30 May, 2019

AlgaEnergy and Krishi Rasayan Group (KREPL) establish the AgMA Energy Pvt. Ltd. joint venture and introduce first products in India

The AgMA Energy Pvt. Ltd. joint venture has been established as a registered company in India and records first product sales in the India marketplace.

AlgaEnergy’s wholly owned subsidiary in India, MicroAlgae Solutions India Pvt. Ltd., and Krishi Rasayan’s sister concern, Agrolife Science Corporation, have registered AgMA Energy Pvt. Ltd.  (“AgMA Energy”) in India as a 50/50 joint venture. AgMA Energy, with headquarters in Delhi, India, is now poised to bring the best innovation possible to the crop agriculture & aquaculture markets in India and other key countries.  Founded on the principle of delivering the benefits of AlgaEnergy’s novel biological products through the services and distribution network of Krishi Rasayan, the joint venture is focused on innovative solutions at the intersection of biological and chemical approaches that address the needs of these important markets.

With the registration of AgMA Energy the joint venture is now able to deliver to farmers that natural biologial solutions designed and created by AlgaEnergy, a Spanish biotechnology company. The products created for these new markets include biostimulants for crop agriculture and animal nutrition products for a variety of sectors including aquaculture. The companies are pleased to announce that the first of these products have been introduced to the crop agriculture markets in India with great reception from retailers and farmers. The AgMA Energy products are natural products created exclusively for agriculture based on the use of plant-derived ingredients -no animal-derived ingredients are used- that deliver biological molecules plants need, and thus crops develop more of their potential yield and quality and produce greater results and benefits for the farmer.

Carlos Rodriguez-Villa Förster, General Manager of AlgaEnergy, stated:The first sales of AgMA Energy products in India represents an important milestone for AlgaEnergy in the validation of its international expansion plans. Having a fully committed partnerhsip with Krishi Rasayan (KREPL) through their Agrolife Science Corporation division allows AlgaEnergy to immediately bring our novel natual products to a very important market. At the same time AgMA Energy enables our collaborative efforts in developing new products that will bring the best solutions possible to the farmers of India and the region for years to come. I look forward to what we will create together in the future.”

About Krishi Rasayan Group

Agrolife Science Corporation is a part of Krishi Rasayan (KREPL) Group. Krishi Rasayan Group was established in the year 1966 and is now the 7th largest agrochemical company in India. The company has 8 manufacturing plants located in different parts of the country.  Krishi Rasayan Group strives continuously for the prosperity of mankind and fulfilling farmer needs.  With vast experience KREPL has products created not only for the India’s needs but also to meet the global challenges. The motto of the group is “Rooted yet Thinking Big”.

The company is involved in Agrochemicals, Biotechnology, IT Infrastructure, Solid Waste Management, Inland Transport, Poultry Feed, Pest Control, Real Estate, R&D and Contract Research and Data Generation. It has 22 marketing offices in the country and international offices in Hongkong, Shanghai, Bangladesh, Dubai and Australia.

The Krishi Rasayan Group has over 1,600 employees and an annual turnover in excess of INR 1750 Cr (300Mn USD).