Turning coal into liquid fertilizer

Following on from our interview with Greenpower (ASX: GPP) boss Gerard King the company has released an update on its crop trials.

In an announcement today it reported:

Multiple Phase II and new crop trials are currently underway.

 Previously unflagged hydroponic trials have been completed in late May with OHD productivity and yield results due in the next week.

 Stage II wheat & tomato trials underway with results expected post-harvest.

 Phase I trials across crop cereals and tomatoes to move to broadacre field trials in partnership with agricultural grower groups commencing November 2017.

 Preparation of the OHD PFS continue where the results of the hydroponic trials will assist in further understanding the potential of the OHD grower market.

InsideMarket learned from King during our recent phone interview that he anticipates the full trial results will be out by the end of the year.

However it seems some vegies grow faster than others, especially under glass.

Bok choy and rocket have already been harvested with results soon.

For those new to Greenpower their technology turns coal into liquid fertilizer and so far it shapes up as:

30% higher yield on wheat tests

10% of production cost compared to existing products to produce

The bio fertilizer market is estimated at $600 million per year market.