Spent Photochemical Availability No Longer Limits GOLD’n GRO Manufacturing Capacity
Other Major Positives Include Lower Operating Costs, Tripling Finished Product Storage and a 50 Percent Increase in Fertilizer Manufacturing Capacity
“We are making this announcement to inform our investors and our GOLD’n GRO fertilizer customers that we have successfully made the shift to use of a synthetic photoliquid replacement to fulfill that ingredient requirement for the fertilizer manufacturing,” said Dr.
There is no physical change in the GOLD’n GRO fertilizers. They have the same composition, and superior quality, stability, and mixing compatibility as before. The finished quality may be higher due to lack of any trace impurities that are commonly associated with used materials. Most important, there will no longer be manufacturing capacity limitations due to photoliquid supply constraints. There are also major operational and economic benefits which are explained below.
The Company will keep its photochem processing permits in place for at least another year because there is still a small amount of photochemical waste being generated by a small number of customers. However, the reduction in photoliquid processing requirements is making room for more fertilizer raw material storage and for storage of finished fertilizers inside the manufacturing plant. The Company has been studying the feasibility of expanding its GOLD’n GRO fertilizer manufacturing capacity by repurposing some of its photochemical processing capacity and internal tank storage.
There are cost and other benefits being experienced by the reduction in spent photoliquid receipts. The liquid handling requirements have been significantly reduced. Operating staff has been reduced, storage requirements have been reduced, and photochem processing is significantly reduced. These reductions increase internal storage capacity for finished fertilizers by more than 30,000 gallons, which is triple our current finished product bulk storage. In addition, the reactor tank used to process photoliquids is being repurposed for fertilizer manufacturing, resulting in a more than 50 percent increase in fertilizer manufacturing capacity.
In the intermediate term, 2024 operating year, this will allow the Company to avoid about
The transition to the synthetic chemistry represents a fundamental change in the company’s operations. Disconnecting GOLD’n GRO fertilizer manufacturing capacity from spent photochemical supply constraints is a permanent change. This means that GOLD’n GRO sales can be expanded to meet market demands, without distributors and large customers having to be concerned about the amounts that can be reliably purchased on an on-going basis because of recycled material supply limitations that the Company may have. This also establishes GOLD’n GRO fertilizer manufacturing as a permanent business line for the Company. An important consideration for all of the Company’s interested parties.
“We would like to thank our investors for their continued support,” said
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