Nousbo Signs MOU for Cashew Nut-Specific Fertilizer Pilot Project in Tanzania

2024-06-26

Collaborative effort among Nousbo, Good Neighbors, and Mirae Green Chemical to verify empirical effectiveness by December 2024

Contributing to carbon reduction and environmental protection through eco-friendly Controlled Release Fertilizer (CRF

▲ From left to right: Nousbo's Head of Overseas Business Division, Mr. Han Ku; CEO of Mirae Green Chemical, Mr. Hee-Sung Cho;
Head of International Business Division at Good Neighbors, Mr. Sun Kim; Economic Advisor of the Embassy of Tanzania in Korea, Mr. John P.M. Masuka

Nousbo Co., Ltd., a fertilizer manufacturing company from South Korea, has signed a three-party MOU with Good Neighbors and Mirae Green Chemical to conduct a pilot project in Tanzania to test the effectiveness of Nousbo's Controlled Release Fertilizers and Mirae Green Chemical's biochar. The pilot project, scheduled to run from June to December 2024 in the Pwani region of Tanzania, will involve comparing the production of cashew nuts using various fertilizers. These fertilizers will include biochar made from cashew nut shells and a blend of organic and inorganic fertilizers.

Through this MOU, Nousbo will develop and supply Controlled Release Fertilizers (CRFs) specifically designed for the healthy growth of cashew nuts. Mirae Green Chemical will handle the registration of these fertilizers in Tanzania and provide biochar made from cashew nut shells. Good Neighbors will manage local farmer engagement, oversee test plots, and monitor the project to verify its effectiveness.

Tanzania boasts the world's third-largest cashew nut cultivation area, spanning 7 million hectares. Despite government efforts to support cashew nut production as a national initiative, the average yield per hectare remains at about 0.3 tons, only 20% of the global average. This underscores the need for improved cultivation methods to boost productivity.

Leveraging its world-class CRF production technology, Nousbo continues to develop CRF fertilizers tailored to the climatic conditions of various countries. As part of its commitment to sustainable agriculture, Nousbo is actively engaged in eco-friendly R&D to reduce fertilizer usage, greenhouse gas emissions, non-point source pollution, and carbon footprint, contributing to environmental protection.

John P.M. Masuka, Economic Advisor of the Embassy of Tanzania in Korea, who attended the MOU signing ceremony, expressed his hopes for the development of Tanzanian agriculture and long-term collaboration with Korean companies.

Through this pilot project, Nousbo aims to enhance cashew nut productivity based on resource-circulating agriculture, play a significant role in Tanzania's economic growth with Korean agricultural solutions, and strengthen future business relations with Korea.

Resorce: ㈜누보, 탄자니아 캐슈너트 전용비료 시범사업을 위한 업무협약 체결 (newsam.co.kr)