Phospholutions Inc., a sustainable fertilizer technology company based in State College, Pa., announced that is has partnered with Toros Agri, a fertilizer manufacturer and distributor in the European market, as the first commercial-scale producer of Phospholution’s RhizoSorb® dry granular phosphorus fertilizer.
The partnership was formed after Phospholutions received an investment during their Series A funding round from Tekfen Ventures, the corporate venture arm of Tekfen Holding, which includes ownership of Toros Agri. The two companies are on the second year of product performance trials in Turkey on crops such as corn and wheat.
“The partnership between Toros and Phospholutions marks a significant milestone for both companies leading the way in the development and marketing of industry-first technologies for the agricultural market,” said Sinan Uzan, President and Founder of Tekfen Ventures. “Our mission at Tekfen Ventures is to invest and enable new technologies like RhizoSorb to change legacy industries like agriculture.”
RhizoSorb is formulated to increase phosphorus efficiency in the soil utilizing a plant-driven nutrient release mechanism based on a chemical gradient rather than environmental conditions. The company said RhizoSorb reduces the rate of applied phosphorus needed to achieve the yield potential for row crops such as corn based on five years of academic and on-farm field trials. Phospholutions launched RhizoSorb8-39-0 in the US row crop market this past spring.