Business
Royalty Management Holding Corporation Renews its Membership as Gold Member of the Center for Advancing Sustainable and Distributed Fertilizer Production (CASFER)
Texas Tech University's CASFER center is leading the way in developing an innovative approach to recycling nitrogen-based fertilizers used in farmingGold
About this update from Royalty Management Holding Corporation
[{"type":"text","content":"Texas Tech University's CASFER center is leading the way in developing an innovative approach to recycling nitrogen-based fertilizers used in farmingGold member status provides commercial technology rights in one of the fastest growing markets of fertilizer recyclingFISHERS, IN / ACCESSWIRE / April 29, 2024 / Royalty Management Holding Corporation (Nasdaq:RMCO) (\"Royalty Management\" \"RMCO\", or the \"Company\"), an innovative royalty company building shareholder value by acquiring and developing high value assets in sustainable market environments, announced today that it has renewed its gold status membership in Texas Tech University's Center for Advancing Sustainable and Distributed Fertilizer Production, or ‘CASFER' organization. As a gold member of CASFER, RMC has access to the technologies and intellectual property developed out of CASFER, in particular the innovative and novel technologies to produce, capture, and recycle nitrogen-based fertilizers from farming activities.Thomas Sauve, Chief Executive Officer of the Company, commented, \"We are excited about continuing our relationship and sponsorship with CASFER. Since its founding in 2022 with the help of the National Sciences Foundation, we have been incredibly impressed with the progress of the Center and the team that Dr. Botte has assembled to carry out its mission. We firmly believe that this technology being developed at CASFER, which captures and recycles key elements used in fertilizers for increased food production, has outsized potential to positively impact the growth and efficiency of global food production and fertilizer re-use. RMCO, through its membership in CASFER, has the ability to monetize the intellectual property developed at the Center and looks forward to being a key partner in the success of CASFER and its mission.\"The CASFER engineered system is revolutionizing the capture, recovery and recycling of decarbonized nitrogen-based fertilizers using byproducts from untapped sources of waste including concentrated animal feeding operations, municipal wastewater treatment plants and runoff. CASFER is also working to deliver novel synthetic methods that use waste and sustainable resources to create a circular economy for decarbonized nitrogen-based fertilizers production.More than 50% of the world's population is supported by synthetic nitrogen-based...