TORONTO, Sept. 10, 2015 /CNW/ - Ceres BioSystems Limited (Ceres) announced today that it has signed an "Intent For Cooperation" agreement with the state of Uttar Pradesh, India for the development of up to 10 facilities that will convert organic waste into natural fertilizer. The "Intent For Cooperation" was signed by Ceres BioSystems Limited and the Chief Minister at the Uttar Pradesh Mumbai Conclave hosted by the state and held in Mumbai on September 10, 2015.
Ceres is a private Canadian company wholly-owned by its management and the principals of Corpfinance International Limited (CFI). Ceres conducts business in markets located outside of North America
Ceres is committed to providing global markets with natural, sustainable and affordable solutions to managing organic waste. Ceres harvests essential nutrients from the organic waste stream to produce a product that improves soil conditions and safely increases crop yields, all at an affordable price. The Ceres solution protects the environment by diverting human, animal and plant based waste away from landfills, incinerators and natural waterways.
"Untreated waste water and untreated biosolids are being applied to Indian fields jeopardizing the health of local farm workers and potentially contaminating the crops produced in those fields" said Kevin Andrews, Chairman of Ceres BioSystems Limited. "We are currently successfully deploying our technology at a plant in Vadodara, Gujarat and are proposing doing the same thing in Uttar Pradesh to help the state harvest essential nutrients and create a product that is safe, effective, sustainable and affordable for their agricultural sector" he said.
The total investment over the next five years is expected to exceed 300 Crore INR and will create up to 300 direct and a further 500 indirect jobs in the state of Uttar Pradesh.
SOURCE Ceres BioSystems Limited
Image with caption: "Ceres BioSystems (CNW Group/Ceres BioSystems Limited)". Image available at: http://photos.newswire.ca/images/download/20150910_C6995_PHOTO_EN_493245.jpg
For further information: For more information regarding this media release: Rob Sampson, Managing Director, Ceres BioSystems Limited, 1-416-300-9998, [email protected]