde AgriTech Announces Partnership with WayCarbon to Bolster the Development and Monetization of Its Carbon Removal Project
Located in São Gotardo within the state of Minas Gerais, Brazil, Verde's operations are underpinned by one of the world?s largest potash resources, at 5.9 billion tons as approved by the Brazilian Mining Agency, of which 3.32 billion tons have been certified under Canadian National Instrument 43-101.1 Thereupon, Verde has a total capture potential of 0.7 gigatons of CO2 from the atmosphere,2 which would establish it as one of the world's largest carbon capture projects.
As Brazil's largest potash producer by capacity, Verde has an annual production capacity of 3 million tons. With no further CAPEX investment, the Company is capable of capturing up to 0.36 million tons of CO2 per year based on its existing production facilities.