Manufacturer of fertilisers and crop protection products Coromandel International Limited (CIL) on Monday announced that it has signed a license agreement with Shell Research Limited for the Shell Thiogro technology to produce ammonium phosphate based fertilisers containing elemental sulphur.
This technology will be employed at the company's Visakhapatnam plant and may extend to its Kakinada plant.
Shell Research Limited is an affiliate of Royal Dutch Shell Plc of London and the Shell Thiogro technology is developed by Shell Sulphur Solutions, a global business unit of the Royal Dutch Shell group of companies.
CIL is a part of the Rs 13,617 crores ($ 3.03 billion) Chennai-based Murugappa Group.
The licensing of this technology links the efforts of Coromandel in developing new crop nutrient solutions for Indian agriculture with the efforts of Shell, the company stated in press release.
“The agreement with Shell is another landmark step which Coromandel has taken to provide holistic crop nutrient solutions to the Indian Farmers.
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Sulphur Enhanced Fertilisers have a multitude of advantages in the form of balanced nutrition, ease of application, cost effectiveness, uniform distribution and enhanced nutrient efficiencies” CIL managing director, V Ravichandran, said.
Coromandel markets around 2.9 million tonnes of phosphatic fertilisers, making it the leader in its addressable markets and the second-largest producer of phosphatic fertilisers in India.
Coromandel's crop protection business produces over 35 types of insecticides, fungicides and herbicides that are marketed across the country and exported to many countries in South America, Western Africa, Middle East and South East Asia.