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Thursday / November 21. 2024
HomeInputsAgro chems – FertilizersDUTV announces acquisition of Feed Earth Now

DUTV announces acquisition of Feed Earth Now

Image credit: Globenewswire

As part of the agreement, an additional 84 million restricted shares of DUTV were authorised and are being placed into Escrow

Digital Utilities Ventures, Inc (DUTV), has announced the execution of an agreement with Feed Earth Now, LLC, a privately owned limited liability company of Skokie, IL, in which, as part of the agreement, DUTV will become the majority shareholder. Also, as part of the agreement, an additional 84 million restricted shares of DUTV were authorised and are being placed into Escrow.

For the last 10 years, Feed Earth Now, LLC (FEN) have been developing a revolutionary, proprietary soil microbe formula (Terreplenish) from food waste that absorbs plant-available nitrates through absorbing atmospheric N2, and other beneficial microbes that thrive in soils and assist with enhanced plant growth and disease control while releasing tied up legacy phosphorus already in the soil.

This Terreplenish microbe formula in essence pulls 1/3 of the much-needed fertiliser for agricultural crops from the air, versus requiring it to be manufactured in large factories utilising CO2 emitting fossil fuels. The Terreplenish Microbial product has been commercially available in limited quantities to end-use customers for several years. 

Mark Gaalswyk, CEO of Easy Energy Systems, Inc, observed the technology and then developed a factory built Modular System to fully automate the entire process of making the Terreplenish microbe product from green waste material.  

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