Danakali Ltd - Colluli potash project developer - Says it is continuing the process of evaluating its renewable energy options of solar, wind and geothermal energy in a bid to become zero carbon in the production of Sulphate of Potash.
Chair Seamus Cornelius says: "We are determined to embrace renewable energy and run our business in a way that delivers positive environmental impacts for Eritrea and the world. Our initial goal is to create a responsible, environmentally friendly, zero carbon, premium fertilizer business that clearly links Colluli SOP with the production of nutritious crops, bolsters global food and nutrition security, and improves millions of lives. We know very well that with an asset like Colluli, the extensive studies we have done to date provide us with a useful baseline and the ceiling won't even be glimpsed until after many decades of growth."
Current stock price: 30.50 pence
Year-to-date change: up 56%
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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