Cinis Fertilizer AB signed an agreement with Ascend Elements Inc. The agreement pertains sourcing of sodium sulphate, an input for Cinis Fertilizer's production of environmentally friendly mineral fertilizer. This agreement and a collaboration with K+SMinerals and Agriculture GmbH ("K+S"), a global potash player and Europe's largest salt producer, lay the foundation for Cinis Fertilizer to establish a production plant in the US state of Kentucky. The plant will be the third after the company's first two plants in Sweden.

The establishment in the USA is part of Cinis Fertilizer's growth plan to reach a production of 1.5 million tons of potassium sulphate in six facilities at the end of the year 2030. The investments in Cinis Fertilizer's US plant are estimated to amount to SEK 1 billion. Cinis Fertilizer signed a ten-year agreement with Ascend Elements, an independent manufacturer of advanced engineered battery materials with operations in multiple locations in the USA, that is currently building its largest facility in Hopkinsville, Kentucky.

The agreement pertains to sourcing of up to 240,000 tons per annum of sodium sulphate starting in 2026. Cinis Fertilizer has entered into a letter of intent with K+S regarding the sale (off-take) of the finished product, potassium sulphate, and also to purchase potassium chloride from K+S' facilities in Saskatchewan in Canada to Cinis Fertilizer's plant in Hopkinsville. Cinis Fertilizer's plant is scheduled to start in 2026, with the capacity to produce up to 300,000 tonnes of potassium sulphate per annum for the North American market.

Cinis Fertilizer's business concept is to produce environmentally friendly mineral fertilizer by using half as much energy as today's production methods, resulting in a fossil free fertilizer with a close to zero carbon footprint. A unique contribution to a more sustainable agriculture industry.