LONDON: Keras Resources plc has announced the successful commencement of dry commissioning at its Delta processing facility. The initial phase, known as C1, marks a significant milestone for the company’s wholly-owned subsidiary, Falcon Isle Resources Corp. This phase includes the energisation of motors and confirmation that all installed items meet design requirements.
The transition from an outsourced production model to a fully integrated production facility at Delta, supported by the Phosul Utah LLC joint venture, represents a remarkable achievement within a four-month period.
The company is now progressing towards wet commissioning with granulator binder fluids, aiming for completion in early June 2024. The Granulator Plant is expected to produce approximately 520 tons per month of Phosul® granules, with plans to double the output by the end of the year.
Graham Stacey, CEO of Keras, commented, “Having made the decision to migrate operations from Spanish Fork, acquiring the Delta Property and achieving C1 commissioning on schedule in the space of four months has been an outstanding achievement from both our project team but also with the support of our funding partners.
As we now move into C2 commissioning and build up to steady-state commercial production of Phosul® granules, the value add of the Phosul Utah LLC JV will underpin our traditional PhosAgri markets and significantly increase the footprint of our sales in North America. Having the Phosul LLC team as partners, who have five years of both producing and importantly marketing Phosul® from their Sugar City, Idaho facility is key to achieving our growth strategy and we look forward to working with their team going forward.
As always, I encourage shareholders and potential investors to view our social media posts to get a sense of the physical progress achieved in Delta to date. I look forward to updating shareholders on progress as we now move towards the final commissioning and ramp-up phase of the integrated Granulator Plant.”
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