Emmerson PLC (AIM:EML) chief executive Graham Clarke discusses the company's groundbreaking Khemisset Multi-mineral Process (KMP) in an interview with Proactive's Stephen Gunnion.
Clarke said the KMP will revolutionize its Khemisset Potash Project with environmental and economic benefits, aligning with Morocco's sustainability goals. The process transforms waste brines into valuable products like slow-release fertilizers, reducing runoff risks and lessening overall fertilizer usage. Significantly, it cuts water consumption by 50%, a crucial advancement in drought-stricken Morocco.
Clarke highlighted the financial impact of KMP, boosting the project's Net Present Value from $1 billion to $2.2 billion and the Internal Rate of Return from 26% to 40%, despite inflation and rising equipment costs. This surge is attributed to monetizing waste products into two new offerings: Struvite and Vivianite, with conservative market pricing yet potential for higher returns due to their unique qualities.
The interview also touched on the new fertilizer products, Struvite and Vivianite, alongside byproducts like ammonium chloride and industrial-grade salt, exploring recycling and market expansion possibilities.
Clarke concluded with updates on further optimizations, the integration of KMP into feasibility studies, and the pursuit of offtake agreements.