Grace Breeding registers its NFT biofertilizer in Brazil
Grace Breeding Ltd., a forward-thinking AgClimateTech company developing sustainable bio-based products to improve yield and vigor, has announced that it received the first approval for its NFT Proprietary Bio-fertilizer registration in Brazil, the largest user of bio-based fertilizers . and a leading agricultural exporter. Grace Breeding announced preliminary topline results from this field trial in January and expects full results to be available this quarter.
In November 2022, Grace Breeding announced a strategic research and development collaboration with the University of Londrina (UEL), a prestigious top 10 university in Brazil, based in Paraná state. The university is investigating the ability of Grace Breeding’s NFT solution to improve the absorption of nutrients from the soil and increase carbon sequestration and the efficiency of nitrogenous feeding. These properties will allow farmers to significantly reduce their dependence on synthetic fertilizers. Grace Breeding’s ongoing field trials in this region are also supported by Gaia Agrosolutions, also based in Brazil.
Grace Breeding’s NFT allows farmers to reduce their reliance on synthetic fertilizers, or urea, a nitrogen-based fertilizer, which is harmful to the environment, providing them with an alternative that is more economically viable and increases carbon sequestration. The use of NFT leads to a reduced use of urea, and consequently reduces carbon emissions, which is crucial for slowing damage to the environment.
Grace Breeding’s NFT combines a natural, non-pathogenic bacteria that enables crops to naturally increase the effectiveness of fertilizer, reducing the need for chemical fertilizers. As a result, the process reduces CO2 emissions and leads to a significantly lower environmental impact on soil and groundwater, while at the same time reducing the use of synthetic nitrogen by up to 50 per cent. The global market for chemical nitrogen fertilizers reached a value of over $163.2 billion in 2021, but the use of these fertilizers continues to come under great scrutiny with increased regulation due to their environmental impact on soil and groundwater. As a result, sustainable alternatives that are also competitive for crop health are in demand by farmers and distributors. Grace Breeding’s NFT can be used on a wide range of field crops, including corn, wheat, soybeans and rice, and can be applied less frequently – once, at seeding, rather than three to four times during the season, which is otherwise the norm.
“We are thrilled to have our first NFT product registration approved in Brazil, a key market for agricultural commodities such as corn and soybeans and recently ranked number one in the world for biofertilizer use,” said Assaf Dotan, CEO of Grace Breeding. “The search for more sustainable technologies for agribusiness has been the focus of studies around the world, and our NFT technology offers a sustainable solution, both for reducing nitrogen use and mitigating the harmful effects of urea, as well as increasing carbon sequestration and improving maize growth. We looking forward to the continued development of this program and the preparation of the market in this territory to commercialize this product by the end of the year.”
