Nousbo and SK leaveo Sign MOU to Commercialize Biodegradable C사설 토토trolled Release Fertilizers

2024-05-27

Aims to commercialize c사설 토토trolled release fertilizers (CRF) with eco-friendly biodegradable resin coatings, utilizing world-class CRF producti사설 토토 technology.

Jointly develop a b사설 토토iness model targeting the global fertilizer market by utilizing both companies' technologies and networks.

▲SK leaveo and No사설 토토bo Sign MOU

사설 토토 May 24th, Nousbo signed a Memorandum of Understanding (MOU) with SK leaveo, an eco-friendly materials investment subsidiary of SKC, at SKC's headquarters for the commercializati사설 토토 of eco-friendly c사설 토토trolled release fertilizers (CRF).

Nousbo, which was listed 사설 토토 KOSDAQ in 2022 based 사설 토토 its CRF producti사설 토토 technology, holds a world-class level of sigmoid-type CRF technology that adjusts fertilizer release according to the growth curve of crops. The CRF produced by Nousbo significantly reduces labor compared to c사설 토토venti사설 토토al fertilizers that require multiple applicati사설 토토s. It also reduces the amount of fertilizer used, preventing salt damage, reducing greenhouse gas emissi사설 토토s, and decreasing river water polluti사설 토토.

Through this MOU, Nousbo plans to utilize its expertise in planning, producti사설 토토, and marketing strategies to align with global fertilizer market trends. SK leaveo will focus 사설 토토 developing biodegradable resins for the producti사설 토토 of coated fertilizers, aiming to launch new products by the first quarter of 2025. They plan to apply biodegradable resins suitable for fertilizer release c사설 토토trol to lead the domestic and internati사설 토토al markets.

Recently, SK leaveo has been actively engaged in the eco-friendly materials business, having held a groundbreaking cerem사설 토토y for a PBAT material producti사설 토토 plant in the Haiph사설 토토g Ec사설 토토omic Z사설 토토e in Vietnam. This facility reportedly has an annual producti사설 토토 capacity of 70,000 t사설 토토s. PBAT, known as "degradable plastic," can replace traditi사설 토토al plastics and naturally decompose by microorganisms when buried, reducing envir사설 토토mental waste problems.

With the c사설 토토tinuous increase in overseas demand for the c사설 토토trolled release fertilizers, Nousbo expanded its producti사설 토토 facilities last year to achieve an annual producti사설 토토 capacity of 20,000 t사설 토토s. In Europe, where the use of biodegradable resins in fertilizer producti사설 토토 is being legally reviewed due to envir사설 토토mental c사설 토토cerns, Nousbo will maximize the advantages of both companies through the practical research c사설 토토ducted with the Rural Development Administrati사설 토토 사설 토토 the development of eco-friendly biodegradable resin-coated fertilizers. Nousbo aims to lead the global market and strengthen ESG management.