Genesis Fertilizers low carbon-intensity fertilizer plant

Genesis Fertilizers partners with CARBONCO and Whitecap to develop low carbon-intensity fertilizer plant.

Genesis Fertilizers Limited Partnership has formed strategic partnerships with CARBONCO Pte. Ltd. and Whitecap Resources Inc. to develop a low carbon-intensity fertilizer facility in Belle Plaine, Saskatchewan. CARBONCO will supply advanced carbon capture technology to capture up to 1 million metric tonnes of CO2 annually, while Whitecap will oversee the CO2 transportation and storage through its Belle Plaine Carbon Hub.

The facility will increase its production capacity from 700,000 to over 1,128,000 metric tonnes per annum of ammonia and nitrogen-based fertilizers. This expansion is aligned with the rising demand for low-carbon fertilizers in North America and aims to lower production costs and enhance efficiencies.

Jason Mann, CEO of Genesis Fertilizers, emphasized that these partnerships will help reduce emissions while ensuring a competitive supply of nitrogen fertilizer for farmers. The project is expected to create over 1,500 construction jobs and 180 permanent positions, injecting millions into the local economy.

The Front-End Engineering Design phase will commence soon, with operations set to begin by 2029. Updates on the project will be shared regularly. For more information, visit www.GenesisFertilizers.com.

Note : This announcement contains forward-looking statements that involve risks and uncertainties. Actual results may differ from those anticipated. This is not a solicitation to invest in Genesis Fertilizers.