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# Agrion secures $43 million from UN-backed U.S. fund to further expand in Brazil

Publication Date: 04.11.2024, 16:00

Pegasus Capital Partners backs the Brazilian fertilizer company’s growth and sustainable agriculture initiatives.

Agrion Fertilizantes Especiais, in partnership with American investment manager Pegasus Capital Partners, has finalized a BRL 250 million ($43 million) investment deal through the Global Fund for Coral Reefs. The investment will facilitate the construction of ten new specialty fertilizer factories and the development of additional product lines.

Currently, Agrion produces approximately 60,000 tons of fertilizers annually at its facility in Minas Gerais, Brazil. These fertilizers are derived from sugarcane residues like vinasse and filter cake, aligning with the company’s commitment to sustainability by repurposing by-products from Companhia Bioenergética da Aroeira. The company plans to replicate this successful model across 20 new plants over the next decade, with the next two factories slated for São Paulo state.

Agrion’s product portfolio includes slow-release organomineral fertilizers made from organic materials. It promotes the reuse of agricultural waste and supports sustainable agriculture practices. The company has been at the forefront of the organomineral sector in Brazil, dedicated to innovating and increasing agricultural productivity while conserving natural resources and optimizing operational synergies.

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