Greenpower Energy trials confirm substantially increased yields
Published 21-JUN-2017 12:44 P.M.
|
3 minute read
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Greenpower Energy (ASX: GPP) has provided an update on the hydroponic trials it is conducting which involves the company’s OHD (Oxidative Hydrothermal Dissolution) bio- stimulant fertiliser.
From a broader perspective, the company is involved in the development of economically and environmentally appealing products for the conversion of low-cost raw materials, including coal, to high-value liquid products such as chemical feedstocks and fuels.
Greenpower coal from the Gippsland Basin was subjected to the OHD process and the resulting bio-stimulant fertiliser liquid was applied to bok choy in hydroponic conditions. The following image was taken at harvest, highlighting the impact of untreated bok choy (far left) in comparison with that treated with various levels of OHD.
GPP is working in conjunction with Monash University which has been applying the OHD liquid as a once weekly foliar spray at application rates of five, 10 and 20 litres per hectare alongside untreated control plants.
As can be seen in the image above, bok choy responded best to the application of liquid at a rate of five litres per hectare with a 21% increase in fresh yield compared to the untreated control plants. The result of the study suggests that a bok choy trial with the OHD liquid applied as a foliar spray in commercial hydroponic growing conditions is warranted.
Management highlighted the fact that the yield uplift following the application of the OHD bio-stimulant is in addition to that provided by added fertilisers. On this note, the company made the observation that the application of the OHD bio-stimulant could improve fertiliser efficiency, as was also evident in tomato and wheat trials where the control plants were stimulated with industry accepted rates of added fertiliser.
It should be noted that trials are in their early stages and as such investors should seek professional financial advice for further information if considering this stock for their portfolio.
Confirmation of previous trial results paved the way for a prefeasibility study
GPP also informed the market today that follow-up trials had confirmed the unsuitability of certain plants, allowing the company to focus on target markets in the hydroponic sector which include tomatoes, strawberries, green vegetables, cucumbers and melons.
GPP Chief Executive, Gerard King, explained the significance of this development in saying, “The reaffirmation was important and is crucial in helping the company finalise the OHD PFS (prefeasibility study), and results contrary to earlier studies would have required Greenpower to perform additional trials which may have resulted in delays”.
Consequently, this is a double dose of good news for the group which King summed up in saying, “The positive results provide additional markets scope and opportunity to be covered by the OHD PFS which is currently nearing completion and will complement Greenpower’s focus on the crop cereal and horticultural markets.”
General Information Only
This material has been prepared by StocksDigital. StocksDigital is an authorised representative (CAR 000433913) of 62 Consulting Pty Limited (ABN 88 664 809 303) (AFSL 548573).
This material is general advice only and is not an offer for the purchase or sale of any financial product or service. The material is not intended to provide you with personal financial or tax advice and does not take into account your personal objectives, financial situation or needs. Although we believe that the material is correct, no warranty of accuracy, reliability or completeness is given, except for liability under statute which cannot be excluded. Please note that past performance may not be indicative of future performance and that no guarantee of performance, the return of capital or a particular rate of return is given by 62C, StocksDigital, any of their related body corporates or any other person. To the maximum extent possible, 62C, StocksDigital, their related body corporates or any other person do not accept any liability for any statement in this material.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
