Further to its press release of
The JDA enables the completion of detailed technical studies and negotiation of financial terms over the next year, leading to the launch of a first industrial plant using cocoa pod husks to annually produce electricity (1.8MW) and 2,500 tonnes of ash which will be transformed into a mix of food grade potassium carbonate crystals (at 99% purity), potassium carbonate solution and organic sourced fertilisers using OPC’s licenced technology. As a term of the JDA, OPC will be contributing technical expertise.
Following the potential successful launch of this first integrated energy/potash plant, the project partners intend to install similar modular units with an objective to produce an annual minimum of 10MW of electricity and process over 12,500 tonnes of cocoa husk ash in Côte d’Ivoire.
From a socio-economic impact perspective, the project is expected to increase and diversify the revenues of cocoa farmers, especially women, provide electricity to remote rural regions through mini-grids, reduce imports of potassium carbonate for local chocolate manufacturers, provide organically sourced fertiliser to farmers and reduce the impact of pests and diseases on cocoa farmers as a results of cocoa husks previously abandoned on farms.
OPC further announces the closing of its Private Placement announced in its press release of
Mrs
About
Through its proprietary licensed, patented technology,
For further information please contact:
Mrs.
President and CEO
Tel: (905) 452-8060
E-mail: heather.welner@organicpotash.com
Web: www.organicpotash.com
Forward-Looking Statements
Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CNSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CNSX) accepts responsibility for the adequacy or accuracy of this release.
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