CALGARY, ALBERTA -- (Marketwire) -- 03/11/13 -- Sulvaris Inc. today announced that they have signed definitive agreements with Keyera Partnership, one of the largest midstream operators in Canada, for the construction, ownership and operation of a new sulphur fertilizer production facility in central Alberta.
The new facility, which will be built on the site of Keyera's existing Strachan Gas Plant near Rocky Mountain House, Alberta, will convert elemental sulphur into Vitasul, a premium plant nutrient sulphur fertilizer. The facility will be owned as a 50/50 joint venture between Keyera and Sulvaris, with Keyera as operator. The joint venture will produce Vitasul for Sulvaris at the facility on a fee-for-service basis and Sulvaris will market and distribute the product. The new facility, when completed, will have the capacity to produce up to approximately 217,000 metric tonnes of Vitasul per year, which will be sold into the Canadian, U.S., and Asian markets.
Engineering work is underway and, subject to the receipt of regulatory approvals, the completion of Sulvaris' financing, and final approval for the project by Keyera and Sulvaris, construction of the facility is currently scheduled to commence in 2013. If this schedule is maintained, production could commence in early 2014.
About Sulvaris and Vitasul
Developed by Sulvaris, Vitasul is an innovative, high-analysis sulphur fertilizer that provides quick response and consistent feeding of sulphate to crops in the season of application. The Vitasul production process results in microscopic sulphur particles that are pelletized into fertilizer granules. When wetted in the soil, these granules disperse back into super-fine sulphur particles that are then converted to sulphate-form plant nutrient sulphur.
In four years of global field trials on a variety of crops in direct comparison to existing sulphur fertilizers, Vitasul has shown tremendous performance. Vitasul has been extensively tested in Canada, the U.S., China, and India on a variety of crops, including canola, corn, wheat, and several others. It has consistently out-performed other forms of sulphur fertilizer currently available in the market.
Plant nutrient sulphur is essential in a plant's production of chlorophyll, oil, and protein. While most crops require the three macronutrients - nitrogen, phosphorous, and potassium - in the highest concentrations, sulphur is often considered the next most important plant nutrient due to its vital importance in crop production. Plant nutrient sulphur deficiencies in soils are climbing worldwide, and are threatening to become a limiting factor in food production in many regions.
"With the Vitasul product, we are helping to address plant nutrient sulphur requirements in global agriculture", said Sulvaris CEO Rick Knoll. "The new Vitasul production facility will service agricultural markets both in North America and abroad."
Sulvaris is an innovative Calgary-based organization that converts fundamental inputs into essential value added products.
The new Sulvaris website, recently launched at www.sulvaris.com, provides more details on the Vitasul technology and other innovative conversion technologies currently in development at Sulvaris.
About the Keyera Strachan Gas Plant
The Strachan gas plant, located approximately 200 kilometres southwest of Edmonton, Alberta, offers inlet separation, compression, gas sweetening, NGL recovery, condensate stabilization, NGL truck/rail loading and off-loading capabilities. The Strachan gas plant also has significant sulphur handling capabilities, including: sulphur recovery; sulphur forming; sulphur truck/rail loading and off-loading; and a large sulphur block with storage capacity of 500,000 tonnes. With its connections to three major gathering systems (Strachan North, Garrington Caroline and Burnt Timber/Ram River), the Strachan gas plant is able to attract gas from a large capture area covering approximately 2,500 square kilometres. As one of Keyera's largest gas plants, it is a strategic part of the Keyera gathering and processing infrastructure portfolio.
This document contains forward-looking statements based on management's current expectations and assumptions relating to Sulvaris and the joint venture between Sulvaris and Keyera, including business, the environment in which they operate, anticipated future operations, the performance of the facility, the performance and marketability of Vitasul. As these forward-looking statements depend upon future events, actual outcomes may differ materially depending on factors such as: receipt of regulatory approvals necessary for the construction and operation of the facility; future operating results of the assets; the ability to execute strategic initiatives; construction and input costs; weather conditions; construction scheduling variables; international commodity supply/demand balances and prices; activities of agricultural producers, consumers, competitors, customers, business partners and others; overall economic conditions; access to capital and financing alternatives; operational risks; changes in sulphur and fertilizer markets; the legislative, regulatory and tax environment; and other known or unknown factors. There can be no assurance that the results or developments anticipated will be realized or that they will have the expected consequences for or effects described herein.
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