Curated News
By: NewsRamp Editorial Staff
April 28, 2025
Brazil Potash Appoints Marcelo Lessa to Advisory Board for Autazes Project
TLDR
- 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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Impact - Why it Matters
This news highlights the strategic move by Brazil Potash to strengthen its advisory board with the appointment of Marcelo Lessa, signaling progress in the company's construction financing strategy for the Autazes Project. The development of sustainable fertilizers domestically could have a significant impact on Brazil's agricultural sector and its overall reliance on potash imports, potentially reducing greenhouse gas emissions.
Summary
Brazil Potash (NYSE-American: GRO) has appointed Marcelo Lessa to its advisory board to support the company's construction financing strategy for its Autazes Project. Lessa's extensive experience in agriculture finance is expected to play a key role in advancing the development of Brazil Potash's critical mineral potash asset.
Brazil Potash is developing the Autazes Project to supply sustainable fertilizers to Brazil, aiming to reduce the country's reliance on potash imports while mitigating greenhouse gas emissions. The company plans to partner with Amaggi for transportation using low-cost river barges, with an initial annual production capacity of 2.4 million tons.
Source Statement
This curated news summary relied on this press release disributed by InvestorBrandNetwork (IBN). Read the source press release here, Brazil Potash Appoints Marcelo Lessa to Advisory Board for Autazes Project
