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Corpfiance has offered a bursary to students from India who are attending Dalhousie University in Canada. This Bursary has a value of  $60,000 – $15,000 renewable for 4 years, and is open to students from India who demonstrate good academic standing and financial need and are entering the Bachelor of Commerce program at Dalhousie University in Canada.

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FOR RELEASE ON JUNE 19, 2014

CANADIAN COMPANY LEVERAGES GREEN TECHNOLOGY TO CONVERT ORGANIC WASTE INTO NUTRIENT RICH FERTILIZER, HELPING INDIAN FARMERS IMPROVE CROP YIELDS AND LOWER COSTS

VADADORA – Ceres Biosystems India Pvt Ltd today officially opened its first organic fertilizer processing facility in India, in the City of Vadadora, Gujarat. The facility will source organic waste material from the City of Vadodara and combine it with other raw materials provided by Gujarat State Fertilizer Corporation (“GSFC”) for conversion into a nutrient-rich fertilizer product.

“We are pleased that Ceres India is utilizing leading Canadian technology to produce this very important and much needed affordable natural fertilizer for sale in our markets,” said Atanu Chakraborty, Managing Director GSFC. Area farmers will purchase the product under the name of Sardar Nirmal by GSFC.

“We are a Canadian company that focuses on providing sustainable solutions to improving soils by recovering essential nutrients from organic waste streams” said Ceres India Chairman Kevin Andrews. “We are proud to be using proven Canadian technology to provide farmers in India with a renewable source of nutrients to help improve their crop yields and lower their costs.”

While the process uses organic waste as a raw material, the final product is pathogen free and safe for farmers to apply to their fields and crops. “Our final product is particularly beneficial to farmers who cannot afford to apply non-renewable commercially produced fertilizer, and it will benefit the Indian agriculture sector by providing a fertilizer product that will increase crop yields at a low cost” said Rob Sampson, Managing Director of Ceres India.

By providing a beneficial reuse alternative for human waste management, the technology allows municipal governments to expand the construction of wastewater treatment plants, and support the more sustainable management of fresh water resources. This technology is currently used in seven organic fertilizer production facilities in Canada.

Ceres India is owned by Corpfinance International Limited (“CFI”), and a local Indian partner. Financing for the project was arranged by CFI, utilizing full project financing protocols, which CFI applies to Canadian infrastructure projects, to ensure on budget and on time delivery of the project.

CFI and Ceres India are committed to expanding throughout India using this technology as an affordable option to manage waste water treatment challenges, to help clean up India’s natural waterways, and provide affordable, natural, nutrient rich fertilizer to local farmers.

For more information regarding this media release:

Rob Sampson, Managing Director

Ceres Fertilizer India Private Limited

1-416-300-9998 | rsampson@ceresbiosystems.com

Questions and Answers

Q.
What is the size of the plant and how many local people will it employ?
A.
The plant will produce up to 400 metric tonnes of fertilizer daily and will employ 20 direct employees. In addition, the plant will support approximately 20 indirect jobs in the area.
Q.
Who will buy the fertilizer?
A.
Ceres India has entered into an agreement with GFSC to purchase the entire production of the plant. GFSC will in turn market the product in 50 Kilo bags to local area farmers under the trade name Sardar Nirmal
Q.
How will the process impact the environment?
A.
The process improves the environment as it harvests essential nutrients from the organic waste stream and provides farmers with a pathogen free natural fertilizer at low cost. Farmers who use the product will no longer have to subject themselves and their crops to the use of pathogen laden unprocessed sewage material. In addition, municipalities can use the process to help clean up waterways that are becoming polluted with human organic waste.
Q.
Why Vadadora, Gujarat for the plant?
A.
Vadadora is central to the supply of organic waste, and has been actively seeking an alternative to the management of the organic waste produced by its waste water treatment plants.

Q.
What kind of organic waste can the process handle?
A.
The process can handle the majority of organic waste including biosolids from wastewater treatment, plants and food and animal waste.