CO2 GRO Inc (CVE:GROW) (OTCQB:BLONF) reported that its CO2 Delivery Solutions is achieving 20% more pepper fruit production, based on interim results from the treatment group versus control group over the first 10 weeks of the commercial feasibility, as measured by kilograms of fruits harvested, at the Hidroexpo pepper greenhouse facility in El Salvador.
The company said the feasibility is being conducted in a one-hectare greenhouse with half the plants receiving aqueous CO2 misting and half receiving no supplemental CO2.
“The interim results from the Hidroexpo pepper commercial feasibility demonstrate the power of our CO2 Delivery Solutions technology to significantly improve returns to greenhouse pepper growers,” CO2 GRO vice president of sales and strategic alliances Aaron Archibald said in a statement.
He added: “Our technology is operating at quite low incremental costs due to its ability to efficiently deliver CO2 to plants resulting in 20% average yield increases.
“In addition, the CO2 Delivery Solutions system was easily adapted into Hidroexpo's existing greenhouse overhead misting system with little additional costs. We look forward to the successful completion of the feasibility and discussing implementing our CO2 Delivery Solutions systems to a number of the thirty-six greenhouses at Hidroexpo.”
Hidroexpo general manager Rodrigo Martinez also weighed in, stating: “We are impressed with the 20% yield improvement as a result of applying aqueous CO2 through our existing misting systems. The feasibility is being conducted at a scale which provides us the confidence that the results are accurate.”
CO2 GRO also cited an article written by Allison Kopf, CEO of cultivation management platform Artemis, which asserts that global average revenue per square foot of greenhouse grown fruits and vegetables is approximately $6.50, or up to $700,000 per hectare.
Thus, a 20% increase in product yield could add up to $140,000 in additional revenue per hectare.
The company added that as its CO2 Delivery Solutions systems run for only minutes per day at negligible operating cost, virtually all of this additional yield value is extra profit for the grower.
CO2 GRO noted that it actively works with growers to optimize the plant yield performance of their CO2 Delivery Solutions systems.
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