Core Insights - Brazil Potash Corp. has appointed Marcelo Lessa to its advisory board, bringing over 30 years of experience in agricultural finance and investment strategies, particularly in Latin America and Africa [1][2] - Lessa's expertise includes leading over $400 million in investments in agribusiness and infrastructure during his tenure at the International Finance Corporation (IFC) and World Bank [2] - The Autazes Project aims to supply sustainable fertilizers to Brazil, which is critical for global food security, especially as the country imported over 95% of its potash fertilizer in 2021 [4] Company Overview - Brazil Potash is developing the Autazes Project, which is expected to produce up to 2.4 million tons of potash annually, potentially supplying around 20% of Brazil's current potash demand [4] - The project will utilize low-cost river barges for transportation in partnership with Amaggi, a major agricultural operator in Brazil [4] - The company aims to reduce Brazil's reliance on potash imports and mitigate approximately 1.4 million tons of greenhouse gas emissions per year [4] Advisory Board Composition - The advisory board is chaired by Stan Bharti and includes notable members such as Kátia Abreu, former Minister of Agriculture, and Luis Adams, former Attorney General of Brazil [6]
Brazil Potash Expands Advisory Board With Appointment of Marcelo Lessa, Former Executive of IFC/World Bank and Bunge Ltda.