Agrifood Tech | August 17, 2023

Phospholutions secures more than $10 million for sustainable phosphorus fertilizer

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, August 17 — Excess nitrogen and phosphorus runoff from fertilizers can lead to toxic algae blooms. Pennsylvania-based Phospholutions has raised over $10 million for a patented additive that can cut runoff, leaching and greenhouse gas emissions.

The company says its product, called RhizoSorb, can deliver the same amount of phosphorus to crops with half the amount of fertilizer.

That gives producers an opportunity “to embrace sustainable technology and enhance conventional fertilizer production while also extending value to the farmer,” said Melih Keyman of Keytrade Ag, which invested in Phospholutions’ alongside Advantage Capital, Ben Franklin Technology Partners and other investors.