Brazil-based potash producer Verdi AgriTech will increase its production capacity to 13 million tonnes per year following the construction of its third plant in 2024.

Engineering studies have begun for the company's third production facility, with completion eyed for the second half of 2022.

Verde AgriTech plans to begin construction in the second half of 2023 and anticipates production to begin in the first half of 2024.

The facility will have a production capacity of up to 10 million tonnes per year of the company's multinutrient potassium products, which includes BAKS and K Forte which is sold as Super Greensand.

The plant will incorporate new technologies developed by Cambridge Tech, 3D Alliance, MicroS Technology, and N Keeper. The Cambridge Tech innovation alters the structure of glauconitic siltstone, improving the ability of plants to obtain potassium and other nutrients.

3D Alliance's technology alters the three-dimensional structure of raw materials added to fertiliser, allowing the fertiliser's nutrients to be more evenly distributed in soil.

Technology developed by MicroS is an elemental sulphur micronisation process that creates a larger contact surface, and increases the availability of nutrients to plants.

N Keeper's technology changes the physical-chemical properties of glauconitic siltstone to allow for greater retention of ammonia, which serves as a calibrated additive in nitrogen fertilisers.

Verde AgriTech Plant 1 production capacity is at 600,000 tpy, while Plant 2, which is on track to start production in the September quarter, will have an initial 1.2 tpy production capacity.

The company expects Plant 2 to reach 2.4 tpy capacity early in the December quarter.

By December, Verde AgricTech anticipates reaching 3 million tpy, which would make it Brazil's largest producer of potash.

The company is continuing work on a prefeasibility study to increase production to 50 million tonnes of Verde's product.