Grace Breeding’s NFT bio-fertilizer receives its first product registration approval in Brazil

Date:05-25-2023

Grace Breeding Ltd. (the "Company" or "Grace Breeding") (TASE: GRAC), a forward-thinking AgClimateTech company developing sustainable biological-based products to improve crop yield and vigor, announced that it received the first approval for its NFT Bio-fertilizer registration in Brazil, the largest user of bio-based fertilizers and a leading agricultural exporter.

″We are thrilled to have our first product registration of NFT approved in Brazil, a strategic key market for agricultural staples such as corn and soybean and recently ranked as the number one country in the world in terms of adoption of biofertilizers¹,″ said Assaf Dotan, CEO of Grace Breeding. ″The search for more sustainable technologies for agribusiness has been the focus of studies around the world, and our NFT technology offers a sustainable solution – both to reduce nitrogen use and curb the detrimental effects of urea – as well as increase carbon sequestration and improve corn growth. We look forward to the continued advancement of this program and priming the market in this territory to commercialize this product by year-end."

Grace Breeding’s NFT will allow farmers to significantly reduce their dependence on synthetic fertilizer, or urea, a nitrogen-based fertilizer, that is harmful to the environment, as well as provide them with an alternative that is more economically viable and increases the carbon sequestration. The use of NFT leads to reduced use of urea and consequently lower carbon emissions which is crucial for slowing damage to the environment.

Grace Breeding’s NFT has been undergoing field trials in this region on corn plants with partners at the University of Londrina (UEL) and Gaia AgroSolutions, both based in Brazil. Grace Breeding announced preliminary topline results from this field trial in January and expects complete results to be available this quarter.

About the Collaboration Between Grace Breeding and UEL

In November 2022, Grace Breeding announced a strategic research and development collaboration with the prestigious University of Londrina (UEL), based in Paraná State, Brazil. UEL is a top 10 University in Brazil. The University is investigating Grace Breeding’s NFT related to improving absorption of nutrients from the soil as well as increasing carbon sequestration and the efficiency of nitrogenous feeding. These attributes would allow farmers to significantly reduce their dependence on synthetic fertilizer.

About Grace Breeding’s NFT

Grace Breeding’s NFT works in combination with a natural, non-pathogenic bacteria enabling crops to naturally increase its fertilizers efficiency and reduce the need for chemical fertilizers. As a result, the process reduces CO₂ emissions and leads to a significantly lower environmental impact on soil and the ground water, while reducing synthetic nitrogen use by up to 50%. The global market for chemical nitrogen fertilizers reached a value of over $163.2 billion in 2021², but use of these fertilizers continues to come under great scrutiny with increased regulation due to their environmental impact on soil and ground water. As a result, sustainable alternatives that also are competitive for crop health are in demand by farmers and distributors. Grace Breeding’s NFT can be applied across a wide range of field crops including corn, wheat, soy and rice, and can be applied less frequently – once, during sowing versus three to four times during the season, which is otherwise the norm.

About Grace Breeding

Grace Breeding is an AgClimateTech company focused on developing environmentally sustainable products that are biologically based and provide efficient and natural solutions for farmers and distributors. Grace Breeding aims to disrupt crop agriculture – by providing solutions for crop Biofertilization and climate stress relief and offering innovative products and solutions that reduce the environmental damage caused by synthetic fertilizers. Grace Breeding has an R&D center in Israel and in parallel the company is developing its products with several leading research and development centers around the world. 

References:

¹Source: Jovem-pan-news, McKinsey & Company (4.2023)

²Fertilizer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027