CO2 GRO Inc (TSX-V:GROW, OTCQB:BLONF) has announced a commercial feasibility study of its CO2 Delivery Solutions system in Japan for an unnamed high-tech controlled environment agriculture (CEA) grower.
The feasibility will be carried out in a section of one of the Japanese firm's commercial greenhouses for up to 12 months, particularly focused on assessing the system's impact on life cycle acceleration, increased biomass growth and CO2 usage.
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"This is our first Japanese project to showcase our CO2 Delivery Solutions benefits," noted CO2 GRO's vice-president (VP) of sales and strategic Alliances, Aaron Archibald.
"In our Q1 2021 MD&A, we mentioned our 2021 objectives to include opening up Japan and Spain protected ag markets and finalizing a Mexico marketing partner, which we have now done. We are comfortable based on our ever-increasing feasibility data that our technology will provide the desired plant yield and pathogen protection while reducing their ecological footprint."
Last year, Japan presented its "Green Growth Strategy Through Achieving Carbon Neutrality in 2050", which means that CO2 usage will become an ever-increasing challenge for Japanese protected agriculture facilities in coming years.
Like the Netherlands, the much larger 5 billion square foot (sq ft) Japanese protected agriculture market is mostly high-tech CEA, but the average Japanese greenhouse is much smaller (0.5 hectares versus 10-50 hectares in the Netherlands).
GROW's proprietary CO2 Delivery Solutions technology is revolutionizing the global 600 billion sq ft protected agriculture industry.
It creates a saturated CO2 solution that when misted onto plants provides growers that cannot gas with CO2, the opportunity to increase plant yields by up to 30% and profits by up to 100%.
Applying saturated CO2 also suppresses the development of pathogens such as E.coli and powdery mildew, helping to reduce crop losses.
Contact the author at giles@proactiveinvestors.com