Key Takeaways:
- Facility expansions, acquisitions, and funding announcements signal growth in AgTech.
- Major partnerships, including Harnois Greenhouses, underscore advancements in sustainable agriculture.
- Highlights include ADAMA’s new chloralkali facility, Dubai’s GigaFarm, and Bowery Farming’s operational challenges.
- Coverage includes key quarterly financial results and updates from major players in AgTech.
In Partnership with Harnois Greenhouses: Supporting Sustainable Agriculture
This edition of AgTech Digest, brought to you in partnership with Harnois Greenhouses, covers a range of industry updates that showcase the growth and challenges in modern agriculture. Harnois Greenhouses, a leader in poly greenhouse solutions, provides systems for berry growers to maximize production through controlled environments, supporting year-round, sustainable farming.
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AgTech Highlights Expansion Announcements: Key Facility Openings and Upgrades
ADAMA’s New Chloralkali Facility
ADAMA Ltd. has opened a chloralkali production facility, designed to enhance fungicide production by increasing chlorine supply for products like Captan and Folpet. This advanced facility aims to reduce energy use and environmental risks.
ReFarm Global and IGS in Dubai’s GigaFarm
The GigaFarm project, located in Dubai’s Food Tech Valley, is part of the UAE’s food security and decarbonization initiatives. This 900,000 sq. ft. closed-loop ecosystem is expected to produce over three million kilograms of food annually by 2025.
Mastronardi Produce Expands in Ontario
Mastronardi Produce has expanded its greenhouse operations in Kingsville and Leamington, Ontario, enhancing year-round supply of its SUNSET® branded produce.
Oberland Agriscience’s BSFL Facility in Nova Scotia
Nova Scotia’s largest black soldier fly larvae (BSFL) facility uses AI and robotics to transform food waste into sustainable animal feed, diverting significant waste from landfills.
AgTech Highlights Acquisitions: Investments in Solar and Sustainable Agriculture
Cube Green Energy Acquires Stake in SUNfarming
Cube Green Energy, managed by I Squared Capital, acquired a majority stake in German Agri-PV leader SUNfarming, committing €500 million to advance solar-agriculture synergy in Germany.
H.I.G. Capital’s Acquisition of Life Agro in Brazil
H.I.G. Capital has acquired Life Agro, a Brazilian agricultural input specialist. This acquisition supports sustainable agriculture solutions, with Life Agro focusing on eco-friendly crop protection and biostimulants.
Weekly Spotlight: Bowery Farming Ceases Operations
Bowery Farming, a vertical farming company, recently closed its operations, facing financial struggles after attempts to secure additional funding. Known for its partnerships with major retailers like Whole Foods and Amazon Fresh, Bowery’s shutdown underscores the financial challenges in scaling vertical farming.
Read the entire article here.
AgTech Funding Highlights: Investments Fuel AgTech Innovation
Pymwymic Healthy Food Systems Impact Fund II
Pymwymic’s Healthy Food Systems Impact Fund closed at €71.5 million, surpassing its goal to support AgriFood companies focused on crop intelligence, soil health, and reducing food waste.
Albotherm’s £500K Grant for Temperature-Controlled Polytunnels
UK-based Albotherm received a grant to test its temperature-sensitive additive for polytunnels, designed to improve yield by stabilizing temperatures and optimizing crop production.
Aphea.Bio’s €1.9M Investment for Maize Biostimulant
Aphea.Bio secured €1.9 million to expand its maize biostimulant INITIΛ, aiming to improve soil health in U.S. and Brazilian markets.
USAID Commits $57.4M to Food Security Initiatives
USAID has allocated $57.4 million to support climate-smart agriculture, aiming to enhance food security through research on disease-resistant crops and sustainable intensification.
Sponsored Spotlight: Harnois Greenhouses’ Solutions for Berry Production
Harnois Greenhouses offers versatile solutions for berry production, ranging from open-field systems to high-tech greenhouse structures like the TunnelPro Plus and Luminosa. These structures support extended growing seasons and protect crops, contributing to sustainable, high-yield farming.
Upcoming AgTech Events
- Inhouse Farming Feed & Food Show | Nov 12-15, 2024 | Hanover
- AgriNext Conference | Nov 13-14, 2024 | Dubai, UAE
- Asia-Pacific Agri-Food Innovation Summit | Nov 19-21, 2024
Discover other events here.
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