Reno, Nev.-Just like the major players, little Itronics Inc., which produces liquid fertilizer from chemicals recovered from photographic wastes, is enjoying higher demand for its product. Still, not a lot of it can be attributed to the rush to grow more corn – at least not for the time being. Energized by a 52 percent increase in revenues and a 74 percent increase in fertilizer sales in the first quarter of 2007 compared to the same period in 2006, Reno-based Itronics is forecasting that demand for GOLD’n GRO will double this year, and for the first time since launching into this business is starting to show a profit. California, where it is used on cotton, silage corn, alfalfa, orchards, and vineyards, remains Itronics’ largest market, but the company is also expecting another lift from preliminary results from tests at Utah State University that found GOLD’n GRO improved crop growth. Still, the company will have to wait while field tests are conducted and the appropriate fertilizer registrations are approved in Cornbelt states before even getting its foot in the door. Meanwhile, Itronics has acquired two substantial photoservices customers that are expected to significantly expand used photochemical supplies to support on-going growth in GOLD’n GRO fertilizer sales in 2007. During the year the company also obtained an additional $2 million in financing.
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